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​​​​​The Ministry​

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​​Mission and Vision​

Our Vision​

​​​​​​A model organization that promotes economic development, good governance, and social progress for all Mauritians through accountable, efficient, equitable and sustainable management of public finances; and that effectively markets Mauritius as a reputable financial centre and successfully attracts higher levels of investment.​


Our Mission

  • ​​To formulate and implement sound macroeconomic and fiscal policies to ensure sustainable economic and social development of the country and improve standard of living.
  • To ensure adequate allocation of funds and optimise reven​ue mobilisation, while providing the right incentives for economic growth and social development


 ROLES AND FUNCTIONS OF THE MINISTRY OF FINANCE, ECONOMIC PLANN​ING AND DEVELOPMENT

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The Ministry is responsible for formulating the Economic Development Policies and for the Economic Management of the Affairs of Government so as to achieve faster and sustainable economic development

​This Ministry is also responsible for the financial soundness of Government's economic policy and for the proper control of revenue and expenditure.  The Financial Secretary as Supervising Officer of ​ this Ministry has the responsibility to ensure that the functions of  this  Ministry are carried out economically, efficiently and effectively and its objectives duly achieved​

​The key functions of this  Ministry are defined as follows:​​


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  • ​Formulate Government economic reform strategy and coordinate its implementation;​

  • Develop macro fiscal framework and formulate fiscal policy;

  • Prepare the annual Budget Estimates in collaboration with Ministries/Departments

  • Develop and prepare, in consultation with other Departments, a Public Sector Investment programme (PSIP);

  • Provide support, through Sector Ministry Support Team (SMST), to Ministries / Departments in the formulation of their strategic plan, preparation, planning, execution and monitoring of their Performance Based Estimates;

  • Manage public sector debt with a view to minimizing cost, consistent with a prudent level of risk and develop active debt management strategies which also aim at supporting the development of a well-functioning market for government securities;

  • Coordinate  with  the  Bank  of  Mauritius  (BOM)  and  the  Financial  Services Commission (FSC) to regularly review and ensure the soundness and stability of the financial system;

  • Develop   cooperation   with   international   financial   institutions   and   mobilise financial resources and technical assistance;

  • Develop the  framework for the sound management of public finances and ensure implementation within set rules;​

  • Ensure the preparation of the annual accounts of Government;

  • Overs​ee,  through  the  parent  Ministry,  performance  of  parastatal  bodies  and compliance with legal financial requirements;

  • Monitor the performance of Mauritius Revenue Authority (MRA) and other major revenue collecting Departments; and

  • Maintain an updated Financial Management Kit and issue financial instructions to regulate financial procedures in Government.​​​.​



 


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