About Us
The Ministry of Finance & the Public Service (MoF&PS), 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