Office of The PRime Minister

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welcome
welcome
welcome
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The Ministry
Of Finance
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Customs
Treasury
Data Processing
Economics
Revenue
Budget
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THE MINISTRY
To advise on and to efficiently and
effectively implement the Government Fiscal Policy
Accuracy, Analysis, Follow-through
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THE MINISTRY

• Prudent management of the Governments financial
  resources.

• Provide support and advice on the most
  appropriate fiscal, tax and economic policies
  with the aim of maximizing sustainable economic
  growth and development.

• Assist in the development and management of the
  Governments Budget - a major aspect of the
  Ministrys function.

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BUDGET SECTION
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REVENUE SECTION

• Monitors and reviews the revenue system and
  procedures being used by assigned Government
  Agencies.

• Ensures compliance with established regulations
  and directives for efficient and effective
  revenue administration.

• Reviews applications for duty free exemptions.

• Prepares estimates of Revenue for the annual
  budget.

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ECONOMICS SECTION
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DATA PROCESSING UNIT
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INTERNAL AUDIT

• Assists management in the effective discharge of
  its responsibilities.

• Conducts independent appraisals within the
  Ministries and Departments to

• Ensure adherence to management policies and
  directives

• Prevent waste

• Safeguard assets

• Secure as far as possible the completeness and
  accuracy of records and information flow.

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CUSTOMS DEPARTMENT
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TREASURY DEPARTMENT

• Maintains and continuously develop an efficient
  accounting system for the Government in a timely
  and accurate manner.
• Maintains the Governments valued credit
  reputation by ensuring compliance with the terms
  of the Governments Debt instruments.
• Effectively administers the payroll and pension
  system for the employees and pensioners of the
  Government service and provides for punctual and
  correct payments.
• Ensures accountability over all the accounting
  operations in Government Ministries and
  Departments, through technical supervision and
  control.

To account, monitor, control and carry out
Governments policy relative to Revenue and
Expenditure of the Public Service
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TREASURY DEPARTMENT CONTD

• Strives to improve the efficiency of the
  Governments accounting service with the total
  support of the Minister of Finance and the
  Financial Secretary.
• Administers the requisite provisions of the Stamp
  Act.
• Executes the Budget as laid out by statutory
  requirements
• Produces financial information in a timely and
  efficient manner.
• Continues to promote quality service to the
  public at large.

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COMPLIANCE COMMISSION

• Ensures that Financial Institutions have verified
  the identity of all accounts-holders including
  joint-holders, where applicable.
• Ensures that verification of identity for
  occasional transactions in excess of 10,000 is
  secured before that transaction is permitted and
  that the verification takes place as soon as
  practicable where a structured transaction is
  suspected

• Ensures that the identity of third parties is
  verified at the appropriate time and in the
  prescribed manner.
• Ensures that records of transactions and
  verification are being maintained.
• Ensures that Suspicious Transactions Reports are
  being made in the appropriate circumstances and
  manner.

• Ensures that internal reporting procedures are
  being observed, the appointment of Money
  Laundering Reporting Officers and Compliance
  Officers have been made and that a training
  programme consistent with the F.I.U guidelines is
  in effect and is being maintained.