Ministry of Finance Jamaica MOF - Kingston

The Ministry of Finance & the Public Service (MoF&PS), has overall responsibility for developing the Government’s fiscal and economic policy framework; collecting and allocating public revenues and playing an important role in the socio-economic development of the country in creating a society in which each citizen has every prospect of a better quality of life.

Vision Statement
A Centre of Excellence that enables Sustainable Growth and Development through Sound Policy, Planning and Quality Service Delivery.

Mission Statement
We combine professionalism and expertise in the pursuit of sound socio-economic and financial policies for the achievement of sustainable growth and development.

Core Values
The Ministry's customer service will be built on the following values (FIT  

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TEAM):

F - Fairness I - Integrity T - Teamwork T - Transparency E - Excellence A - Accountability M - Mutual Respect

Priority Goals

The priority goals of the Ministry are geared towards:

Enabling growth and national development through a sound and predictable macroeconomic policy framework that maintains low inflation, stable exchange rates and competitive interest rates;
Improving revenue administration by creating a simple, equitable, and competitive tax environment to ensure greater compliance and enhance growth;
Strengthening the level of financial accountability, and efficiency of the Public Sector;
Strengthening the capacity of the Ministry to effectively regulate financial institutions and combat financial crimes;
Improving the internal efficiency and effectiveness of the Ministry.

MOF Desired Outcomes

The cumulative effort and resources will result in four (4) key outcomes:

Stable Macro-Economy
Effectively Regulated Ministries, Departments and Agencies (MDAs), and Financial Institutions
Effectively Managed Public Funds
Satisfied Clientele

MOF Strategic Objectives
Enabling sound Monetary and Fiscal Policies
To reduce and maintain the national debt at sustainable levels
To create an efficient simple and equitable tax system
To ensure effective regulation of financial institutions
To prevent and manage enforcement of financial crimes and international terrorism
Rationalize remuneration and maintain a stable industrial relations climate in the Public Sector
Improved public financial management towards a higher level of transparency and compliance
To create a more efficient, effective and responsive service oriented Ministry

MOF Divisions
MOF through its operational responsibilities ensures that government pursues policies that facilitate: sustainable growth in the national economy, effective regulation of the country's financial institutions and cost-effective delivery of public services, through highly committed, competent and motivated employees. In achieving these objectives, MOF portfolio is administered through fourteen (14) divisions:

Public Expenditure (PEX)
Public Expenditure and Policy Coordination (PXPC)
Public Service Establishment (PSED)
Economic Management
Financial Regulations
Corporate Services
Taxation Policy
Financial Investigations (FID)
Revenue Protection (RPD)
Public Accountability Inspectorate( PAID)
Internal Audit
Finance and Accounts
Public Enterprise Division (PED)
Legal Services

MOF Operational Responsibilities
The Preparation and Management of the Budget
Financial Regulation & Anti-Corruption
Public Service Establishment Oversight
Managment of the Public Debt
Public Sector Financial Management
The Collection of Revenues
Public Bodies Oversight