Revenue Performance Report
Forecast collections set against historical quarterly performance and the annual revenue target
FY 2026 annual target · Ahead of target
$1.02B of $1.21B collected (84.0%)
Projected to close at $1.36B, or 112.0% of target, if the pace to Q3 holds.
Key findings
- Collections reached $1.02B by Q3 of FY 2026, 84.0% of the $1.21B annual target.
- At the pace set so far, the year would close near $1.36B, which is 112.0% of target: ahead of target.
- $193.2M remains to be collected over the final quarter to meet the target.
- Against FY 2025 ($818.0M), the current pace implies growth of 65.7%.
- The trend forecast for FY 2026 is $897.3M.
- Only annual totals are on record for prior years, so quarter-by-quarter comparison is shown as an average per quarter rather than actual quarterly results.
Source: Government of Liberia / Liberia Revenue Authority — presidential address, 14 September 2026. Part-year figures are year-to-date and are not comparable to audited annual totals.
Quarterly pace against history
Average collections per quarter. Completed years are their annual total divided by four.
- Average per quarter
Historical performance and forecast
| Fiscal year | Basis | Collections | Target | Of target | Average per quarter |
|---|---|---|---|---|---|
| FY 2019 | Annual | $469.6M | — | — | $117.4M |
| FY 2020 | Annual | $435.7M | — | — | $108.9M |
| FY 2021 | Annual | $529.7M | — | — | $132.4M |
| FY 2022 | Annual | $614.9M | — | — | $153.7M |
| FY 2023 | Annual | $611.9M | — | — | $153.0M |
| FY 2024 | Annual | $699.0M | — | — | $174.8M |
| FY 2025 | Annual | $818.0M | $804.6M | 101.7% | $204.5M |
| FY 2026 | Q3 to date | $1.02B | $1.21B | 84.0% | $338.9M |
| FY 2026 | Projected close | $1.36B | $1.21B | 112.0% | $338.9M |
Forecast path
Two-year projection modelled from the completed fiscal years on record, alongside the current year to date.
Two-year revenue forecast
Projected from 7 completed fiscal years, FY 2019–2025 · 9.7% average annual growth over that period
- Actual collections
- Current fiscal year to date
- Trend projection
- Scenario projection
| Fiscal year | Projected collections | Trend projection (least squares) | Growth vs FY 2025 | Share of FY 2026 target |
|---|---|---|---|---|
| FY 2026 | $897.3M | $833.3M | 9.7% | 74.2% |
| FY 2027 | $984.4M | $892.3M | 20.3% | 81.4% |
These are modelled projections from published collections, not official government forecasts.
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