The Ministry

Our vision is a robust, effective and efficient Ministry of Finance with demonstrable capacity to efficiently manage public resources, ensure stable economic environment and attain the highest rate of economic transformation and poverty reduction worthy of emulation by other developing economies

To formulate sound economic policies, maximize revenue mobilization; ensure efficient allocation and accountability of public resources to achieve sustainable economic growth and development in the context of a stable macroeconomic environment

Mandate

The Ministry exercises its mandate in accordance with the principles of responsible financial management in order to ensure prudent, efficient, effective and transparent use of public funds and is guided by the following principles of responsible financial management:

1. Formulate and implement fiscal policies to achieve macroeconomic stability;
2. Achieve and maintain prudent levels of outstanding debt of the general government so as not to impose an inequitable burden on future generations and manage prudently the fiscal risks faced by Sierra Leone;
3. Achieve and maintain an appropriate balance between revenues and expenditures of the general government;
4. Manage extractive industries revenues in accordance with Part VI in order to contribute to transformational development and the fiscal responsibility principles specified in this section; and
5. Provide timely, reliable, and adequate information to the public on fiscal objectives, policies, data, and risks to ensure transparency in the budgetary and financial management of the general government and public enterprises.

To fulfill its mandate, pursue the vision and accomplish the mission, MoF will be guided by the following core values:

Cores	Attributes
Professionalism	We consistently demonstrate competence, knowledge, resourcefulness, quality, cooperation and a positive attitude in providing our professional services.
Result oriented	We embrace a goal-oriented culture that focuses on outcomes and drives accountability and growth.
Efficiency and effectiveness	We continuously seek effective and efficient ways in public financial management.
Accountability	We are responsible for all of our actions and we are aware of consequences when duties and commitment are not met.
Transparency	We disclose how public services are managed together with the cost and performance of specific services which are open to public scrutiny in all actions taken in public office.
Teamwork	We create effective working relationships with team members by treating others fairly, maintaining an approachable atmosphere, sustaining open and honest two-way communication, and involving others in decision-making processes when appropriate.
Integrity	We conduct business honestly and ethically, expect and exemplify trust, respect, fairness and high character.
Innovativeness	We are driven by continuous improvement and unique cutting-edge concepts that optimize results by working better and smarter.

Strategic objective 1: To increase domestic revenue mobilisation from 12.6% of GDP in 2017 to 20% by 2023

Strategic Objective 2: To improve on Expenditure Management and Control

Strategic objective 3: To strengthen fiscal risk management and fiduciary oversight of MDAs, SOEs and public sector projects

Strategic Objective 4: To Strengthen Research capability of MOF and policy formulation processes

Strategic Objective 5: Improve public debt management

Strategic Objective 6: To improve on the processes of budget preparation, execution and payment system

Strategic Objective 7: To Strengthen the Administrative, HR Management, ICT capability of the Ministry of Finance for effective service delivery.

Strategic Objective 8: To strengthen Fiscal Decentralization for improved service delivery at the sub-national level