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MOF Strategic Plan

The mid-term review of the Third Strategic Plan (2021/22 - 2025/26) incorporates recent changes in the Ministry of Finance (MoF) mandates and its organizational structure, and acknowledges significant progress made on agreed targets over the past three years. The updated plan considers lessons from the previous implementation of strategic initiatives to achieve the ministry's aspirations and national long-term development goals. Specifically, it provides the foundation for implementing the Ministry's core functions for the next two (2) fiscal years (2024/25 and 2025/26) and tracking performance criteria against set objectives in line with FYDP III (2021/22-2025/26). It aligns policy goals, priority interventions, and the new mandate to support public and private investments to boost economic growth. Additionally, through this plan, the Ministry aims to effectively coordinate the design, formulation, and implementation of fiscal and monetary policies that ensure overall macroeconomic stability.

To achieve our objectives and contribute to the national development agenda, the MoF remains steadfast in its commitment to strategic leadership in macroeconomic and public finance management. Our goal is to ensure effective and efficient utilization of both financial and non-financial resources. This involves designing, formulating, and implementing financial and fiscal policies that will address persistent structural economic challenges, arising from the spillover effects of COVID-19 and the aftermath of geopolitical conflicts, particularly the Russia-Ukraine and Israel-Palestine conflicts.

I thank the Permanent Secretary of the Treasury, the management team, the technical team, and other MoF stakeholders for their contributions to the review and setting the strategic direction of the Ministry. To achieve our objectives, I urge all stakeholders including ministry's staff, institutions, taxpayers, and the public at large to actively participate and support its implementation. I pledge my full support to successful implementation of this true north.

Download MoF Strategic Plan