Ministry of Finance

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Divisions

The Ministry headquarters provides leadership for the whole Ministry although the three Departments are operationally independent of the Ministry and have their own votes.

The Ministry headquarters has the following divisions/sections whose heads report to the Secretary to the Treasury.

Central Internal Audit Division

Background
Internal Audit Common Service was created by the Malawi Government in July, 2003 to improve in the use of public resources, reduce potential risks of corruption and financial mismanagement. It consists of the Central Internal Audit Unit (CIAU) which is under the Ministry of Finance and Internal Audit Units in Ministries and Departments. The CIAU recruits and train internal auditors and in addition coordinates, supervises and directs all Internal Audit activities in Government and ensures that Internal Audit adds value to the overall management of public resources.

Revenue Policy Division

The Revenue Policy Division was established in March 2006 with the responsibility of policy formulation and oversight as regards mobilization and management of Government revenue. Emanating from a Tax Policy Unit in the Economic Affairs Division, the division was formulated to expand its scope and emphasis from managing the mobilization of tax revenue to management of both tax and non-tax revenue due to the Government.

Debt and Aid Division

Background
The Debt and Aid Management Division (DAD) in the Ministry of Finance is the main agent of Government responsible for managing the foreign aid and public debt portfolios. The creation of DAD in 1997 brought under one umbrella all the debt and Aid management functions which were previously performed by various Government Departments and agencies such as the Accountant General, Ministry of Economic Planning and Development, Ministry of Finance, Ministry of Foreign Affairs and the Reserve Bank of Malawi. DAD comprises of four Units, three of which deal with various debt management functions from loan contraction, debt analysis and debt recording and payments.

Economic Affairs Division

Background
The Economic Affairs Division (EAD) is the Government’s think tank responsible for policy analysis on a wide range of issues including: fiscal and monetary policies, financial sector reforms, public enterprise management and economic integration. It coordinates the preparation and monitoring of national budget, the monitoring and analysis of macroeconomic performance especially relating to fiscal and monetary policies, the regulation of financial institutions and the coordination of development of regional economic policies.

General Administration & Supports Services Division

Headed by the Principal Secretary (Administration)

Purpose:
To provide general administrative support services to the Ministry.

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