Lesotho

Our Vision

To be a world-class institution in macroeconomic and Public Finance Management, be accountable and of service to Basotho by 2020.

Our Mission

The Ministry is committed to provide quality service that promotes macro-fiscal stability through effective and efficient utilization and management of public funds to meet the clientele needs. These services will be delivered with integrity, through effective teamwork and collaboration with other stakeholders, professionalism and responsiveness.

Our Goals

In today’s ever-changing and developing world, it is necessary that public management and services be restructured in order to maintain economic stability and development, particularly for young economies such as Lesotho, and to overcome the problems experienced. This transformation will inevitably cover improvement of the quality of services in a beneficiary-oriented manner and regulation of current public management so as to be more transparent, accountable and rational. Since its inception, the Ministry of Finance, having undertaken the leading role in many innovations in public management, desires to be a leader in public transformation process through adopting the new approaches in public financial management and thereby to continuously increase the added value it provides to the country. In order to be more effective, the Ministry will have to focus on the following goals:

  • Strengthen macroeconomic management so as to support shared and inclusive growth.

  • Improve domestic and external revenue policies and management to support a competitive, efficient and equitable revenue regime.

  • Strengthen planning, budgeting, monitoring and accountability systems to deliver timely, efficient and effective use of public funds.

  • Put in place and enforce an effective PFM legal framework and systems to ensure transparency and value for money in use of public funds.

  • Improve the investment climate and access to support private sector growth and job creation.

  • Increase opportunities for stakeholders to understand, participate in and contribute to budget policies and decisions.

Our Core Values

We recognise that the Ministry of Finance is the sum total of all the individuals who are involved in the day to day running of the Ministry. It is against this backdrop that we individualise the core values.

Collaboration/Team Work

Each individual official contributes to the completion of assigned projects and recognizes the contributions of others. We shall win as a team and succeed as a team

Integrity

Each individual ensures that clients are provided with reliable and objective analysis and advice and that their rights to privacy are protected.

Professionalism

Each individual is committed to providing quality services through the efficient use of our resources.

 

Read More

Mauritius

MAIN OBJECTIVES
To maintain the accounts of government, to prepare annual financial statements and to ensure that accounting systems respond to government’s needs for the proper processing, recording and accounting of financial transactions and for financial reporting.

·         To monitor the cash flow positions of government and to ensure that adequate funds are available to meet government’s payment obligations in the most cost-effective way.
·         To manage the dispensing of loans and passage benefits to government employees, as well as the payment of public service pensions and other retiring allowances, in accordance prescribed rules, laws and regulations.
·         To operate as government’s main payment centre and to ensure that all payments of government are executed efficiently and in a timely manner.
Read More

Namibia

The Ministry of Finance is responsible for issues concerning central government finances, including coordination of the central government budget, forecasts and analyses, tax issues, and management and administration of central government activities. The Ministry is also responsible for matters concerning financial markets and consumer legislation.

VALUES

The values of the Ministry of Finance

INTEGRITY

We shall be honest, fair, respectful, transparent and consistent.

LOYALTY

We shall be committed to hard work and ensure that our actions are dedicated to the priorities and objectives

of the Ministry.

ACCOUNTABILITY

We shall be answerable for our actions and responsive to our stakeholders.

COMPETENCY

Wee continuously improve on knowledge, skills and attitude and ensure quality service delivery.

Read More

Tanzania

The Vision of the Ministry

High economic growth and macro-economic stability, sound financial management and accountability achieved and sustained.

The Mission of the Ministry

The mission of the Ministry of Finance and Economic Affairs is to achieve and maintain high economic growth, macro-economic stability, sound financial management through development of robust fiscal and monetary policies and enhancing professionalism and promote the use of Information Technology (IT).

The following were agreed to be the Core Values of the Ministry:-

  • Innovativeness
  • Professionalism
  • Customer focused
  • Commitment to work
  • Efficiency
  • Participatory management
  • Teamwork
  • Timely service delivery
  • Integrity
Read More

South Africa

The National Treasury is responsible for managing South Africa’s national government finances. Supporting efficient and sustainable public financial management is fundamental to the promotion of economic development, good governance, social progress and a rising standard of living for all South Africans. The Constitution of the Republic (Chapter 13) mandates the National Treasury to ensure transparency, accountability and sound financial controls in the management of public finances.

The National Treasury’s legislative mandate is also described in the Public Finance Management Act (Chapter 2). The National Treasury is mandated to promote government’s fiscal policy framework; to coordinate macroeconomic policy and intergovernmental financial relations; to manage the budget preparation process; to facilitate the Division of Revenue Act, which provides for an equitable distribution of nationally raised revenue between national, provincial and local government; and to monitor the implementation of provincial budgets.

As mandated by the executive and Parliament, the National Treasury will continue to support the optimal allocation and utilisation of financial resources in all spheres of government to reduce poverty and vulnerability among South Africa’s most marginalised.

Over the next 10 years National Treasury priorities include increasing investment in infrastructure and industrial capital; improving education and skills development to raise productivity; improving the regulation of markets and public entities; and fighting poverty and inequality through efficient public service delivery, expanded employment levels, income support and empowerment.

Read More