By Kadiatu Sankoh
The Ministry of Finance has outlined key FY2027 priorities focused on boosting domestic revenue mobilisation, reducing public debt, strengthening fiscal governance and improving public financial management.
Presenting the Ministry’s proposals at the ongoing Bilateral Budget Hearings on 1 October 2026, Acting Director of Research and Delivery, Alhaji Abu Komeh, said the Ministry aims to increase domestic revenue from 10.7 percent of GDP (NLe18.0 billion) in 2025 to at least 12.3 percent (NLe25.99 billion) by 2027.
The Ministry also targets a reduction in the debt-to-GDP ratio from 49.3 percent to 43.5 percent, while reducing the overall budget deficit, including grants, from 4.4 percent of GDP to below 3 percent by 2027.
Other priorities include operationalising the National Electronic Single Window, strengthening fiscal risk management and oversight of State-Owned Enterprises and MDAs, improving project disbursement, strengthening fiscal decentralisation and enacting the revised Public Financial Management Act.
The Ministry’s FY2027 budget stands at NLe232.69 million, closely aligned with its approved ceiling of NLe232.69 million.
Financial Secretary, Matthew Dingie, said the Ministry remains committed to supporting economic growth, maintaining macroeconomic stability and ensuring public institutions operate within approved budget ceilings.