Liberia - Public finance



Government budgets, roughly in balance up to the mid-1970s, have since run heavily into deficit. Since civil war erupted in 1989, Liberia's fiscal management has collapsed. The country relies heavily on foreign aid, especially from the United States, Japan, the United Kingdom, France, Italy, Germany, China, and Romania. In recent years, Taiwan and Libya have surfaced as the largest direct donors to the Liberian government.

The US Central Intelligence Agency (CIA) estimates that in 2000 Liberia's central government took in revenues of approximately $85.4 million and had expenditures of $90.5 million. Overall, the government registered a deficit of approximately $5.1 million. External debt totaled $2.1 billion.

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