𝗛𝗼𝘂𝘀𝗲 𝗥𝗲𝗰𝗲𝗶𝘃𝗲𝘀 𝟮𝟬𝟮𝟲 𝗗𝗿𝗮𝗳𝘁 𝗕𝘂𝗱𝗴𝗲𝘁 𝗜𝗻 𝘁𝗵𝗲 𝘁𝗼𝗻𝗲 𝗼𝗳 𝗨𝗦$𝟭.𝟮 𝗕𝗶𝗹𝗹𝗶𝗼𝗻

The Government of Liberia, through the Ministry of Finance and Development Planning (MFDP), has officially submitted the Draft National Budget for Fiscal Year 2026 to the House of Representatives in the tone of US$1.2 billion. The presentation ceremony took place on Friday, November 7, 2025, at the Capitol Building, where the Minister of Finance and Development Planning, Hon. Augustine Kpehe Ngafuan, presented the draft budget to House Speaker Hon. Richard Nagbe Koon on behalf of President Joseph Nyuma Boakai.

Presenting the document, Minister Ngafuan noted that the draft budget was informed by the fiscal performance of the current year and reflects the government’s priorities to strengthen revenue generation and address key national expenditure needs. “It is my distinguished honor to present the draft budget for FY 2026. This submission is informed by the budget’s performance over the first six months of the fiscal year, addressing revenue outcomes and prioritizing critical expenditures for the country,” Minister Ngafuan stated.

Receiving the draft budget, Speaker Richard Nagbe Koon commended the Ministry of Finance and Development Planning for the timely submission and assured that the Legislature will commence immediate scrutiny through its Committee on Ways, Means, and Finance. “We have received this communication on behalf of the President and will transmit it to plenary for onward submission to the relevant committee for detailed review. We appreciate the tune of US$1.2 billion and hope the revenue projections are realistic to avoid shortfalls,” Speaker Koon said. The Speaker further disclosed that the review process will begin early next week and requested additional copies of the draft budget to be distributed to all members for effective deliberation.