Revised Medium Term Strategic Plan 2017-18 2020 - 2021

Abstract

The Ministry of Finance and Planning (MoFP) is responsible for economic and public finance management. The statutory functions of the Ministry are stipulated in the Government Notice No.144 published on 22nd April, 2016 and its amendment of 7th October, 2017. In that Instrument, the President established the Ministry of Finance and Planning which is mandated to formulate, manage, oversee and monitor implementation of Policies and Plans on Fiscal, Monetary, Financial, Public Procurement, Public -Private Partnerships and National Planning initiatives. Other key functions are: manage the level and composition of national public debt, national guarantees and other government financial obligations; design and prescribe an efficient financial management system; ensures that uniform accounting standards are applied by all public institutions and entities; develop policy and frameworks for the establishment, promotion and management of the government investments and assets; to prepare the National Budget, execute and control approved budgetary resources to MDAs, LGAs and other Government agencies or entities; develop policy and frameworks for mobilization of external resources and produce, coordinate, supervise, disseminate and manage official national statistics.