By: Thaimu Bai Sesay
In a highly anticipated annual event, the Government of Sierra Leone, through the Ministry of Finance, is set to present its Fiscal Year 2025 (FY2025) budget, laying out the nation’s economic roadmap for the upcoming year.
Scheduled for Friday, 15th November 2024, at 10:00 a.m., the Minister of Finance, Honorable Sheku Ahmed Fantamadi Bangura, will deliver the official Statement of Economic and Financial Policies in the esteemed Chamber of the Sierra Leone Parliament.
This pivotal occasion marks a significant moment for the country as it aims to address key economic and social challenges while outlining new fiscal policies and public expenditure priorities. The budget announcement is expected to reveal initiatives that will support Sierra Leone’s growth objectives, foster economic resilience, and promote sustainable development.
A broad spectrum of stakeholders has been invited to attend, underscoring the inclusive and transparent approach of the government. Among the invited guests are Cabinet Ministers and their deputies, Vote Controllers, heads of various departments and state-owned enterprises, as well as representatives from diplomatic missions, non-governmental organizations (NGOs), development partners, and civil society organizations.
The Ministry has also extended an invitation to members of District Budget Oversight Committees, local community representatives, and other non-state actors, reaffirming its commitment to ensuring that all sectors have a voice in shaping the nation’s fiscal priorities.
This year, the Ministry of Finance has encouraged attendees to be seated by 9:30 a.m. to ensure a prompt start and smooth proceedings for what is expected to be an eventful session.
The FY2025 budget speech comes at a critical time, given rising global economic uncertainties. Sierra Leone needs economic reforms to tackle inflation, boost job creation, and improve infrastructure. Citizens and stakeholders alike are eager to see how the government plans to address these concerns while fostering inclusive growth and ensuring financial stability.
Members of the general public have also been invited to witness the event, reflecting the government’s commitment to transparency and public engagement in fiscal policy. The Ministry has emphasized its goal of aligning the budget with national priorities and international standards, signing a strategic focus on sustainable development goals and economic inclusivity.
As anticipation builds, all eyes will be on Minister Bangura as he presents his vision for FY2025. The Ministry has expressed appreciation for the public’s cooperation and patience, urging all attendees to follow the guidelines for a successful and orderly event.
