MONROVIA – The Ministry of Finance and Development Planning has opened the Revenue Budget Hearing for the Fiscal Year 2026 as part of ongoing efforts to prepare a credible national budget.
The hearings, which began Monday, follow weeks of Expenditure Hearings that allowed government ministries and agencies to defend their spending plans for the upcoming fiscal year. According to a press release issued Tuesday, the Revenue Hearing is a critical stage in the budget process, focusing on how resources can be mobilized to finance government expenditures.
Speaking at the opening, Acting Minister of Finance and Development Planning, Hon. Anthony G. Myers, underscored the importance of the exercise. “The hearings are an annual exercise designed to assess how resources can be mobilized to finance the government’s expenditures,” Myers said. He explained that the forum allows revenue-generating entities to present their projections, identify challenges, and share strategies for meeting targets.
Myers stressed that the process ensures a more realistic budget framework. “The hearings serve as a critical platform in shaping a realistic and credible national budget,” he stated. He further reaffirmed the Ministry’s commitment to maintaining openness and inclusiveness in the budget process, noting that collective input from all entities is key to financing Liberia’s development priorities in 2026.
Several revenue-generating institutions attended the opening session, including the Liberia Telecommunications Authority (LTA), the National Fisheries and Aquaculture Authority (NAFAA), and the Liberia Agricultural Commodity Regulatory Authority (LACRA). Each presented its outlook for revenue collection while addressing opportunities and challenges in meeting their financial targets.
The Revenue Hearing, according to the Finance Ministry, provides both technical and policy guidance in the formulation of a balanced national budget. It also plays a central role in aligning budgetary decisions with the government’s medium-term development agenda.
Officials emphasized that the exercise is not only about numbers but also about strengthening institutional collaboration, promoting transparency, and building public trust in Liberia’s fiscal management system.
