_Strategic Communication Unit – MoICE_
In a major step toward advancing inclusive economic growth and protecting vulnerable citizens, the Parliament of Sierra Leone has passed the Pro-People Finance Act 2026 — a landmark legislation designed to strengthen the Government’s commitment to fiscal discipline, social protection, and equitable national development.
The passage of the Finance Act comes after extensive consultations, policy reviews, and deliberations led by the Ministry of Finance, in close collaboration with key ministries, departments, and agencies. The Act provides the legal framework for the implementation of the 2026 Pro-Poor Budget, aligning national spending priorities with President Julius Maada Bio’s Human Capital Development Agenda and the Government’s Big Five Game Changers.
According to the Minister of Finance Ahmed Fanta Mahdi, the Act emphasizes economic resilience, fairness, and productivity—ensuring that every leone spent contributes meaningfully to improving the lives of ordinary Sierra Leoneans. Key highlights include increased investments in education, health, and agriculture; the rationalization of tax exemptions; and policy measures aimed at stimulating local production while curbing excessive import dependence.
The 2026 Pro-People Finance Act also introduces progressive tax measures that place greater emphasis on corporate responsibility, ensuring that larger businesses contribute equitably to the nation’s development efforts. Small and medium enterprises (SMEs), farmers, and low-income earners, however, stand to benefit from a range of incentives intended to boost employment, productivity, and economic inclusion.
In presenting the Bill to Parliament, the Minister reaffirmed Government’s unwavering commitment to fiscal transparency and accountability, emphasizing that this new law will promote efficiency in revenue collection and public expenditure. The Act also enhances the oversight powers of Parliament to ensure prudent financial management and value for money in all government-funded projects.
Members of Parliament, across party lines, commended the Act as a progressive and inclusive policy tool that reflects the needs of the people. They acknowledged the Finance Ministry’s dedication to developing a national budget that protects the poor, empowers youth and women, and supports sustainable economic growth.
The passage of the Pro-People Finance Act signals a renewed focus on responsible governance, citizen welfare, and long-term national stability. As the country looks ahead to 2026, the legislation stands as a testament to Sierra Leone’s determination to build a fairer, stronger, and more prosperous nation for all.
