The Commissioner-General of National Revenue Authority (NRA), Madam Haja Kallah-Kamara, has travelled to the US as part of Sierra Leone’s delegation to the IMF/World Bank spring meetings to be held in Washington this April. Also included in the delegation is Mr. Sheku S. Sesay, Central Bank Governor and member of NRA Board of Directors. The delegation is being led by Minister of Finance and Economic Development, Dr. Kaifala Marah.
Madam Haja Kallah-Kamara said that as part of the financial management arm of the government, the NRA plays a significant role in supporting activities of the Ministry of Finance. “It is important that we attend because it is at these meetings that the IMF/World Bank set benchmarks for the NRA and other arms of government in order to aid public financial management.
Most importantly, it is also at these meetings that the country’s economy is appraised and usually NRA’s targets are reviewed upwards to close the gaps in the national budget,” she explained that NRA currently contributes an estimated 70% of revenue to government’s budgetary support. During her speech at the NRA’s 3rd Annual Awards Night in December 2013, deputy Minister of Finance in charge of Revenue, Madam Mabinty Daramy disclosed that for the first 9 months of 2013, government’s expenditure was mainly funded from revenues collected by the NRA, due to gaps in projected donor partners’ support to Sierra Leone.
As NRA accelerates tax collection in recent years, its revenue targets has been increasing rapidly. This year, the Authority is expected to collect Le2.468 trillion compared to Le. 2.103 trillion in 2013. This target may increase significantly before the end of the year due to decisions made during the IMF/World Bank meetings in April and September.