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Parliament has passed the Pro-People Finance Act 2026, a landmark legislation aimed at strengthening fiscal discipline, expanding social protection, and promoting inclusive economic growth in Sierra Leone.
The Act received approval following extensive consultations and policy reviews led by the Ministry of Finance in collaboration with key ministries, departments, and agencies. It provides the legal framework for implementing the 2026 Pro-Poor Budget, aligning national expenditure with President Julius Maada Bio’s Human Capital Development Agenda and the Government’s Big Five Game Changers.
Minister of Finance, Ahmed Fanta Mahdi, said the Act reinforces principles of economic resilience, fairness, and productivity by ensuring that public resources directly improve the lives of ordinary citizens. The legislation expands investments in education, health, and agriculture; rationalizes tax exemptions; and introduces measures to boost local production while reducing the country’s dependence on imports.
The law also introduces progressive tax measures designed to enhance corporate responsibility. Under the new provisions, larger businesses will contribute more to national development, while small and medium enterprises, farmers, and low-income earners will benefit from incentives aimed at increasing productivity, job creation, and broad-based economic participation.
Presenting the Bill to Parliament, the Minister reaffirmed the Government’s commitment to fiscal transparency and accountability. He emphasized that the new legislation will enhance efficiency in revenue collection, strengthen oversight of public expenditure, and ensure value for money across all government projects.
Members of Parliament from both the ruling and opposition parties welcomed the Act, describing it as a forward-looking and people-centered policy instrument that addresses pressing national priorities. They commended the Ministry of Finance for preparing a budget that supports vulnerable groups, empowers youth and women, and fosters sustainable economic development.
The passage of the Pro-People Finance Act 2026 marks a renewed commitment to responsible governance and long-term economic stability. As Sierra Leone moves into 2026, the legislation stands as a significant step toward building a fairer, stronger, and more prosperous nation.
