(Senate-August 23, 2022); The Commissioner General –designate of the Liberia Revenue Authority (LRA) has disclosed that the entity has so far reached 50.2 percent of its revenue target as of June 30, 2022.
Outlining his achievements to Senators during his confirmation hearing Monday, August 29, 2022, Commissioner General-designate, Thomas Doe Nah, said the LRA under his leadership aspires to move the Country’s revenue to Billion.
He added that the Authority is aiming to surpass 2021 by 70.5 million and that they are on course to beat its best year.
The Senate Press and Public Affairs Department release quotes,
Commissioner General -designate Nah as saying that, in 2020 the LRA recorded the highest domestic revenue of US$ 483.9 million during the heat of the COVID-19.
More to that he said, the LRA under his leadership pushed harder in 2021 to increase revenue collection by more than 95.1 million to US$579 million.
With revenue projection at US$809.5million, with domestic revenue of US$649.5million, of this amount, the LRA Commissioner General-designate averred that the revenue Authority is on the right path to surpass 2021 by 70.5 million.
He at the same time pointed out that the LRA success in revenue growth are explained by coordinated efforts geared toward building a robust digital ecosystem, curtailing abuse occasioned by smuggling and tax evasion, improving payment channels, enhancing taxpayers engagements and capacity of staff at the entity.
Commissioner Nah also said in the last four years, his leadership succeeded in stabilizing the LRA, where alliances were built, as well as innovative and proactive interventions that transformed the domestic resource mobilization landscape.
In conclusion, he added that his leadership stabilized and increased revenue collection and helped stamp out substantial delays in public servants’ salaries and payments to vendors, at the same time noting that mobilization of more revenues has given the Government the fiscal space to intervene in public services, community roads, and other activities.