★ Republic of Liberia 2013 – FY2026 16 West African economies 200 official documents Every figure cited to its page

Liberia's public money, reconciled to the page.

What the budget promised, what arrived, and what was actually spent — every figure traced to the document and page it came from.

Liberia Ledger is an independent database of the Government of Liberia's revenue and spending, rebuilt from the Ministry of Finance's budget books and outturn reports, the Liberia Revenue Authority's annual and tax-expenditure reports, the IMF's programme reviews, the OECD/ATAF revenue statistics and the Central Bank's annual reports. It reads the whole document, not the summary table; it keeps the archive when the government website loses it; and where two institutions count the same money differently, it publishes both and says which is which.

Explore the budget How Liberia compares

The national budget, nine periods

MFDP · APPROPRIATION BASIS

Total expenditure per fiscal period, US$. The axis crosses Liberia's 2021 change of fiscal year — July–June years, then a six-month bridging budget, then calendar years — and the change is marked where it falls.

FINDINGS

What the numbers say once you read past the totals

Every headline below is arithmetic on official documents, reproduced from the database behind this site. Each links to the page where the working is shown.

Promise vs delivery, FY2025

OUTTURN ÷ APPROPRIATION

The national execution rate was 99.9%. Underneath it, the eleven budget sectors ranged from to . Warm bars overspent their appropriation; cool bars underspent.

Outturn against original appropriation, US$. Sector totals from Appendix 3 of the FY2025 performance report; each is corroborated by the sector's own table in section 5.5. Read the full analysis →

Where it lands

FY2024 · 15 COUNTIES

Only of the FY2024 budget is attributed to any county. The rest — — is coded "nationwide".

Explore the county map →

WHY THIS EXISTS

What makes Liberia Ledger different from a consultancy deck or a donor database

01

Every number has a page

Each figure in the database carries a document id, a PDF page number and the archived file's SHA-256 checksum. Hover a chart, open the table, follow the citation.

02

Promise versus delivery

Draft, approved, recast, estimated and actual are stored as separate stages. The gap between them — not the total — is the unit of analysis.

03

Four institutions, one year

The revenue authority, the ministry, the IMF and the OECD each publish a count of the same money. We show all four, name the basis on every row and never average them. See the four counts →

04

We log the government's own errors

22 internal inconsistencies found in official documents, each recomputed from the source's own printed figures and published, not silently corrected.

05

Measured against its neighbours

Liberia set beside sixteen West African economies on series that treat every country the same way — so a ratio can be read as high or low, not merely stated. Compare →

06

The archive outlives the website

Government sites lose documents. One budget volume in the archive no longer exists anywhere on the ministry's site. The archive is append-only, checksummed and never edited.

FOR JOURNALISTS

Eight numbers you can quote today

Each figure comes with the table and page it was taken from. Copy the line and the citation travels with it.

Research note 03 Full report on request30 OCTOBER 2026 · SECOND EDITION · 45 PP

Liberia’s Power Paradox

From the dam to the meter: money, management and the electricity that goes unpaid, 2010–2026.

Since 2010 the Liberia Electricity Corporation has had a Canadian and then an Irish management paid for by donors, an American compact of US$257 million that rebuilt the Mount Coffee dam with European and Norwegian money, US$673 million of partner loans and, in 2026, a record US$50 million appropriation. Its customers have grown fivefold since 2020. Yet of every ten units of electricity LEC puts on the grid about four are never billed, and its largest debtor is the government. The note tells the story in the order it happened, from every national budget since FY2014/15, LEC's 2026 reports to its Board, its monthly debtor tables and the Auditor General's audit, and ends with seven priorities the record supports. The cover and the contents are free to read; the full report is sent by email.

US$50.0M
LEC's appropriation for 2026: 13 times last year's; 81% of it paid by June
38–44%
of the electricity LEC supplies lost in the wires, taken without a meter or billed and never paid, early 2026
US$32.5M
owed to LEC by the government at 30 June 2026, 91% of its active customers' debt

See the cover and contents Request the full report

Cover of Liberia's Power Paradox, Liberia Ledger Research Note 03, second edition
The cover. Pages 1 and 2 of 45 are on the site; the rest on request. All reports →

Free sample report

REVISED 10 OCTOBER 2026

The 99.9% budget

Liberia spent US$879.6 million against an FY2025 appropriation of US$880.7 million — an execution rate of 99.9%. Read by sector, execution ranged from 68.6% to 108.0%, and US$21.7 million moved between sectors during the year. The sectors that lost it were the ones the budget had promised the largest increases. Published in full as a sample of our research; other reports are written to order.

Read the report Print edition (PDF)

Where the numbers come from

SOURCES

Every figure on this site is taken from an official document held in a checksummed archive — the Ministry of Finance's budget books and outturn reports, the IMF's programme reviews, the Central Bank's annual reports — and reconciled to that document's own printed totals before it is published. Nothing is restated, netted or "corrected"; where documents disagree with themselves or with each other, the disagreement is logged and shown. The FY2024 budget book alone contributes 2,133 six-digit line items across 122 agencies.

Sources, archive & data quality

Need this depth on a question of your own?

Commissioned briefings, fiscal due diligence and county-level reconstruction — built on the same database, with the same citations.

What we do