Category: Business & Finance

FY2025 Mid-Year Report Shows Sierra Leone Overspends on Core Services

The FY2025 first-half report paints a picture of uneven fiscal execution, where some sectors are stretched beyond their limits while others remain under-resourced. As the government prepares its second-half allocations, stakeholders are calling for a more balanced approach, one that aligns spending with strategic priorities, institutional needs, and public expectations.

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Domestic Revenue Up 20%: But Q1 Shortfall Affects Growth

Freetown, 20th October 2025- Sierra Leone’s domestic revenue collection rose by 19.7% in the first half of FY2025, reaching NLe8.98 billion, up from NLe7.50 billion in the same period last year. The increase, which represents 4.6% of GDP, reflects the impact of new revenue measures rolled out by the government to boost fiscal performance. However, a shortfall in the first quarter has tempered the overall momentum.

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Revenue Rises, But Falls Short of Target

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.

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