Jan 20, 2017 Last Updated 5:17 PM, Jan 16, 2017

What We Do

About Us

The Ministry of Finance & Public Service (MOFPS), 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

Priority Goals

The priority goals of the Ministry are geared towards:

Enabling growth and national development through a sound and predictable macroeconomic policy framework that maintains low inflation, stable exchange rates and competitive interest rates;
Improving revenue administration by creating a simple, equitable, and competitive tax environment to ensure greater compliance and enhance growth;
Strengthening the level of financial accountability, and efficiency of the Public Sector;
Strengthening the capacity of the Ministry to effectively regulate financial institutions and combat financial crimes;
Improving the internal efficiency and effectiveness of the Ministry.

MOF Desired Outcomes

The cumulative effort and resources will result in four (4) key outcomes: 

  • Stable Macro-Economy
  • Effectively Regulated Ministries, Departments and Agencies (MDAs), and Financial Institutions
  • Effectively Managed Public Funds
  • Satisfied Clientele

 

01MOF Strategic Objectives

  • Enabling sound Monetary and Fiscal Policies
  • To reduce and maintain the national debt at sustainable levels
  • To create an efficient simple and equitable tax system
  • To ensure effective regulation of financial institutions
  • To prevent and manage enforcement of financial crimes and international terrorism
  • Rationalize remuneration and maintain a stable industrial relations climate in the Public Sector
  • Improved public financial management towards a higher level of transparency and compliance
  • To create a more efficient, effective and responsive service oriented Ministry

 

02MOF 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

 

03MOF 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

Ministry of Finance & Public Service

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