Monrovia – The Liberia Revenue Authority (LRA) in collaboration with the Ministry of Finance and Development Planning (MFDP) has commenced the final validation of the country’s draft Domestic Resource Mobilization (DRM) Strategy. The validation exercise provides an opportunity for stakeholders at the county level to review and make final inputs into the draft DRM strategy with the aim to harmonize a genuine national strategy to drive Liberia’s domestic resource mobilization agenda. The domestic resource mobilization strategy validation exercise is the result of four regional dialogues, which culminated into a National Revenue Symposium in June 2017 on domestic resource mobilization, during which a document inclusive of plans and ideas on how to initiate a domestic resource mobilization strategy for Liberia, was formulated. 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. Domestic Resource Mobilization consists of tax revenue collected by revenue authorities (RAs) like the Liberia Revenue Authority and private savings in domestic money and capital markets.

Source: Front Page Africa April 11, 2018 03:11 UTC