Liberia Advances People-Centered Development with US$45 Million Supplementary Budget

Monrovia, Liberia – President Joseph Nyuma Boakai Sr. has submitted a US$45 million Draft Supplementary Budget to the National Legislature, signaling a bold step toward strengthening human capital and accelerating national development.

The submission, in line with the Public Financial Management Law of 2009, reinforces the government’s ARREST Agenda for Inclusive Development (AAID)—a policy framework focused on improving the lives of ordinary Liberians through inclusive and sustainable growth.

The budget was formally presented to House Speaker Richard Nagbe Koon by Acting Finance Minister Anthony G. Myers on behalf of Finance Minister Augustine Kpehe Ngafuan, who is currently attending the World Bank/IMF Spring Meetings in Washington, D.C.

BALANCING GLOBAL SUPPORT AND DOMESTIC STRENGTH

The supplementary budget is financed through US$40 million in delayed World Bank support from FY2025 and US$5 million in improved domestic revenue, reflecting growing fiscal discipline and stronger internal revenue generation.
This blend of international cooperation and domestic effort underscores Liberia’s commitment to economic resilience while aligning with broader African aspirations for self-reliance.

This blend of international cooperation and domestic effort underscores Liberia’s commitment to economic resilience while aligning with broader African aspirations for self-reliance.

MAJOR INVESTMENTS IN HEALTH, EDUCATION

At the heart of the proposal is a significant investment in social sectors, with over 40%—US$19.3 million—earmarked for health, education, and social development.

Education will receive US$7.3 million to boost teacher enrollment, expand school feeding programs, and settle obligations to the West African Examinations Council.

Health is allocated US$10.9 million, including funding for drug response programs and land acquisition for a proposed National Children’s Hospital.

Social Development will benefit from US$1.05 million to support vulnerable communities.

INFRASTRUCTURE AND SECURITY GET A BOOST

To drive inclusive growth, the government has set aside US$7.2 million (15.9%) for infrastructure and basic services. A key component is US$4.02 million for the rollout of the “yellow machines” initiative aimed at improving road connectivity nationwide.

Additionally, US$18.5 million will go to other priority areas, including US$5.1 million for national security, reinforcing stability and rule of law.

ECONOMIC OUTLOOK IMPROVES

If approved, Liberia’s FY2026 National Budget will increase from US$1.249 billion to US$1.294 billion, representing a 3.6% rise and an overall 47% year-on-year growth—a sign of steady economic recovery.

Speaker Koon praised the administration’s focus on healthcare and education, noting that investments such as support for the University of Liberia will expand access and empower future generations.

A STEP TOWARD SELF-RELIANCE

The supplementary budget represents more than a financial adjustment—it reflects a growing commitment to people-centered governance and sustainable development.

As Liberia advances this agenda, it reinforces a broader African vision—where nations invest in their citizens, strengthen institutions, and pursue shared prosperity.

Africa’s future is being built—one budget at a time.