Meanwhile the LRA in conjunction with the Ministry of Finance and Development Planning (MFDP) has begun the final validation of Liberia’s draft Domestic Resource Mobilization Strategy. Domestic Resource Mobilization is tax revenue collected by revenue authorities and private savings in domestic money and capital markets. The objective was to give stakeholders the opportunity to review and make final inputs into the draft DRM strategy and harmonized a genuine national strategy to drive Liberia’s domestic resource mobilization agenda. He said such step plays a major role in the domestic resource mobilization process and serves as a key pillar in facilitating revenue enhancement and economic growth. Should an importer for instance under-declare goods, the LRA should raise issue with the BIVAC in view of the standing agreement between both parties.

Source: Daily Observer April 19, 2018 02:26 UTC