Freetown: The Ministry of Finance convened final stakeholder consultations on proposed revisions to the Public Financial Management Act, 2026. Friday’s session, held at the Ministry’s Conference Room on George Street, gathered Ministers, Deputy Ministers, and their representatives. Previous consultations with key stakeholders had already taken place. This engagement forms part of broader Ministry efforts to ensure proposed legislation reflects current economic realities, strengthens fiscal governance, and promotes greater accountability and efficiency in managing public resources.
According to Sierra Leone News Agency, Financial Secretary Matthew Dingie chaired the proceedings and described the consultation as an important stage in the review process. Public financial management remains dynamic, he noted, and must evolve to address emerging economic, institutional, and technological challenges. He assured attendees that all views, recommendations, and concerns raised would be properly documented and carefully considered before draft legislation proceeds to Cabinet and subsequently Parliament. Mr. Dingie reaffirmed the Ministry’s commitment to an inclusive, evidence-based, and transparent process that safeguards public interest.
Acting Minister of Finance Khadijah Alie welcomed the review as timely and essential to strengthening Sierra Leone’s fiscal governance framework. She underscored the importance of a modern legal framework capable of supporting effective fiscal planning, sound treasury management, stronger financial oversight, and improved management of fiscal risks. She also highlighted the need for the Act to be revised to recognize digital financial management systems and emerging approaches to public finance. Technical presentation by the Ministry’s legal representative and PFM consultants provided an overview of the 2016 PFM Act, rationale for review, emerging issues, and key proposed reforms, including new, modified, and expanded provisions.
The discussions followed presentations, during which Ministers, Deputy Ministers, and representatives raised comments, suggestions, and concerns across various aspects of proposed legislation. Participants offered practical recommendations aimed at improving clarity, effectiveness, and applicability of the revised Act, ensuring adequate response to Sierra Leone’s public financial management needs. The Ministry assured participants that all contributions would be documented and considered in finalizing the draft. The conclusion of consultation marks a significant milestone in the review process. The revised PFM Act is now expected to proceed to Cabinet for consideration and approval before parliamentary submission.