Finance and Economic Development

MISSION

To formulate, coordinate and monitor the implementation of national development plans, macro-economic policies, effectively Mobilise, Allocate, Manage and Account for public resources .

OVERALL FUNCTIONS

  • Coordinate development and production of the national and provincial economic development plans;
  • Undertake short, medium and long term projections and forecasts to guide macroeconomic policy formulation;
  • Coordinate the formulation and production of the National Budgets and supportive policies;
  • Formulate fiscal and other policy strategies including tax policies through the National Budget, Mid & Annual Term Fiscal Policy Review in support of overall economic activity, investment and trade;
  • Collect revenue due to Government, in particular through the Zimbabwe Revenue Authority (ZIMRA);
  • Mobilise domestic and international financial resources through the negotiation and conclusion of grant and loan agreements with private, bilateral and multilateral financial partners;
  • Allocate and manage public resources consistent with fiscal and macroeconomic objectives;
  • Manage and oversee public expenditure programmes and projects in liaison with Accounting Officers to ensure timeous, quality and value for money public service delivery;
  • Manage and administer Government payroll and Pensions payments systems;
  • Manage, account for and report for public resources, including among others, Consolidated Revenue Fund, Statutory Funds and other public funds;
  • Provide Government accounting services, manage the Public Finance Management System;
  • Manage the Public Debt portfolio;
  • Review public procurement systems and procedures in liaison with the Office of the President and Cabinet and State Procurement Board;
  • Oversee Ministries Internal Audit controls and consolidate Government Accounts;
  • Supervise the regulation of Insurance Companies, Pension Funds and Securities Market;
  • Monitor and curb capital flight, elicit foreign currency leakages, abuse of special financial facilities, in liaison with the Reserve Bank of Zimbabwe and other relevant Institutions; and
  • Oversight over the Reserve Bank of Zimbabwe, the Zimbabwe Revenue Authority, the Zimbabwe National Statistical Agency, Infrastructure Development Bank of Zimbabwe, Zimbabwe Economic Policy Analysis and Research Unit, State Enterprises Restructuring Agency, People‚Äôs Own Savings Bank