By Kadijatu Bangura, Daily Scope Reporter
Sierra Leone’s Parliament has officially endorsed the Pro-People Finance Act 2026, a landmark piece of legislation designed to enhance fiscal discipline, expand social protection, and foster inclusive economic growth.
The Act was approved after comprehensive consultations and policy reviews, spearheaded by the Ministry of Finance in collaboration with various ministries, departments, and agencies. It establishes a legal framework to implement the 2026 Pro-Poor Budget, aligning national spending with President Julius Maada Bio’s Human Capital Development Agenda and the Government’s Big Five Game Changers.
Minister of Finance Ahmed Fanta Mahdi stated that the Act embodies principles of economic resilience, equity, and productivity by ensuring that public resources are utilized to directly benefit ordinary citizens. Key features of the legislation include increased investments in education, health, and agriculture, the rationalization of tax exemptions, and measures aimed at boosting local production to reduce reliance on imports.
Notably, the law introduces progressive tax measures that enhance corporate responsibility. Larger businesses will contribute proportionately more to national development, while small and medium enterprises, farmers, and low-income earners will receive incentives aimed at boosting productivity, job creation, and broader economic inclusion.
During the presentation of the Bill to Parliament, the Minister reaffirmed the Government’s dedication to fiscal transparency and accountability. He highlighted that the new legislation would improve revenue collection efficiency, bolster oversight of public spending, and ensure value for money in government projects.
Members of Parliament across both ruling and opposition parties praised the Act, deeming it a forward-thinking and citizen-focused policy tool that addresses urgent national issues. They commended the Ministry of Finance for crafting a budget that supports vulnerable populations, empowers youth and women, and promotes sustainable economic growth.
The passage of the Pro-People Finance Act 2026 signifies a renewed dedication to responsible governance and long-term economic stability. As Sierra Leone enters 2026, this legislation represents a crucial step towards building a fairer, stronger, and more prosperous nation.
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