Category: Business & Finance

Freetown, 20th October 2025- Sierra Leone’s fiscal performance for the first half of 2025 shows notable growth in revenue and grants, but also a shortfall against budgeted expectations. According to figures from the Budget Bureau and the National Revenue Authority (NRA), total revenue and grants reached NLe11.12 billion between January and June 2025, representing 5.8% of GDP. While this marks a year-on-year increase from FY2024 actuals, it falls short of the NLe12.98 billion budgeted for the same period, 6.7% of GDP.

Freetown, 20th October 2025- Sierra Leone’s fiscal posture for the first half of FY2025 reflects bold spending ambitions amid rising domestic revenue, but also a widening budget deficit. According to figures released by the Budget Bureau, government expenditure and net lending surged to NLe17.74 billion, marking a 57% increase from the NLe11.28 billion allocated in the same period last year.

World Bank Budget Support to Sierra Leone Plummets, US$100 M TO US$40 million in 2024 and $0 in 2025

Geneva, Switzerland — Monday, 20 October 2025: Sierra Leone’s Commissioner General of the National Revenue Authority (NRA), Madam Jeneba J. Bangura, is representing the country at the 31st Session of the United Nations Committee of Experts on International Cooperation in Tax Matters, currently underway at the Palais des Nations in Geneva.

Johannesburg, South Africa — With debt repayments consuming an ever-larger share of government revenues, African Ministers of Finance have formally adopted the African Debt Monitoring Mechanism (ADMM), a continent-wide platform designed to track and manage domestic and external debt in real time. The announcement came at the close of the African Union’s 8th Ordinary Session of the Specialised Technical Committee (STC) on Finance, held from 29 September to 3 October 2025.