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What does the Ministry of Finance Do?

The Ministry Of Finance formerly Treasury is headed by a Chief Executive Office CEO (Financial Secretary) who is the primary economic and financial adviser to cabinet and government. More specifically, the Ministry Of Finance does the following activities:

  • Produce, implement and monitor the Annual Budget of the government.
  • Monitor all state owned enterprises (such as the Water Authority and the Electric Power Corporation) as well as sit on the boards of organizations where Government has a vested interest. (such as Computer Services Limited.)
  • Develop national economic strategies and plans.
  • Manage the government payroll.
  • Manage all government tenders and auctions.
  • Manage all government procurement and payments.
  • Manage the the maintenance of the main Government Building and the Women's Affairs complex.
  • Manage stamp duty.
  • Manage goverment funds in overseas banks.
  • Carry out audit investigations concerning government property and government employees.
  • Represent government in dealing with financial institutions such as the International Monetary Fund and the World Bank.
  • Manage the repayments of all government loans.
  • Manage the Government Wide Area Network.
  • This not include BDM and Statistics

Organization of the Ministry of Finance

Minister of Finance: Hon. Niko Lee Hang

Chief Executive Officer Financial Secretary: Ms. Hinauri Petana

Deputy Financial Secretary: Mrs. Lusia Sefo Leau 

  • Corporate & Strategic Services Division
  • Budget Division
  • Accounting & Financial Reporting Division
  • Information Technology Division
  • Internal Audit & Investigations Division
  • Legal Unit

Deputy Financial Secretary Deputy CEO: Mr. Iulai Lavea

  • Economic Policy & Planning Division
  • Finance Division
  • State Owned Enterprises Monitoring Division

Direct Report to the (Financial Secretary) CEO

  • Internal Audit & Investigations Division

Vision, Mission, Mandate, Ethics Statement

VISION
The Ministry of Finance to uphold its leading role in consolidating financial and socio-economic reforms for a vibrant Samoan economy.

MISSION                                                                                 To incorporate best practice in the provision of sound financial and socio-economic advice and delivery of services to all stakeholders.

MANDATE
The Ministry of Finance mandate derives from:

  • Part VIII of the Constitution of the Independent State of Samoa.
  • Ministerial and Departmental Arrangement Act 2003.
  • Public Finance Management Act 2001.
  • Public Bodies (Performance & Accountability) Act 2001 and Regulations
  • Statistics Act 1971
  • Births, Deaths and Marriages Registration Act 2002
  • Treasury Instructions 1977 & Regulations 1965
  • Stamp Ordinance 1932
  • Insurance Act 1976
  • Petroleum Act 1984
  • Strategy for the Development of Samoa.
  • Cabinet Directives.

ETHICS STATEMENT
To serve our clients promptly, honestly, fairly and with respect. To conduct Treasury business to the best of our ability, in confidence and with integrity.


© Copyright 2004 Samoa Ministry of Finance

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Last Updated: Aug 14th, 2008