The Government of Sierra Leone has renewed its commitment to fiscal responsibility and economic stability through the presentation of a revised NLe31.3 billion supplementary budget for 2025, delivered to Parliament by Finance Minister Sheku Ahmed Fantamadi Bangura on Tuesday, 29th July 2025.
Speaking during the presentation, Minister Bangura outlined the government’s resolve to consolidate public finances, restore budget credibility, and protect recent macroeconomic gains. He noted the significant reduction in inflation from 54.5 per cent in October 2023 to 7.1 per cent by June 2025 as evidence that government policies are delivering results. With GDP expected to grow by 4.5 per cent this year, the revised budget signals a cautious yet forward-looking approach to national development amid global uncertainty.
The minister emphasized that although domestic revenue fell slightly below target, the government is taking strategic steps to improve collection, strengthen enforcement, and ensure value for money in all expenditures. He highlighted ongoing reforms at the National Revenue Authority, improved use of technology, and targeted audits as key tools to close revenue gaps without compromising service delivery.
To manage debt responsibly and reduce fiscal pressure, Minister Bangura said the government is actively engaging banks, pension funds, and development partners to support long-term financing for infrastructure and social programmes. He assured citizens and the international community that transparency, discipline, and national priorities will guide every decision.
Minister Bangura ended by thanking President Julius Maada Bio for his leadership and Parliament for its continued support, reaffirming that the government remains focused on building a resilient economy that benefits all Sierra Leoneans.