MONROVIA – The Liberian Senate has formally approved the 2025 National Budget, amounting to $880 million, following concurrence with the Majority Bloc of the House of Representatives. This endorsement finalizes the government’s fiscal framework for the year, shaping the financial operations of ministries and agencies nationwide.
Initially proposed at $851 million, the budget was revised upwards after thorough legislative scrutiny and adjustments. This increase reflects priorities under the administration’s ARREST Agenda for Inclusive Development (AAID), targeting infrastructure development, debt servicing, and economic stabilization.
President Joseph Nyuma Boakai had first presented the draft budget to the National Legislature on November 18, 2024. The submission initiated an extensive review process in both chambers, leading to a 15.3% increase over the 2024 Recast Budget of $738.9 million.
The approved budget comprises two primary components: Core Revenue at $833 million and Contingent Revenue at $18.8 million. These allocations are designed to sustain government operations and implement development initiatives under the AAID framework.
Key revenue streams include Tax Revenue, projected at $633.72 million (80% of domestic revenue), and Non-Tax Revenue, estimated at $138.5 million (17.4%). Additionally, External Resources, totaling $60 million (7% of the overall budget), have been secured from international partners, including $40 million from the World Bank and $20 million from the European Union. This marks a significant 50% increase in external resources compared to the 2024 fiscal year.
