Sierra Leone needs fiscal consolidation for sustainable growth --[Reported by Umva mag]

The report, “Sierra Leone Economic Update,” highlights the need for fiscal consolidation to ensure sustainable growth.

Despite its economic resilience, Sierra Leone faces challenges like high public debt and rising inflation. The report recommends several measures to address these issues, including, reducing government spending and increasing revenue, improving the performance of the Electricity Distribution and Supply Authority (EDSA) and transitioning to renewable energy, strengthening debt management practices to reduce the risk of debt distress, and continuing to tighten monetary policy to curb inflation.

By implementing these recommendations, Sierra Leone can create a more stable and sustainable economic environment.

ABJ/APA

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