Liberia: Ngafuan Says U.S.$1 Billion Tax Haul Spent, Braces for U.S.$200m Gap

Liberia: Ngafuan Says U.S.$1 Billion Tax Haul Spent, Braces for U.S.$200m Gap

[Liberian Investigator] MONROVIA -- Finance Minister Augustine Kpehe Ngafuan says Liberia's record $1 billion in tax collections this year is already spent, not sitting in a government account, funding new soldiers, early salary payments and long-overdue debts to local banks and media houses. But about $200 million of that total, roughly a fifth, came from a one-time mining payment that will not repeat in 2027, and Ngafuan himself told listeners Thursday the government is already bracing for the gap it will leave behind.

Originally published by AllAfrica.

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