Monrovia – The Liberian Senate has given its approval to the 2025 National Budget, set at $880 million, after reaching consensus with the House of Representatives. This marks the finalization of the government’s fiscal plan for the coming year, dictating financial operations across all ministries and agencies.
The budget, initially proposed at $851 million, was adjusted upward following extensive legislative scrutiny and revisions. These changes reflect key priorities under the administration’s ARREST Agenda for Inclusive Development (AAID), with a focus on infrastructure, debt servicing, and economic stabilization.
President Joseph Nyuma Boakai formally introduced the budget to the National Legislature on November 18, 2024. The submission launched a rigorous review process in both chambers, resulting in a 15.3% increase over the 2024 Recast Budget of $738.9 million.
The approved budget includes Core Revenue of $833 million and Contingent Revenue of $18.8 million, aimed at sustaining government functions and advancing development initiatives under the AAID framework.
Revenue projections highlight Tax Revenue at $633.72 million, making up 80% of domestic income, and Non-Tax Revenue at $138.5 million, or 17.4% of domestic revenue. Additionally, External Resources amount to $60 million, sourced from the World Bank ($40 million) and the European Union ($20 million), representing 7% of the total budget and a 50% increase from the previous fiscal year.
