In Salone… FISHERIES REVENUE DECLINES BY 51%

By Thomas Dixon

232news –

The unaudited statement of the government of Sierra Leone has revealed that fisheries revenue declined by over 51% in 2025. The report maintained that though above budget slightly, fisheries revnue declined by more than half (51%)moving from NLe333,824 thousand in 2024 to NLe162,952 thousand.

The report continued that the budgeted amount is NLe160,523, noting that other departmental receipts also declined by NLe656,056 making 25% fall which is also below budget by NLe192,210  which is equivalent to 9% of budget.

“ Finally, there is a slight increase in Road user Charges by 5% but below the budget by NLe46,428  which is 15% of budget,” the report maintained.

Adding that, the drastic decline in this ratio to bring it to a low 9% in 2024 compared to previous years is due to there basing of economic parameters used to compute the GDP.

The report stated that this rate has been stable since 2024,when the GDP was rebased which increased the GDP to more than 146% (2024 NLE163,889,889) compared to 2023 (NLE66,631,000) and slightly increased in 2025 to NLe180,678,442.

“While the domestic revenue has only increased by 17% between the 2 years, the GDP also increased by 10%,” the report noted.