This chapter reviews the recent debt dynamics in Sierra Leone and develops a fiscal anchor that could help guide fiscal policy over the medium term. It sets an overall balance that can reduce the debt-to-GDP ratio towards its anchor of 51 percent of non-iron-ore GDP in 12 years, consistent with maintaining a safety buffer of about 19 percent, so that a maximum debt ceiling of 70 percent of GDP is not exceeded. The credibility of this framework depends on ongoing reforms to raise potential output, enhance revenue mobilization, and improved expenditure and commitment controls.