The Commissioner General of the Liberia Revenue Authority (LRA), Elfrieda Stewart Tamba, has applauded staff and employees of the Authority for “diligently” working to surpass the 2014/2015 fiscal year revenue targets approved by the National Legislature, according to an LRA press release.
In the 2014/15 Fiscal Budget, the LRA was mandated to raise US$635.23 million, but the entity, through its vigorous revenue enforcement programs, exceeded the amount by US$8.22 million, netting a total of US$643.46 million.
Commissioner Tamba said though the collection of revenue is not an easy task, the LRA can meet and surpass its annual targets when each and every staff “earnestly dedicate their daily assignments to achieving the overall revenue goal, mission and vision.”
“I want to say a big thank you and congratulations to each and every employee and contractor of the LRA for working hard to exceed our revenue targets,” Mrs. Tamba told the staff at a general meeting where she announced
further that each staff member was entitled to a bonus for the fiscal period of 2014/2015.
The Act creating the LRA provides for bonus to the entity if it exceeds revenue targets set out in the National Budget by the National Legislature. As a result, the LRA received a bonus of US$400,000, which has since been disbursed to all employees and contractors for the fiscal period.
Commissioner Tamba urged employees and staff of the entity to exert their efforts and energies in collecting all lawful revenues due the country as an excellent way of contributing to the development of their native land.
It should be noted, the release stated, that the LRA shared its bonus with other revenue generating ministries and agencies.