Following the country revenue performance in history, President Joseph Nyuma Boakai has announced that Liberia is entering a decisive new era of fiscal strength and public accountability.
Addressing the nation and members of the Legislature on Monday, January 26, 2026, President Boakai disclosed that government revenue reached US$885.8 million in 2025, marking the highest single-year increase ever recorded.
He revealed that domestic revenue alone surpassed its target by US$43.1 million, representing a dramatic US$148 million increase over 2024.
The President attributed the surge to improved tax administration, expanded digitization, and stronger compliance across revenue-generating institutions.
“This reflects stronger policy choices and better administration, commending the Liberia Revenue Authority while urging lawmakers to partner with the Executive to ensure public funds translate into real improvements in citizens’ lives,” he said.
In a rare fiscal development, he announced that the government is preparing to submit a supplemental budget next month, citing robust revenue performance and disciplined spending.
As of November 2025, the President said the government expenditure stood at US$709.7 million, with significant allocations directed toward road construction and other capital projects.
Despite ongoing global economic pressures, President Boakai reported measurable relief for Liberian households ranging from prices of essential commodities, including rice, flour, and fuel have declined, with fuel stabilizing at US$4 per gallon and rice prices easing across major markets.
Boakai issued a stern warning to businesses against exploiting consumers, praising the Vice President-led Price Committee for curbing unjustified price hikes and vowing firm enforcement actions against violators.
On employment, the President revealed that more than 70,000 short- and medium-term jobs have been created since his administration took office, spanning infrastructure development, agriculture, social protection programs, and small business support.
Looking ahead, he said the Youth Entrepreneurship and Investment Bank Project is expected to support 30,000 youth-led businesses, generating over 120,000 direct and indirect jobs, while the National Employment Acceleration Strategy will focus on agriculture, public works, and skills development.
The President reaffirmed his administration’s commitment to inclusive growth under the ARREST Agenda for Inclusive Development (2025–2029), which allocates US$290 million for capital investment and targets raising GDP per capita above US$1,050 by 2029.
“The purpose of growth is not numbers alone, “but dignity, opportunity, and a better life for every Liberian,” he added.
