Liberia forecasts $1.07 billion in tax revenue in 2027
By the AFREEQUE newsroom, based on The Liberian Investigator
Illustrative image · https://kaboompics.com/ · Pexels · Licence PexelsLiberia forecasts $1.07 billion in tax revenue in 2027, up 26.5% from the estimated $847.5 million for 2026. The increase is intended to offset the decline in exceptional mining revenues, according to the draft national budget submitted to Parliament.
Liberia’s 2027 draft budget forecasts a 26.5% increase in tax revenue, from an estimated $847.5 million in 2026 to $1.07 billion in 2027. The figures are contained in the draft national budget for the 2027 fiscal year submitted to Parliament on Friday by President Joseph Nyuma Boakai, reports The Liberian Investigator.
The expected increase in taxes is intended to partly offset the decline in exceptional mining revenues. Royalties and rents from mining are estimated at $287.6 million in 2026, compared with $119.4 million projected for 2027, a decrease of $168.2 million.
The government expects an increase of $95.2 million in taxes on income and profits, $96.9 million in international trade taxes and $32.3 million in taxes on domestic goods and services. Exceptional revenues are meanwhile expected to fall from $228 million in 2026 to $40 million in 2027.
The decline in mining revenues follows an exceptional $200 million payment made this year by ArcelorMittal Liberia. Oil royalties, which generated $23.8 million in 2026 from fees linked to the signing of offshore blocks, are projected at about $2,000 in 2027. Liberia forecasts $1.54 billion in revenue in 2027 had reported the overall level of revenue expected in the draft budget.
