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Vision
To be the centre of excellence in macro-economic policy formulation, coordination and stewardship of public resources to achieve sustainable socio-economic growth and development.
Mission
To formulate and coordinate sound macroeconomic policies, effectively mobilise, allocate, manage and account for public resources.
Core Values
Transparency
Professionalism
Integrity
Equity
Efficiency
Overall Functions of the Ministry
-To manage the Consolidated Revenue Fund, the National Development Fund and the public debt portfolio;
-Formulate and administer the National Accounting Policy;
-Formulate and administer the National Budget;
-Design and implement up to date and effective systems of internal check and control;
-Mobilise financial resources to finance Government Programmes;
-Facilitate and participate in the negotiations related to domestic and international mobilisation of resources;
-Collect revenue due to Government, in particular through the Zimbabwe Revenue Authority (ZIMRA);
-Analyse the performance of public enterprises and advise on matters of financial policy;
-Carry out macro-economic reviews and recommend policies that promote macro-economic stability necessary for sustainable economic growth and development;
-Give policy guidelines to the Reserve Bank of Zimbabwe;
-Administer the National Economic Conduct Inspectorate;
-Administer the Zimbabwe National Statistics Agency.
The Departments in the Ministry
1) Accountant General;
2) Debt Management Office;
3) Fiscal Policy and Advisory Services;
4) Expenditure Department;
5) Revenue Department;
6) Domestic and International Finance;
7) Finance, Administration and Human Resources;
8) Implementation and Control of Expenditure Unit;
9) National Economic Conduct Inspectorate;
10) Zimbabwe Statistical Agency;
11) Internal Audit; and
12) Legal Services.
Structure of the Ministry
The Ministry of Finance is headed by the Minister of Finance Dr Ignatius Morgen Chombo who was recently appointed to this portfolio. He has served as Minister of Home Affairs and Minister of Local Government, Public Works and Urban Development.
The ministry second in command and administrative head and Accounting Officer is the Permanent Secretary. The Permanent Secretary is assisted by four Principal Directors who head the following Departments:
Accountant General
Government Accounting Services
Consolidated Accounts and Policy
Aid Accounting, Funds and Parastatals
Budgets
Expenditure
Public Sector Investment Programme
Finance and Taxation
Domestic and International Finance
Revenue and Tax Policy
Debt Management Office
Resource Mobilisation
Debt and Risk Management
Settlements and Disbursements
The following Departments report directly to the Secretary:
-Internal Audit
-Fiscal Policy and Advisory Services
-Finance, Administration and Human Resources
-Implementation and Control of Expenditure Unit
-Legal Services
-National Economic Conduct Inspectorate
-Central Statistical Office
Parastatals Administered by the Minister
i) Reserve Bank of Zimbabwe
ii) Zimbabwe Revenue Authority (ZIMRA)
iii) Infrastructure Development Bank of Zimbabwe (IDBZ)
iv) Zimbabwe Economic Policy and Research Unit (ZEPARU)
v) Insurance and Pension Commission
vi) Securities Commission
Companies In Which The Ministry Has Shareholding
-ZB Financial Holdings
-ZIMRE
-CBZ
-Printflow (Private) Limited
-People’s Own Savings Bank
Adapted from http://www.zimtreasury.gov.zw
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