Ministry of Finance and Economic Development Ministry of Finance and Economic Development Ministry of Finance and Economic Development Ministry of Finance and Economic Development
     Ministry of Finance
  
Ministry of Finance and Economic Development Ministry of Finance and Economic Development
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     :: About us Ministry of Finance and Economic Development
 


Divisions

Domestic and International Finance

  • Mobilise domestic and international financial resources to finance Government programmes.
  • Ensure the efficient and effective management and coordination of donor assistance to Zimbabwe
  • Formulate Government domestic and external borrowing strategy in consultation with the Reserve Bank of Zimbabwe.
  • Process Government and project loan guarantee requests in consultation with other departments.
  • Monitor and evaluate donor funded projects and programs.
  • Provide policy advise to financial institutions.
  • Initiate financial sector policies.

Revenue

  • Conduct appraisal of public sector projects and programmes
  • Provide guidelines for the preparation of PSIP bids and for monitoring and evaluating projects and programmes
  • Prepare the capital budget
  • Process Government guarantee requests and project loan agreements in consultation with Department of Domestic and International Finance.
  • Monitor and evaluate Government projects and programmes.
  • Determine Recurrent Three Year Estimates for Expenditure for line Ministries consistent with national priorities.
  • Manage recurrent expenditure including donor funds in terms of the Audit and Exchequer Act.
  • Consider and recommend:
    Approval of any changes in conditions of service including revision of salaries and allowances applicable to all categories of officers and employees in the Public Services and the Uniformed Services and overall establishment control involving the creation, regarding, conversion and abolition of posts.
  • Advise Ministries on issues pertaining to expenditures.
  • Control the transfer of funds in terms of section 22.03 of the Audit and Exchequer Act.
  • Co-ordinate revenue policy formulation with stakeholders.
  • Analyse and review implications and the impact on the fiscus of tariff measures undertaken in the context of domestic, regional and international initiatives.
  • Prepare a statement of revenue measures and estimates for the annual budget.

Accountant General

  • Manage the Consolidated Revenue Fund and the National Development Fund.
  • Formulate and administer national accounting policy procedures and regulations.
  • Provide a common pool of professional and technical experts to advise all public sector organizations.
  • Ensure maximum efficiency in the usage of public financial resources and public property by evaluating and formulating up to date and effective systems of internal check and control.
  • Analyse the performance of parastatals and advise on matters of financial policy.
  • Develop , implement and monitor Government financial management systems.
  • Accounting and Management of National Debt.
  • Induction, training and monitoring of Government internal auditors.
  • Surveillance of Governemnt procurement and audit procedures. 

Economic Affairs

  • Formulate economic and budget policies in the short and medium term.
  • Review the performance of the economy through the use of appropriate analytical models.
  • Assess the impact of economic policies on the growth and development of the Zimbabwe economy.
  • Make forecasts of economic variables such as inflation, GDP. Balance of payments etc.

Finance, Administration and Human Resources

  • Provide financial and administrative support services.

Central Computing Services

  • Provide a central computer processing facility to Governments Departments and Trading Accounts. i.e. payroll, public financial management system, pensions, taxes and NSSA workmen's compensation.
  • Co-ordinate, monitor and advise on all information technology activities in the Civil Service i.e. Systems Requirement Analysis, preparing requirements for proposal documents, evaluation of Tenders, contract negotiations and project monitoring.

National Economic Conduct Inspectorate

  • Ensure that the country provides the best value for both imports and exports
  • Monitor that the country is not prejudiced in capital outflow through transfer pricing.
  • Prevent illicit trade, financial and economic malpractices.

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Ministry of Finance and Economic Development Ministry of Finance and Economic Development
   
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