Ministry of Finance, Planning and Economic Development
Add a review FollowOverview
-
Founded Date January 1, 1900
-
Sectors Government
-
Posted Jobs 1
-
Viewed 23
Company Description
The Ministry of Finance, Planning and Economic Development (MoFPED) is the central government body in Uganda responsible for the formulation and implementation of the country’s fiscal and economic policies. Its primary mission is to ensure sustainable economic growth, maintain macroeconomic stability, and manage the national budget effectively. Operating from its headquarters in Kampala, the ministry acts as the chief architect of the national development plans, coordinating with various departments and international partners to mobilize the resources needed for public service delivery.
The leadership of the ministry includes the Minister of Finance, who is supported by several Ministers of State covering specific portfolios such as Planning, Investment and Privatization, and Microfinance. At the technical level, the Permanent Secretary and Secretary to the Treasury oversees the daily administration of the ministry and the execution of the national budget. The ministry is also responsible for managing Uganda’s public debt and ensuring that government spending aligns with the priorities laid out in the National Development Plan, such as infrastructure development and poverty alleviation.
A major focus of the ministry is the mobilization of domestic revenue through the oversight of the Uganda Revenue Authority and the promotion of both local and foreign investment. Through initiatives like the Parish Development Model, the ministry seeks to drive economic inclusion by bringing more citizens into the formal money economy. Additionally, it plays a critical role in regulating the financial sector and ensuring that public-private partnerships contribute to the overall industrialization and transformation of the Ugandan economy.
- Economic Planning: Developing long-term strategic frameworks to guide the country toward middle-income status and beyond.
- Budget Management: Coordinating the annual budget process, from resource allocation to the monitoring of departmental expenditures.
- Public Debt Oversight: Managing borrowing and repayment schedules to maintain the country’s financial credibility and sustainability.
- Revenue Policy: Formulating tax laws and non-tax revenue strategies to increase the government’s self-funding capacity.
- Investment Promotion: Creating an enabling environment for businesses through policy incentives and the supervision of the Uganda Investment Authority.