Liberia’s 2026 Draft National Budget Hit 1.2 Billon With Domestic Revenue Accounting For 94%
November 10, 2025
Monrovia: Liberia’s Draft National Budget for the first time has hit 1.2 billion with domestic Revenue accounting for 94% informed by the fiscal performance reflecting government’s priorities to strengthen revenue generation and address key national expenditure needs.
Presenting the draft budget on behalf of President Joseph Boakai to House Speaker Richard Nagbe Koon, Finance and Development Planning minister Augustine Kpehe Ngafuan said “It is my distinguished honor to present the draft budget for FY 2026. This submission is informed by the budget’s performance over the first six months of the fiscal year, addressing revenue outcomes and prioritizing critical expenditures for the country,”
According to the draft FY 2026 Budget, domestic revenue accounts for US$1.13 billion (94%), while external resources represent US$72 million (6%). Domestic revenue projections include Tax Revenue of US$726.97 million, Non-Tax Revenue of US$83.92 million, Mittal Sign-on Bonus of US$200 million, and Contingent Revenue of US$28 million.
The proposed Budget prioritizes investments which align with the ARREST Agenda. It allocates approximately US$280 million to projects under the Public Sector Investment Plan (PSIP) a key pillar of the Administration’s development framework focused on Agriculture, Roads, Rule of Law, Education, Sanitation, and Tourism.
President Boakai commended lawmakers for the timely passage of the FY 2025 National Budget, which facilitated a more effective and transparent implementation of government programs during the current fiscal year.
The President urged the National Legislature to ensure a timely and transparent review and approval of the FY 2026 Draft Budget, emphasizing the importance of maintaining legislative due diligence and accountability in the process.
The submission of the Draft National Budget fulfills the requirement of Section 1.7.1 of the 2019 Amendment and Restatement of the Public Financial Management (PFM) Act of 2009, which mandates that the proposed budget be submitted to the Legislature within the statutory period.
The 2026 draft national budget is record-breaking and unprecedented which many officials have hailed the executive for saying it is a landmark budget that reflect economic growth and fiscal development. Critics believe ordinary Liberians may not just benefit from the record breaking budget expansion as political elites will reap the lion’s share of the nation’s wealth.
