Ministry of Finance

The Ministry of Finance (MOF), has overall responsibility for developing the Government’s fiscal and economic policy framework; collecting and allocating public revenues and playing an important role in the socio-economic development of the country in creating a society in which each citizen has every prospect of a better quality of life.

Vision Statement

A Centre of Excellence that enables Sustainable Growth and Development through Sound Policy, Planning and Quality Service Delivery.

Mission Statement

We combine professionalism and expertise in the pursuit of sound socio-economic and financial policies for the achievement of sustainable growth and development.

Core Values

The Ministry's customer service will be built on the following values (FIT TEAM):

•      F - Fairness
•      I - Integrity
•      T - Teamwork
•      T - Transparency
•      E - Excellence
•      A - Accountability
•      M - Mutual Respect  

MOF Objectives

• Create the environment that will promote sustainable economic growth
• Effectively manage the national budget and administer policies for the sound financial management of pubilc funds
• Effectively regulate financial institutions and entities in order to protect the interest of all investors
• Develop tax policies and administer same to provide revenue needed to finance the socio-economic development
• Provide conditions of service that enable public sector employees to provide improved service to our valued stakeholders.

MOF Divisions

MOF through its operational responsibilities ensures that government pursues policies that facilitate: sustainable growth in the national economy, effective regulation of the country's financial institutions and cost-effective delivery of public services, through highly committed, competent and motivated employees. In achieving these objectives, MOF portfolio is administered through fourteen (14) divisions:

• Public Expenditure (PEX)
• Public Expenditure and Policy Coordination (PXPC)
• Public Service Establishment (PSED)
• Economic Management
• Financial Regulations
• Corporate Services
• Taxation Policy
• Financial Investigations (FID)
• Revenue Protection (RPD)
• Public Accountability Inspectorate( PAID)
• Internal Audit
• Finance and Accounts
• Public Enterprise Division (PED)
• Legal Services

MOF Operational Responsibilities

• The Preparation and Management of the Budget
• Financial Regulation & Anti-Corruption
• Public Service Establishment Oversight
• Managment of the Public Debt
• Public Sector Financial Management
• The Collection of Revenues
• Public Bodies Oversight