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Ministry of Finance Strategic Plan 2023-2026

Ministry of Finance Strategic Plan 2023-2026 forms a roadmap to accelerate government performance through financial empowerment, sustainability, innovation, and future foresight, financial leadership and sustainable development. It encompasses three strategic goals. They are to enable financial performance excellence in the federal government, ensure fiscal sustainability for an inclusive future, and strengthen national financial resilience.

We launched The Ministry of Finance strategy 2023 - 2026 in line with the UAE’s vision and with its leadership’s aspirations. In accordance with this national strategy, the Ministry will adopt international best practices and solidify its pioneership and excellence. It will work… pic.twitter.com/tqvX5skFrI — Maktoum Bin Mohammed (@MaktoumMohammed) August 6, 2023

Strategic goals

The plan encompasses three strategic goals. They are to:

1. Enable financial performance excellence in the federal government through:

1. designing a public finance roadmap and strengthening analytical capabilities

2. ensuring effective financial management.

2. Ensure fiscal sustainability for an inclusive future, through:

1. the management of public debt

2. designing balanced tax policies that are aligned with local and international developments.

3. Strengthen national financial resilience, through:

1. the development of a framework for emergency response and financial recovery

2. establishing a programme for collaboration with international ministries of finance in the field of public finance.

Main objectives

The Strategic Plan 2023-2026 outlines four main objectives and their related periodic tasks as follows:

developing the federal government’s financial planning
strengthening the sustainability of public finances and risk management
preparing and reviewing financial laws and policies.
managing and supervising the government’s financial committees and interests in companies, institutions and organisations
enhancing the competitiveness of the business environment.
promoting international financial interests
utilising the opportunities and advantages of joint Gulf financial and economic integration
developing and strengthening international tax relations.
To enhance trust and transparency through:
improving and developing mechanisms for budget planning and implementation
managing and governing financial data
preparing and managing the federal government’s financial operations
managing the government procurement platform.

Enablers of the plan

The Strategic Plan 2023-2026 outlines two key government enablers.

developing financial leaders and future skills
designing a framework for attracting and retaining talents
developing the ministry’s artificial intelligence framework.

To achieve the objectives of the first government enabler, along with its strategic projects, several periodic tasks have been identified:

managing financial resources and procurement efficiently in line with international best practices
implementing best human resources practices and international best practices in leadership
establishing quality standards and institutional excellence
ensuring effective internal and external communication
setting and developing the strategic plan
measuring performance
providing the best legal services, advanced IT services and common services for all organisational units with high efficiency.
Promoting innovation practices based on agility, pre-emption and readiness at the workplace. This enabler includes one strategic project focused on the consolidation of best practices in innovation and change management. It also includes two periodic tasks:
managing institutional innovation
conducting future foresight.

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Sheikh Maktoum launches Ministry of Finance Strategic Plan 2023-2026

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Plan outlines six values that will help achieve three strategic goals

Dubai: Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, announced the launch of the Ministry of Finance’s Strategic Plan 2023-2026, on Sunday.

It is a roadmap to accelerate government performance through financial empowerment, sustainability, innovation, and future foresight, financial leadership and sustainable development.

“We will develop and implement sustainable financial policies to promote economic growth, create a competitive business environment, strengthen international economic relations and build trust and transparency,” Sheikh Maktoum said.

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“The ministry will pursue excellence in federal government work. In a fast-changing world, we will ensure our economy is resilient and agile, ensuring long-term national goals are met. From human capital and legislative structures to the local business environment, financial policies, international relations and global partnerships, our plan sets out realistic medium-term goals. It will also empower government enablers to drive implementation of our strategic initiatives.

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, emphasised that the ministry will play an influential role in resource allocation to support policymaking and efficient planning.

“The Ministry of Finance has maintained its position as a thought leader despite the global economy’s challenges,” he said. “Our proactivity in financial sustainability management and commitment to capacity building have contributed to introducing a new approach to major financial affairs. This approach includes developing and implementing sustainable and forward-looking financial policies, managing and developing the financial resources of the federal government, strengthening the representation of the UAE’s financial interests globally, and building excellent internal financial capabilities. This has strengthened the nation’s global leadership in public finance and sustainable development.”

The strategic plan includes six values: building team spirit, achieving leadership and excellence, ensuring integrity and transparency, enhancing agility in financial work management, and achieving high level of wellbeing, and equality in work environment.

There are also six other guidelines, including the internal and external factors impacting the ministry’s performance, the results of customer satisfaction surveys, the basic qualifications of the ministry, the available strategic resources and capabilities, internal strengths and weaknesses as well as opportunities and external risks, in addition to international best practices in financial resources management.

Three strategic goals

The plan also includes three strategic goals. Firstly, enable financial performance excellence within the federal government through two initiatives - designing a public finance roadmap and strengthening analytical capabilities, and ensuring sound financial management.

Second, ensure fiscal sustainability for an inclusive future. This will be driven by two initiatives - managing public debt, and designing balanced tax policies that are aligned with local and international developments.

Thirdly, strengthen national financial resilience. Two initiatives will enable this goal - designing a framework for emergency response and recovery in finance, and developing a programme for cooperation with international ministries of finance in the field of public finance.

The strategic plan has four main goals with periodic tasks. First, developing a sustainable fiscal policy through three tasks - developing the federal government’s financial planning; strengthening sustainability of public finances and risk management; and preparing and reviewing financial laws and policies. Second, fostering strong economic growth and a competitive business environment by - managing and supervising the government’s financial committees and interests in companies, institutions, and organisations; enhancing the competitiveness of the business environment. Third, promoting international economic and financial corporation through three tasks - promoting international financial interests; utilising the opportunities and advantages of joint Gulf financial and economic integration; and developing and strengthening international tax relations. Lastly, enhancing trust and transparency through four tasks - improving and developing mechanisms for budget planning and implementation; managing and governing financial data; preparing and managing the federal government’s financial operations; and managing the government procurement platform.

Government enablers

There’s also a plan for government enablers. Under the goal to attract and enable talents and provide effective and efficient institutional services and digital structure, there are three strategic projects - financial leaders and future skills, designing a framework for attracting and retaining talents, and developing the ministry’s artificial intelligence framework.

To achieve the first government enabler, along with its strategic projects, 10 periodic tasks were identified - managing financial resources and procurement efficiently in line with international best practices; applying best human resources practices and international best practices in leadership; setting quality standards and institutional excellence; ensuring internal and external communication; setting and developing the strategic plan; measuring performance; providing the best legal services ; providing the latest IT services; providing common services for all organisational units with high efficiency.

The second government enabler - promoting innovation practices based on agility, preemption, and readiness at the workplace - includes one strategic project - the consolidation of best practices in innovation and change management. It also includes two periodic tasks - managing institutional innovation, and future foresight.

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></center></p><h2>MoF Strategy</h2><p>Mof strategic plan 2023-2026, an ambitious strategy for a promising future, mof strategic goals.</p><p>In line with the vision of the UAE government, the Ministry of Finance prepared its strategic plan 2023-2026 in line with future plans and aspirations and in harmony with national and global trends The Ministry was keen to focus on financial empowerment, sustainability, national flexibility, foresight, innovation and artificial intelligence to enhance the march of excellence and improve work in the federal government</p><p>Global leadership in public finance and sustainable growth</p><p>Management of financial resources for the federal government and its development through sustainable and sustainable financial policies, representing the financial interests of the state at the international level and building distinguished internal capabilities</p><p>We work as one integrated team, diverse skills and competencies, which sustains the spirit of support and cooperation in a work environment that prevails in respect and the atmosphere of the same family, and we adopt effective communication, flexibility and justice.</p><p>We work to be an example to be followed in all areas of our work and we adhere to the highest international standards and outperform the best practices in order to achieve achievements that take us towards the future.</p><p>We have the ability to anticipate, anticipate and respond to continuous changes, by introducing new strategies and preparing to face rapidly emerging opportunities.</p><p>We focus on achieving the results and outputs that delight all the categories of those concerned, and contribute effectively to achieving the happiness of individuals and society and enhancing the quality of their lives in a sustainable way.</p><p>We adhere to the environment of work that allows symmetry among everyone in rights and duties without discrimination, and we provide equal treatment for all categories of those concerned.</p><p>We adhere to a work environment that allows openness to work teams and adopts the ease of communication and free exchange of information and ideas, and we adopt the clarity of procedures and operations to support trust between employees, raise self -censorship and enhance integrity.</p><h2>First Strategic Goal</h2><p>Strategic projects related to the goal</p><ul><li>Designing a public finance roadmap</li><li>Enhance analytical capabilities and ensure sound financial management</li></ul><h2>Second Strategic Goal</h2><ul><li>Manage public debt</li><li>Design balanced tax policies that are up to date with the local and international developments</li></ul><h2>Third Strategic Goal</h2><ul><li>Design Financial Emergency Response and Recovery Framework</li><li>Developing a program of cooperation with financial ministries worldwide in the field of public finances</li></ul><p>Periodic tasks associated with the goal</p><ul><li>Develop the financial planning of the federal government</li><li>Ensure fiscal sustainability and manage risk</li><li>Prepare and review financial laws and policies</li></ul><h2>Second Goal</h2><ul><li>Management and follow-up of committees and government financial interests in companies, institutions and organizations.</li><li>Enhance the competitiveness of the business environment</li><li>Promote financial interests at the international level</li><li>Activate the opportunities and advantages of joint GCC financial and economic integration</li><li>Develop and strengthen relations in international tax issues</li></ul><h2>Fourth Goal</h2><ul><li>Improve and develop mechanisms and tools for budget preparation and implementation</li><li>Manage and govern financial data</li><li>Prepare and manage the financial operations of the federal government</li><li>Manage digital procurement platform</li></ul><h2>Government Enablers</h2><p>Attract and enable talents and provide effective and efficient institutional services and digital structure.</p><ul><li>MoF Leaders & Future Skills</li><li>Design a framework to attract and retain competencies and talents</li><li>Develop MoF AI framework</li><li>Manage financial resources efficiently and effectively</li><li>Procurement management according to international best practices</li><li>Applying best human resource practices</li><li>Ensuring the application of quality standards and institutional excellence</li><li>Ensure the achievement of internal and external communication</li><li>Applying global best practices in leadership</li><li>Developing and developing the strategic plan and measuring performance</li><li>Providing the best legal services</li><li>Providing the latest information technology services</li><li>Providing common services to all organizational units with high efficiency</li></ul><h2>Promote innovation practices based on agility, preemptiveness and readiness at the workplace</h2><ul><li>Establish best in class innovation and change-management practices</li><li>Corporate innovation management</li><li>Forecasting the future</li></ul><h2>About Ministry</h2><ul><li>Role of the Ministry of Finance</li><li>The Ministry</li><li>List Item #3</li></ul><p><center><img style=

UAE: Ministry of Finance announces strategic plan for 2023-2026

The plan will develop financial policies to promote economic growth, create a competitive business environment and strengthen international economic relations

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, has launched the Ministry of Finance’s Strategic Plan 2023-2026.

The roadmap aims to accelerate government performance through financial empowerment, sustainability, innovation, and future foresight, financial leadership and sustainable development, reported state news agency, WAM .

The four-year strategic plan aligns with the objectives of the UAE Centennial Plan 2071 .

Sheikh Maktoum said: “We will develop and implement sustainable financial policies to promote economic growth, create a competitive business environment, strengthen international economic relations and build trust and transparency.

Ministry’s strategic plan to look at resource allocation

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, emphasised that the ministry will play an influential role in resource allocation to support policymaking and efficient planning, as part of the strategic plan.

The ministry’s strategic plan include six values – building team spirit, achieving leadership and excellence, ensuring integrity and transparency, enhancing agility in financial work management, and achieving high level of wellbeing, and equality in work environment.

The Strategic Plan 2023-2026 includes three goals:

To enable financial performance excellence within the federal government through two initiatives – designing a public finance roadmap and strengthening analytical capabilities, and ensuring sound financial management.
To ensure fiscal sustainability for an inclusive future. This will be driven by two initiatives – managing public debt, and designing balanced tax policies that are aligned with local and international developments.
To strengthen national financial resilience. Two initiatives will enable this goal – designing a framework for emergency response and recovery in finance, and developing a programme for cooperation with international ministries of finance in the field of public finance.

The plan has four main goals with periodic tasks:

First, developing a sustainable fiscal policy through three tasks – developing the federal government’s financial planning; strengthening sustainability of public finances and risk management; and preparing and reviewing financial laws and policies.
Second, fostering strong economic growth and a competitive business environment by – managing and supervising the government’s financial committees and interests in companies, institutions, and organisations; enhancing the competitiveness of the business environment.
Third, promoting international economic and financial corporation through three tasks – promoting international financial interests; utilising the opportunities and advantages of joint Gulf financial and economic integration; and developing and strengthening international tax relations.
Lastly, enhancing trust and transparency through four tasks – improving and developing mechanisms for budget planning and implementation; managing and governing financial data; preparing and managing the federal government’s financial operations; and managing the government procurement platform.

Plan for government enablers

The strategic plan sets out a plan for government enablers. Under the goal to attract and enable talents and provide effective and efficient institutional services and digital structure, there are three strategic projects – financial leaders and future skills, designing a framework for attracting and retaining talents, and developing the ministry’s artificial intelligence framework.

To achieve the first government enabler, along with its strategic projects, 10 periodic tasks were identified.

These include managing financial resources and procurement efficiently in line with international best practices; applying best human resources practices and international best practices in leadership; setting quality standards and institutional excellence; ensuring internal and external communication; setting and developing the strategic plan; measuring performance; providing the best legal services ; providing the latest IT services; providing common services for all organisational units with high efficiency.

The second government enabler – promoting innovation practices based on agility, preemption, and readiness at the workplace – includes one strategic project – the consolidation of best practices in innovation and change management.

It also includes two periodic tasks – managing institutional innovation, and future foresight.

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Ministry of Finance launches four-year plan to support economic growth

Goals of strategic plan 2023-2026 are in line with uae centennial objectives.

The UAE's economy, the Arab world's second-largest, grew by 3.8 per cent on an annual basis in the first quarter of this year. AP

The Ministry of Finance has launched a four-year plan to help boost growth.

The strategic plan 2023-2026 also focuses on financial empowerment, sustainability, innovation, financial leadership as well as future foresight, the Dubai Media Office, said on Sunday, quoting Sheikh Maktoum bin Mohammed, Deputy Prime Minister, Minister of Finance and First Deputy Ruler of Dubai.

The strategic growth initiative is in line with the objectives of the UAE Centennial Plan 2071.

We launched The Ministry of Finance strategy 2023 - 2026 in line with the UAE’s vision and with its leadership’s aspirations. In accordance with this national strategy, the Ministry will adopt international best practices and solidify its pioneership and excellence. It will work… pic.twitter.com/tqvX5skFrI — Maktoum Bin Mohammed (@MaktoumMohammed) August 6, 2023

“In a fast-changing world, we will ensure our economy is resilient and agile, ensuring long-term national goals are met.”

The UAE's economy grew by 3.8 per cent on an annual basis in the first quarter of this year, boosted by its strong non-oil sector as it continues to push for diversification and long-term growth.

Gross domestic product in the three months to the end of March increased to Dh418.3 billion ($113.9 billion), from Dh403.3 billion a year ago, Abdulla bin Touq, Minister of Economy, said last week, quoting preliminary estimates from the Federal Centre for Competitiveness and Statistics.

The UAE economy is expected to expand by 3.3 per cent this year and 4.3 per cent next, according to the UAE Central Bank data .

The UAE's GDP grew by 7.9 per cent in 2022 , the most in 11 years, to Dh1.62 trillion at constant prices, supported by the non-oil sector.

“From human capital and legislative structures to the local business environment, financial policies, international relations and global partnerships, our plan sets out realistic medium-term goals. It will also empower government enablers to drive implementation of our strategic initiatives,” Sheikh Maktoum said.

The Ministry of Finance’s four-year plan includes three goals including boosting financial performance through designing a public finance road map, strengthening analytical capabilities, and ensuring sound financial management.

It also includes prioritising fiscal sustainability for an inclusive future through managing public debt and designing balanced tax policies.

We strive to align the temporary needs of the national economy with the rapid global changes, while considering the long-term national goals. These objectives must be achieved through accomplishments across all stages of financial operations. The Strategic Plan enhances the… pic.twitter.com/3Mgk18SOJi — وزارة المالية | الإمارات (@MOFUAE) August 6, 2023

The ministry said it will also focus on strengthening national financial resilience through a framework for emergency response and recovery in finance and developing a programme for co-operation with international ministries of finance, according to the statement.

The strategic plan also includes four main goals with periodic tasks. These include developing a sustainable fiscal policy through developing the federal government’s financial planning, strengthening sustainability of public finances and risk management and preparing and reviewing financial laws and policies.

Fostering strong economic growth and a competitive business environment as well as promoting international economic and financial co-operation through promoting international financial interests, utilising the opportunities and advantages of joint Gulf financial and economic integration and developing and strengthening international tax relations are also part of the goals.

Enhancing mechanisms for budget planning and implementation, managing and governing financial data; preparing and managing the federal government’s financial operations and managing the government procurement platform are also part of the goals.

“The Ministry of Finance has maintained its position as a thought leader despite the global economy’s challenges,” Mohamed Al Hussaini, Minister of State for Financial Affairs.

“Our proactivity in financial sustainability management and commitment to capacity building have contributed to introducing a new approach to major financial affairs.”

Last month, the UAE's Ministry of Finance has announced five major projects to improve government financial work aimed at further enhancing future readiness .

They include local supply strategies, transparency in climate data, corporate tax , public-private partnership and an e-billing system.

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Maktoum bin Mohammed announces Ministry of Finance Strategic Plan 2023-2026

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, today announced the launch of the Ministry of Finance’s Strategic Plan 2023-2026.

It is a roadmap to accelerate government performance through financial empowerment, sustainability, innovation, and future foresight, financial leadership and sustainable development. The Ministry of Finance’s four-year strategy is in line with the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and the objectives of the UAE Centennial Plan 2071. “We will develop and implement sustainable financial policies to promote economic growth, create a competitive business environment, strengthen international economic relations and build trust and transparency,” H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum said. “The Ministry will pursue excellence in federal government work. In a fast-changing world, we will ensure our economy is resilient and agile, ensuring long-term national goals are met. From human capital and legislative structures to the local business environment, financial policies, international relations and global partnerships, our plan sets out realistic medium-term goals. It will also empower government enablers to drive implementation of our strategic initiatives.

“We will prioritise attracting and empowering talent, providing efficient institutional services and AI-enabled digital infrastructure, applying best practices in human resources, leadership, quality standards, institutional excellence, and performance measurement. We will also encourage innovative practices based on flexibility, proactivity, and readiness to consolidate the best practices in institutional innovation and change management.” Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, emphasised that the Ministry will play an influential role in resource allocation to support policymaking and efficient planning. He explained that the Ministry is a centre of excellence and innovation in introducing the culture of financial hedging, and providing the public and private sectors with the tools and capabilities to support innovation in the UAE, making it a global model for best practices.

“The Ministry of Finance has maintained its position as a thought leader despite the global economy’s challenges,” He said. “Our proactivity in financial sustainability management and commitment to capacity building have contributed to introducing a new approach to major financial affairs. This approach includes developing and implementing sustainable and forward-looking financial policies, managing and developing the financial resources of the federal government, strengthening the representation of the UAE's financial interests globally, and building excellent internal financial capabilities. This has strengthened the nation’s global leadership in public finance and sustainable development.”

The Ministry’s strategic plan include six values – building team spirit, achieving leadership and excellence, ensuring integrity and transparency, enhancing agility in financial work management, and achieving high level of wellbeing, and equality in work environment. The vision of the wise leadership and the directions of the UAE strategic plan are the main guidelines for the Ministry’s Strategic Plan 2023-2026. There are also six other guidelines, including the internal and external factors impacting the ministry’s performance, the results of customer satisfaction surveys, the basic qualifications of the ministry, the available strategic resources and capabilities, internal strengths and weaknesses as well as opportunities and external risks, in addition to international best practices in financial resources management.

The Ministry of Finance’s Strategic Plan 2023-2026 includes three strategic goals. Firstly, enable financial performance excellence within the federal government through two initiatives – designing a public finance roadmap and strengthening analytical capabilities, and ensuring sound financial management. Second, ensure fiscal sustainability for an inclusive future. This will be driven by two initiatives – managing public debt, and designing balanced tax policies that are aligned with local and international developments. Thirdly, strengthen national financial resilience. Two initiatives will enable this goal – designing a framework for emergency response and recovery in finance, and developing a programme for cooperation with international ministries of finance in the field of public finance.

The Strategic Plan 2023-2026 has four main goals with periodic tasks. First, developing a sustainable fiscal policy through three tasks – developing the federal government’s financial planning; strengthening sustainability of public finances and risk management; and preparing and reviewing financial laws and policies. Second, fostering strong economic growth and a competitive business environment by – managing and supervising the government’s financial committees and interests in companies, institutions, and organisations; enhancing the competitiveness of the business environment. Third, promoting international economic and financial corporation through three tasks – promoting international financial interests; utilising the opportunities and advantages of joint Gulf financial and economic integration; and developing and strengthening international tax relations. Lastly, enhancing trust and transparency through four tasks – improving and developing mechanisms for budget planning and implementation; managing and governing financial data; preparing and managing the federal government’s financial operations; and managing the government procurement platform. The Strategic Plan 2023-2026 sets out a plan for government enablers. Under the goal to attract and enable talents and provide effective and efficient institutional services and digital structure, there are three strategic projects – financial leaders and future skills, designing a framework for attracting and retaining talents, and developing the Ministry’s artificial intelligence framework.

To achieve the first government enabler, along with its strategic projects, 10 periodic tasks were identified – managing financial resources and procurement efficiently in line with international best practices; applying best human resources practices and international best practices in leadership; setting quality standards and institutional excellence; ensuring internal and external communication; setting and developing the strategic plan; measuring performance; providing the best legal services ; providing the latest IT services; providing common services for all organisational units with high efficiency. The second government enabler – promoting innovation practices based on agility, preemption, and readiness at the workplace – includes one strategic project – the consolidation of best practices in innovation and change management. It also includes two periodic tasks – managing institutional innovation, and future foresight.

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06 May, 2022 SPEECH OF GOVERNMENT BUDGET FOR 2019-20
06 May, 2022 SPEECH OF GOVERNMENT BUDGET FOR 2018-19
06 May, 2022 HOTUBA YA BAJETI KUU MWAKA 2018-19
07 Jun, 2023 Hotuba ya Wizara ya Fedha na Mipango ya Makadirio ya Mapato na matumizi 2023-24
17 Feb, 2023 Hotuba ya Wizara ya Fedha na Mipango ya Makadirio ya Mapato na matumizi 2022-2023
17 Feb, 2023 Hotuba ya Wizara ya Fedha na Mipango ya Makadirio ya Mapato na matumizi 2021 - 2022
17 Feb, 2023 Hotuba ya Wizara ya Fedha na Mipango ya Makadirio ya Mapato na matumizi 2020 - 2021
17 Feb, 2023 Hotuba ya Wizara ya Fedha na Mipango ya Makadirio ya Mapato na matumizi 2016 - 2017
17 Feb, 2023 Hotuba ya Wizara ya Fedha na Mipango ya Makadirio ya Mapato na matumizi 2015 - 2016
17 Feb, 2023 Hotuba ya Wizara ya Fedha na Mipango ya Makadirio ya Mapato na matumizi 2014- 2015
17 Feb, 2023 Hotuba ya Wizara ya Fedha na Mipango ya Makadirio ya Mapato na matumizi 2006 - 2007
17 Feb, 2023 Hotuba ya Wizara ya Fedha na Mipango ya Makadio ya Mapato na matumizi 2018-2019
17 Feb, 2023 Hotuba ya Wizara ya Fedha na Mipango ya Makadio ya Mapato na matumizi 2017-2018
04 Nov, 2021 Budget Structure
03 Apr, 2024 BUDGET EXECUTION REPORT SECOND QUARTER FOR 2023_24
23 Jan, 2024 BUDGET EXECUTION REPORT Q1 2023-24
28 Nov, 2023 BUDGET EXECUTION REPORT FOR 2022_23 (JULY 2022 TO JUNE 2023)
31 May, 2023 THE BUDGET EXECUTION REPORT FOR THE THIRD QUARTER OF 2022/23 (JULY 2022 TO MARCH 2023)
11 Apr, 2023 THE BUDGET EXECUTION REPORT FOR THE SECOND QUARTER OF 2022/23
28 Nov, 2022 THE BUDGET EXECUTION REPORT FOR THE FIRST QUARTER OF 2022/23 (JULY TO SEPTEMBER 2022)
27 Sep, 2022 THE BUDGET EXECUTION REPORT FOR THE 2021/22 (JULY 2021 TO JUNE 2022)
02 Jun, 2022 THE BUDGET EXECUTION REPORT FOR THE THIRD QUARTER OF 2021/22 (JANUARY - MARCH 2022)
30 Apr, 2022 THE BUDGET EXECUTION REPORT FOR THE SECOND QUARTER OF 2021/22
29 Apr, 2022 BER Q1 2021- 22-FINAL
10 Oct, 2023 GOVERNMENT BUDGET CITIZENS’ EDITION 2023/2024
26 Jul, 2023 BUDGET INSIGHTS 2023_24
16 Aug, 2022 Citizen Budget 2022_23 English
03 Mar, 2022 GOVERNMENT BUDGET CITIZENS’ EDITION 2021/2022
02 Mar, 2022 GOVERNMENT BUDGET CITIZENS’ EDITION 2020/2021
01 Mar, 2022 GOVERNMENT BUDGET CITIZENS’ EDITION 2019/2020
28 Feb, 2022 GOVERNMENT BUDGET CITIZENS’ EDITION 2018/2019
25 Feb, 2022 GOVERNMENT BUDGET CITIZENS’ EDITION 2017/2018
20 Feb, 2022 GOVERNMENT BUDGET CITIZENS’ EDITION 2016/2017
Budget Books 2023/2024
Budget Books 2022/2023
Budget Books 2021/2022
Budget Books 2020
Budget Books 2018/2019
Budget Books 2015/2016
Budget Books 2014/2015
28 Aug, 2023 Vol II Recurrent Expenditure As Passed 2023.24
28 Aug, 2023 Vol III Recurrent Expenditure As Passed 2023.24
28 Aug, 2023 Vol IV Development Expenditure As Passed 2023.24
04 Apr, 2023 VOL II Recurrent Expenditure As Submitted 2023-24
04 Apr, 2023 VOL III Recurrent Expenditure As Submitted 2023-24
04 Apr, 2023 VOL IV Development Expenditure As Submitted 2023.24
07 Nov, 2022 VOLUME I REVENUE_ESTIMATES_2022_23 AS PASSED BY THE PARLIAMENT
10 Oct, 2022 As Passed Volume II 2022_23
10 Oct, 2022 As Passed Volume III 2022_23
10 Oct, 2022 As passed Volume IV 2022_23
19 Jul, 2022 Revenue_estimates_22_23
07 Jun, 2022 VOLUME II As Submitted 2022_23
07 Jun, 2022 VOLUME III As Submitted 2022_23
07 Jun, 2022 VOLUME IV As Submitted 2022_23
29 Jun, 2022 VOLUME IV AS PASSED BY PARLIAMENT 2021.22
01 Jun, 2022 VOLUME II AS PASSED BY PARLIAMENT 2021.22
31 May, 2022 VOLUME III AS PASSED BY PARLIAMENT 2021.22
07 Mar, 2022 VOLUME II ESTIMATES OF PUBLIC EXPENDITURES AS PASSED BY THE PARLIAMENT 2021.2022 (MINISTERIAL)
06 Mar, 2022 VOLUME III ESTIMATES OF PUBLIC EXPENDITURES AS PASSED BY THE PARLIAMENT 2021.2022 (REGIONAL)
05 Mar, 2022 VOLUME IV PUBLIC EXPENDITURE ESTIMATES DEVELOPMENT VOTES AS PASSED BY THE PARLIAMENT 2021.2022 (Ministerial and Regional Development Programmes)
04 Mar, 2022 VOLUME I Financial Statement & Revenue Estimates for the year from 1 July 2021- to 30th June 2022
03 Mar, 2022 VOLUME II Estimates of Public Expenditure Consolidated Fund Services and Supply Votes (Ministerial) - 2021.22
28 Feb, 2022 VOLUME III Estimates of Public Expenditure Supply Votes (Regional) - 2021-22
27 Feb, 2022 VOLUME IV Public Expenditure Estimates Development Votes (Ministerial and Regional Development Programmes ) - 2021.22
Content not found
03 Mar, 2022 VOLUME I - FINANCIAL STATEMENT AND REVENUE ESTIMATES 2018-19
02 Mar, 2022 volome II 2018_19
28 Feb, 2022 Volume III 2018_19
27 Feb, 2022 volome IV 2018_19
26 Feb, 2022 KITABU CHA MKAKATI WA KUZIWEZESHA HALMASHAURI KUJITEGEMEA KIMAPATO
03 Mar, 2022 volome II
02 Mar, 2022 volome III
01 Mar, 2022 Volume IV
03 Mar, 2022 Volume II -as passed 2014-15
02 Mar, 2022 Volume III -as passed 2014-15
01 Mar, 2022 volume IV-as passed 2014-15
17 Feb, 2023 MICROFINANCE Policy - Fedha English
17 Feb, 2023 PPP Policy 2009
13 Mar, 2023 MAPENDEKEZO YA SERIKALI YA MPANGO WA MAENDELEO WA TAIFA WA MWAKA 2023/24 NA MFUMO NA UKOMO WA BAJETI YA SERIKALI KWA MWAKA 2023/24
17 Feb, 2023 HOTUBA YA HALI YA UCHUMI WA TAIFA KATIKA MWAKA 2021 NA MPANGO WA MAENDELEO WA TAIFA WA MWAKA 2022-23
11 May, 2023 REPORT BY THOSE CHARGED WITH GOVERNANCE AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE, 2022
25 Oct, 2022 Financial statements and compliance audit of public debt and general service (vote 22) for the financial year ended 30 June 2021
25 Oct, 2022 Financial statements of public debt and general services (vote 22) for the financial year ended 30 June, 2020
25 Oct, 2022 Financial statements of public debt and general services (vote 22) for the financial year ended 30 June, 2019
10 Jun, 2022 CONSOLIDATED FINANCIAL STATEMENTS 30 JUNE 2021
03 Mar, 2022 Audited Consolidated Financial Statements for the year ended 30th June, 2020"
02 Mar, 2022 Audited Consolidated Financial Statements for the year ended 30th June, 2019"
28 Feb, 2022 Audited Consolidated Financial Statements for year ended 30th June, 2018
27 Feb, 2022 Audited Consolidated Financial Statements for year ended 30th June, 2017
17 Feb, 2023 Enhanced-SP-Portal-User Manual
17 Feb, 2023 GePG-Helpdesk-User-Manual
17 Feb, 2023 GePG-LUKU-Portal-User-Manual
17 Feb, 2023 GePG-POS-APP-USER-MANUAL
17 Feb, 2023 GEPG-RECONCILIATION-TOOL-USER-MANUAL
28 Jul, 2023 ECONOMIC SURVEY REPORT -2023-24
15 Jun, 2023 ECONOMIC SURVEY 2023
14 Jun, 2023 ECONOMIC SURVEY 2022.
14 Jun, 2023 KITABU_CHA_HALI_YA_UCHUMI_WA_TAIFA_KATIKA_MWAKA_2022
14 Jun, 2022 HALI YA UCHUMI WA TAIFA 2021
12 Jun, 2022 Hali ya Uchumi wa Taifa 2020
28 Feb, 2022 HALI YA UCHUMI WA TAIFA KATIKA MWAKA 2018
27 Feb, 2022 HALI YA UCHUMI WA TAIFA KWA MWAKA 2017
15 May, 2022 Approved PPP Regulations, 2020
15 May, 2022 Kiswahili Exec Summary Mainalnd ESMF FINAL FROM WB REVIEW
15 May, 2022 PPP ACT RE 2018
15 May, 2022 PPP Policy 2009
22 Sep, 2022 TCRP Q3 FINAL REPORT FOR WEB
01 Jun, 2022 TCRP 1st Quarter Progress Report_Ver 14022022_WEB
23 May, 2022 IMPLEMENTATION OF THE TANZANIA COVID-19 SOCIOECONOMIC RESPONSE AND RECOVERY PLAN (TCRP)
03 Oct, 2023 VOLUME I REVENUE ESTIMATES AS PASSED 2023-24
06 Apr, 2023 volume I as Submitted to the National Assembly 2023.24

The Third Strategic Plan 2021/22 - 2025/26 acknowledges the progress made in the previous strategic plans, lessons learnt and national's aspiration to be a globally competitive and prosperous country with a high quality of life in 2025. The previous plans have been instrumental in policy formulation and its execution. The second Plan, in particular, sustained macroeconomic stability, facilitated massive investment in infrastructures, propelled public financial management reforms and ensured more financial resources are transferred to Local Government Authorities amid effects of COVID -19 pandemic. In the same period, the Ministry remained focused to provide strategic leadership in public financial management, development of financial information management systems, involves citizens in formulation and execution of national plans and ensures periodic public expenditure reports are available for public use.

Despite progress made, the second Plan 2017/18 - 2020/21 fell short in its overall target of ensuring economic growth sustained from 7.0% in 2017 to 8% in 2021.

The flipside is mainly attributable to a less than anticipated growth of strategic sectors, particularly those associated with tourism activities amid COVID 19 pandemic. Unexpectedly, interest rate endures a serious concern to the public and the Ministry at large.

This Strategic Plan, therefore, aligns the policy goals, priority interventions and investment plans to support initiation, execution and delivery of both public and private investments in order to boost economic growth. Further, the Ministry will ensure effective coordination of monetary and fiscal policies to influence interest rate, strengthen the linkages between planning and budgeting as well as continued efforts to ensuring prudent borrowing for overall macroeconomic stability. Besides, this Plan provides the necessary framework for implementing the Ministry's core functions and tracking the performance of commitments against set targets towards the anticipated socio-economic transformation.

Given the strategic objectives earmarked and the implementation structure laid out, I urge all divisions and units to efficiently coordinate the execution of the Plan in order to achieve the set outcomes and goals. I thank all staff for their valuable contribution and their participation in preparation of this Plan. I further extend my Given the strategic objectives earmarked and the implementation structure laid out, I urge all divisions and units to efficiently coordinate the execution of the Plan in order to achieve the set outcomes and goals. I thank all staff for their valuable contribution and their participation in preparation of this Plan. I further extend my appreciations to our esteemed stakeholders who continued to work closely with the Ministry in ensuring the Ministerial Strategic objectives are realized in line with national broad objectives.

Download MoF Strategic Plan

Procurements on eGP

Strategic Plans

Ministry of Finance

The Ministry of Finance oversees taxation, revenue and government spending. The ministry supports the Treasury Board and Minister of Finance by providing financial and administrative services and leadership to government ministries, agencies and the public.

Information you might be looking for
Plans and Annual Reports
Programs and services
Minister and managers
Forms and publications
Legislation
News releases

1. Information you might be looking for

Saskatchewan business and consumption taxes.

Get information about Saskatchewan’s liquor consumption tax, the PST, fuel and tobacco tax programs and more.

Personal Income Taxes

Get information about Saskatchewan's personal income tax structure.

Saskatchewan Electronic Tax Service (SETS)

To assist you with filing provincial tax returns for your business, Saskatchewan Finance offers the Saskatchewan Electronic Tax Service.

Provincial Budget

Find out about the 2024-25 Budget.

First-Time Homebuyers' Tax Credit

A provincial non-refundable income tax credit of up to $1,100 for eligible taxpayers on qualified homes purchased after December 31, 2011.

Canada Pension Plan (CPP) Enhancement

Learn About the Canada Pension Plan (CPP) Enhancement and how it will impact employees and employers.

2. Plans and Annual Reports

Plan for 2024-25.

The plan for 2024-25 reflects the government's goals of sustaining growth and opportunities for Saskatchewan people, meeting the challenges of growth, securing a better quality of life for all Saskatchewan people and delivering responsive and responsible government.

For previous ministry plans, please visit Prior Year Plans, Reports and Guiding Documents .

Annual Reports

The Ministry of Finance's 2022-23 Annual Report presents the ministry's activities and results for the fiscal year ending March 31, 2023. It reports to the public and elected officials on public commitments made and other key accomplishments of the ministry.

Previous fiscal year annual reports can be found by visiting Prior Year Plans, Reports and Guiding Documents .

3. Programs and services

First nations fuel and tobacco tax refund program.

Tax information on fuel and tobacco purchases for Status Indians on reserves.

Fuel Tax Programs

Information about fuel tax programs and about the taxes imposed on persons importing fuel into the province, exporting fuel, or purchasing fuel in Saskatchewan for sale or for their own use or consumption.

Government Planning and Reporting

The Office of Planning, Performance and Improvement supports planning and reporting efforts across government.

Liquor Consumption Tax

The Liquor Consumption Tax is a 10% tax on the total selling price of beer, wine and spirits.

Manufacturing & Processing Investment Tax Credit

Information on the non-refundable income tax credit designed to encourage plant and equipment investment in Saskatchewan.

Each year, the provincial government prepares a detailed budget to show the government's plan for spending and raising money.

Provincial Sales Tax

The Provincial Sales Tax is a 6% sales tax that applies to the purchase, importation or rental of certain goods and services. Businesses that sell taxable goods or services in the province are required to obtain a Provincial Sales Tax vendor's licence.

Public Accounts

Following the end of each fiscal year (March 31), the Government of Saskatchewan prepares the Public Accounts which are published in two volumes. A Compendium of Financial Statements and a Compendium of Payee Details are also compiled.

Research and Development Tax Credit

The Research and Development (R&D) Tax Credit encourages R&D activity in Saskatchewan.

Saskatchewan Electronic Tax Services (SETS)

Saskatchewan Finance is committed to providing convenient electronic service options – you can find our electronic tax services on this site.

Tobacco Tax Programs

Information about tobacco tax programs and the taxes imposed on tobacco that is imported into Saskatchewan or purchased in the province for sale or for own use or consumption.

4. Minister and managers

Hon. Donna Harpauer , Minister

Minister's Office

Max Hendricks , Deputy Minister

Deputy Minister's Office

Chris Bayda , Provincial Comptroller

Provincial Comptroller's Office

Nancy Perras , Assistant Deputy Minister

Revenue Division

Cullen Stewart , Assistant Deputy Minister

Fiscal Policy Division

Karen Lautsch , Assistant Deputy Minister

Corporate Services and PMAB Division

Brent Hebert , Assistant Deputy Minister

Treasury Board Secretariat

Rod Balkwill , Assistant Deputy Minister and Chief Investment Officer

Provincial Treasury Office

5. Forms and publications

Forms are available for download in PDF format. Please note: printed returns will not be properly micro-encoded, so cannot be paid at a bank or credit union.

Accounting Manual

Beverage Container Program Form

Business Consent Form

Corporation Capital Tax Forms

Direct Deposit Payment Request Form

Financial Administration Manual

First Nations Fuel & Tobacco Tax Forms

Frequently Asked Questions about Government Payment Authorities

Fuel Tax Forms

Insurance Premiums Tax Forms

Liquor Consumption Tax Forms

Manufacturing & Processing Incentives Forms

MIDAS Forms

Natural Account Manual

Provincial Sales Tax Forms

Quarterly and Mid-Year Financial Reports

Reciprocal Tax Agreement

Saskatchewan Electronic Tax Service (SETS) Forms

Tobacco Tax Forms

You can find all publications for this ministry in the Publications Centre .

6. Legislation

The following acts and regulations are administered by the Ministry of Finance and are available in PDF format. The links below are provided with the consent of Office of the King's Printer pursuant to Government of Saskatchewan copyright policies. Printed copies of the legislation are also available through the Freelaw website .

To order or subscribe, please visit the Freelaw website . If you don't have Adobe Reader on your system, you can download it for free .

The Provincial Sales Tax Act

The Fuel Tax and Road Use Charge Act

The Tobacco Tax Act, 1998

7. News releases

Read the ministry's most recent news releases.

The Government of Saskatchewan introduced legislation today to provide relief to small businesses in the province. As outlined in the 2024-25...

Budget 2024-25 is investing an all-time high $4.4 billion in capital projects to support classrooms, care and communities and meet the growing...

Saskatchewan's 2024-25 Provincial Budget makes record new investments in classrooms, care and communities. Deputy Premier and Finance Minister...

Certain fees and charges paid in Saskatchewan will change in 2024-25 to reflect rate freezes, changes to radiation services fees and removal of...

The most recent quarterly reports on losses of public money within government ministries and Crown corporations, for the period from October 1,...

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Ministry of Finance

Leading the province’s fiscal, tax, economic and statistics policy, administering tax and benefit programs and reporting on Ontario’s economic and fiscal plans.

The Ministry of Finance hosts free webinars to help you learn about Ontario taxes, tax credits and benefits
Ontario’s taxes and charges
Tax interest rates
Tax credits, benefits and incentives
Get a tax refund or rebate
What happens during a Ministry of Finance audit
What to do if you object to a tax assessment or benefit program decision
ONT-TAXS online: File and pay taxes

Economic data

Ontario’s weekly economic update
Snapshot of Ontario’s economy
Ontario’s quarterly economic update
Current trends and developments in Ontario’s labour market
Long range assessment of Ontario’s economic and fiscal future
Ontario Pay and File
Ontario’s demographics: key facts and figures
Ontario population projections (2022–2046)
Recommendations to improve the property assessment system
The sharing economy
The underground economy
Free Tax Talk Webinars

Ontario Trillium Benefit

Find out more about the tax-free payment that helps pay for energy costs, sales and property tax.

2024 Ontario Budget: Building a Better Ontario

The 2024 Budget demonstrates how the government is continuing to deliver on Ontario’s Plan to Build by investing in infrastructure to get more homes built faster, and attracting better jobs with bigger paycheques, all while keeping costs down for families and businesses and retaining a path to balance.

Find benefit programs

Find out about Ontario benefit programs you may be eligible for.

Get money back

Find out how much money you could get if you file a tax return this year and calculate your tax credits.

Support provincial fiscal, taxation and economic policy and support intergovernmental fiscal relations.
Manage the fiscal and financial affairs of the province, including the provincial budget , quarterly and mid-year updates ( Fall Economic Statement ) and work with Treasury Board Secretariat to prepare consolidated financial statements ( public accounts ).
Oversee more than $150 billion in revenue to support investments in education, health care, transportation, infrastructure and skills.
Support people and businesses by providing a number of tax credit, incentive and benefit programs .
Encourage compliance with the province’s tax system through education and outreach and conducting enforcement activities like audits, inspections, investigations and forensic accounting.
Regulate the financial sector, including insurance, pension plan and mortgage providers.
Facilitate government interactions with the Financial Accountability Officer .
Contact form
Tel : 1-866-ONT-TAXS (668-8297)
Fax: 1-866-888-3850
Toll-free TTY : 1-800-263-7776

Ministry of Finance 95 Grosvenor Street Toronto, Ontario M7A 1Y8

Employee directory

Minister, media and news

Contact the Minister
Media contacts
Ministry news

Get email alerts

Agencies, boards and commissions.

The ministry is affiliated with the following independent agencies:

Financial Services Regulatory Authority of Ontario
Financial Services Tribunal
Liquor Control Board of Ontario
Ontario Cannabis Retail Corporation
Ontario Electricity Financial Corporation
Ontario Financing Authority
Building Ontario Fund
Ontario Lottery and Gaming Corporation
Ontario Securities Commission

Legislation

The ministry administers the following legislation:

Alcohol, Cannabis and Gaming Regulation and Public Protection Act, 1996 (Part II only)
Assessment Act
Automobile Insurance Rate Stabilization Act, 2003
Benefits Administration Integration Act, 2016
Canadian Public Accountability Board Act (Ontario), 2006
Cannabis Licence Act, 2018 (specific provisions only)
Capital Investment Plan Act, 1993 (Parts I and II only)
Commodity Futures Act
Community Small Business Investment Funds Act, 1992 (specific provisions only)
Compulsory Automobile Insurance Act
Co-operative Corporations Act (specific provisions only)
Corporations Tax Act
Credit Unions and Caisses Populaires Act, 1994
Education Act (specific provisions only)
Electricity Act, 1998 (Parts V .1 and VI only)
Employer Health Tax Act
Estates Administration Tax Act, 1998
Financial Accountability Officer Act, 2013
Financial Administration Act (specific portions only)
Financial Services Commission of Ontario Act, 1997
Financial Services Regulatory Authority of Ontario Act, 2016
Financial Services Tribunal Act, 2017
Fiscal Sustainability, Transparency and Accountability Act, 2019
Fuel Tax Act
Gasoline Tax Act
Highway Traffic Act (specific provisions only)
Income Tax Act
Insurance Act
Investing in Ontario Act, 2008
Investment Management Corporation of Ontario Act, 2015
Land Transfer Tax Act
Liquor Control Act
Loan and Trust Corporations Act
Mining Tax Act
Ministry of Revenue Act
Mortgage Brokerages, Lenders and Administrators Act, 2006
MPPs Pension Act, 1996
Municipal Property Assessment Corporation Act, 1997
Ontario Cannabis Retail Corporation Act, 2017
Ontario Guaranteed Annual Income Act
Ontario Loan Act
Ontario Lottery and Gaming Corporation Act, 1999
Ontario Retirement Pension Plan Legislation Repeal Act, 2016
Pension Benefits Act
Pooled Registered Pension Plans Act, 2015
Prepaid Hospital and Medical Services Act
Province of Ontario Savings Office Act
Province of Ontario Savings Office Privatization Act, 2002
Provincial Land Tax Act, 2006
Public Transportation and Highway Improvement Act (specific provisions only)
Race Tracks Tax Act
Registered Insurance Brokers Act
Retail Sales Tax Act
Revenue Integrity Act, 2018
Securities Act
Social Contract Act, 1993
Statistics Act
Tax Incentive Zones Act (Pilot Projects), 2002
Tax Increment Financing Act, 2006
Taxation Act, 2007
Taxpayer Protection Act, 1999
Tobacco Tax Act
Toronto Stock Exchange Act
Trust Beneficiaries’ Liability Act, 2004

What we do.
Organisational Structure
Accounts Division
AID Coordination & Debt Management
Climate Resilience
Corporate Services
Economic Policy & Planning
Internal Audit & Investigation
Information Technology
Procurement
Public Finance Management & Finance Sector Coordination
System Support
LEGISLATION
Corporate Plans

Government of Samoa

Annual Reports

MOF Corporate Plan 2023-2027 (English Version)

MOF Corporate Plan 2023-2027 (Samoan Version)

M OF Corporate Plan 2012-2016 (English Version) MOF Corporate Plan 2012-2016 (Samoan Version)

MOF Corporate Plan 2016-2020

02 Apia City Boulevard, Level 2, 3 ,4, 6, 7 Central Bank Building., Apia, Samoa.

General Inquiry [email protected]

Main Board + (685) 34333 OR +(685) 34338

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Accessibility Statement

RBI ban on Bank of Baroda World app: Finance ministry's likely plan on frauds

In october 2023, the reserve bank of india (rbi) stopped bank of baroda from onboarding new customers on its mobile app 'bob world'..

Union finance ministry may propose stricter measures to protect citizens from cyber fraud, it was reported. This comes after an increase in incidents of frauds, including the Bank of Baroda World app scam, the Times of India reported citing sources who “mentioned a recent inter-ministerial meeting focused on bolstering cybersecurity and tackling financial fraud”, it noted.

A security official walks past an emblem of the Reserve Bank of India at the RBI headquarters, in Mumbai.

What was RBI's action on Bank of Baroda World app?

Read more: ramdevbaba solvent ipo opens today: check price band, dates and key details before subscribing.

In October 2023, the Reserve Bank of India (RBI) stopped Bank of Baroda from onboarding new customers on its mobile app 'BoB World' citing material supervisory concerns. The bank said in response that it had already carried out corrective measures to address the concerns.

"The Reserve Bank of India has, in exercise of its power, under Section 35A of the Banking Regulation Act, 1949, directed Bank of Baroda to suspend, with immediate effect, any further onboarding of their customers onto the 'bob World' mobile application," RBI said in a statement.

What report said on steps Finance Ministry could take?

The report claimed that Finance ministry could be in support of stricter Know Your Customer (KYC) procedures and due diligence by banks and financial institutions while onboarding new merchants. This applies to Business Correspondents (BCs) as they may be more vulnerable to security breaches, as per the report.

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Chuck desperate for justice ministry to spend available funds

Justice Minister Delroy Chuck says his ministry has not been able to spend funds allocated by the Ministry of Finance and the Public Service, despite pleas to his team to do so.

Addressing the launch of the Judiciary Strategic Business Plan for 2024-2028, Chuck expressed confidence that funding will be available to implement the new business plan, as monies allocated to the Ministry of Justice are not being used up.

“In the last strategic plan, we were able to fund everything and, within reason, I hope that we will fund everything in this strategic plan. Over the last five years and more, everything I’ve asked for, for the justice system, I’ve got. The major problem is to spend it,” Chuck said.

“And unfortunately, for the last five years, every year, PS (the permanent secretary) and I, at the beginning, as we’re now doing for this fiscal year and as we did in December and January past, [have been] begging our personnel, be it property, employment, whatever, ‘Please, there is so much money in the system, let us try to spend it’, and we’ve not succeeded.

“So that’s the second reason I think, to the credit of the minister of finance, whatever the justice system has put in, we’ve got; but we at the Ministry of Justice, I must admit, have not been able to spend it.

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“But we hope that with this strategic plan that you have, Chief Justice [Bryan Sykes], you will assist us in spending some of the money that we certainly will get at the Ministry of Justice.”

The Strategic Business Plan outlines strategies to be implemented by courts islandwide, which will contribute to the improvement of service delivery.

[email protected]

«Three-time convict to get hearing into rejected real estate licence
Appeals Court president backs new Judiciary Strategic Business Plan »

View the discussion thread.

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Artificial intelligence (AI) has incredible potential to transform the economy, improve the way we work, and enhance our way of life. The global race to scale up and adopt AI is on, and Canada is at the forefront of this technology. To make sure we can seize every opportunity in the economy of the future, and set every generation up for success, we need to scale up our innovation ambitions. And do it in a way that brings everyone along. For Millennials and Gen Z, who feel their hard work isn’t paying off like it did for previous generations, we must invest in good-paying opportunities that help them get ahead. That’s why we’re focused on creating more good jobs, including in innovation and technology, which are among the highest paying of all industries.

AI is already unlocking massive growth in industries across the economy. Many Canadians are already feeling the benefits of using AI to work smarter and faster. The rapid advance of generative AI today will unlock immense economic potential for Canada, significantly improving productivity and reducing the time workers have to spend on repetitive tasks. Researchers and companies in Canada are also using AI to create incredible new innovations and job opportunities across all facets of the Canadian economy, from drug discovery to energy efficiency to housing innovation. In the past year, job growth in AI increased by nearly one third in Canada – among the highest growth of any sector. And most AI jobs pay well above the average income.

Canada has a world-leading AI ecosystem – from development, to commercialization, to safety. We have an advantage that can make sure Canadian values and Canadian ideas help shape this globally in-demand technology. Canada was the first country in the world to introduce a national AI strategy and has invested over $2 billion since 2017 to support AI and digital research and innovation. Since then, countries around the world have begun investing significant funding and efforts into AI to advance their economies, particularly in computing infrastructure. In order to maintain Canada’s competitive edge, and secure good paying jobs and job security for generations of young Canadians, we must raise the bar.

The Prime Minister, Justin Trudeau, today announced a $2.4 billion package of measures from the upcoming Budget 2024 to secure Canada’s AI advantage. These investments will accelerate job growth in Canada’s AI sector and beyond, boost productivity by helping researchers and businesses develop and adopt AI, and ensure this is done responsibly.

These measures include:

Investing $2 billion to build and provide access to computing capabilities and technological infrastructure for Canada’s world-leading AI researchers, start-ups, and scale-ups. As part of this investment, we will soon be consulting with AI stakeholders to inform the launch of a new AI Compute Access Fund to provide near-term support to researchers and industry. We will also develop a new Canadian AI Sovereign Compute Strategy to catalyze the development of Canadian-owned and located AI infrastructure. Ensuring access to cutting-edge computing infrastructure will attract more global AI investment to Canada, develop and recruit the best talent, and help Canadian businesses compete and succeed on the world stage.
Boosting AI start-ups to bring new technologies to market, and accelerating AI adoption in critical sectors , such as agriculture, clean technology, health care, and manufacturing, with $200 million in support through Canada’s Regional Development Agencies.
Investing $100 million in the NRC IRAP AI Assist Program to help small and medium-sized businesses scale up and increase productivity by building and deploying new AI solutions. This will help companies incorporate AI into their businesses and take on research, product development, testing, and validation work for new AI-based solutions.
Supporting workers who may be impacted by AI, such as creative industries, with $50 million for the Sectoral Workforce Solutions Program, which will provide new skills training for workers in potentially disrupted sectors and communities.
Creating a new Canadian AI Safety Institute, with $50 million to further the safe development and deployment of AI. The Institute, which will leverage input from stakeholders and work in coordination with international partners, will help Canada better understand and protect against the risks of advanced or nefarious AI systems, including to specific communities.
Strengthening enforcement of the Artificial Intelligence and Data Act, with $5.1 million for the Office of the AI and Data Commissioner. The proposed Act aims to guide AI innovation in a positive direction to help ensure Canadians are protected from potential risks by ensuring the responsible adoption of AI by Canadian businesses.

Today’s announcement is about investing in innovation and economic growth to secure Canada’s world-leading AI advantage today and for generations to come. This will create good-paying opportunities for every generation, boost innovation across the economy, raise productivity, and accelerate economic growth – and it’s just one of the things that we are going to be doing in Budget 2024. Alongside these measures, we’re building more homes faster, ensuring every kid has the food they need, investing in health care, making life more affordable, and creating good jobs to make sure every generation can get ahead.

“AI has the potential to transform the economy. And our potential lies in capitalizing on the undeniable Canadian advantage. These investments in Budget 2024 will help harness the full potential of AI so Canadians, and especially young Canadians, can get good-paying jobs while raising our productivity, and growing our economy. This announcement is a major investment in our future, in the future of workers, in making sure that every industry, and every generation, has the tools to succeed and prosper in the economy of tomorrow.” The Rt. Hon. Justin Trudeau, Prime Minister of Canada

“Today, we are making a significant investment to boost our economic growth. This will keep Canada a global leader in AI and ensure we are at the very cutting-edge of new technologies. And most importantly, this will mean more high-paying careers for Canadians who are leading the charge in AI.” The Hon. Chrystia Freeland, Deputy Prime Minister and Minister of Finance

Quick Facts

The Government of Canada’s Budget 2024 will be tabled in the House of Commons by the Deputy Prime Minister and Minister of Finance on Tuesday, April 16, 2024.
In 2017, Canada was the first country to establish a national AI strategy. The Pan-Canadian Artificial Intelligence Strategy is helping Canada maintain its position as a world leader in AI, businesses be more competitive, and Canadians benefit from growth in the digital economy. Phase 2 of the strategy was announced in 2022 with funding of more than $443 million.
The federal research granting agencies – the Canadian Institutes of Health Research (CIHR), the Natural Sciences and Engineering Research Council (NSERC), and the Social Sciences and Humanities Research Council (SSHRC) – together have awarded $936.8 million in funding for AI-related research since 2017-18.
Since 2017, the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) provided $705.8 million in contributions to AI-related firms. This funding supported 1,111 firms and 3,837 projects in the AI and Big Data Technology space.
In addition, the NRC Digital Technologies Research Centre has invested over $27 million both directly to firms and on collaborative AI projects related to natural language processing, Indigenous languages, and high-performance computing for AI.
In 2023, Canada announced renewed funding for the Global Innovation Clusters , including Scale AI , bringing total funding for the company to up to $284 million. Scale AI is dedicated to promoting collaboration in AI and supply chain management research and innovation by strengthening linkages between researchers in industry, academia, and research institutes in Canada and abroad, and providing financial support for AI and supply chain management projects.
Canada has also made significant investments in fast-scaling AI-related companies through the Strategic Innovation Fund , including Sanctuary AI and semiconductor firm Ranovus .
Canada was recently ranked number 1 among 80 countries, tied with South Korea and Japan, in the Center for AI and Digital Policy’s 2024 global report on Artificial Intelligence and Democratic Values .
The Artificial Intelligence and Data Act (AIDA) was introduced in Parliament as part of Bill C-27 in June 2022. It is designed to promote the responsible design, development, and use of AI systems in Canada’s private sector, with a focus on systems with the greatest impact on health, safety, and human rights. Since the introduction of the bill, the government has engaged extensively with stakeholders on the novel challenges posed by generative AI. Canada is one of the first countries in the world to propose a law to regulate AI. Learn more .
The Voluntary Code of Conduct on the Responsible Development and Management of Advanced Generative AI Systems – announced in September 2023 and signed by major tech firms including Cohere, Ada, Coveo, BlackBerry, TELUS, OpenText, and IBM – enables companies to demonstrate that they are developing and using generative AI systems responsibly and strengthen Canadians’ confidence in the technology.
The Public Awareness Working Group on AI was launched in 2020 under Canada’s Advisory Council on Artificial Intelligence with a mandate to examine avenues to boost public awareness and foster trust in AI. Its objective is to help Canadians have a more grounded conversation around AI, and help citizens better understand the technology, its potential uses, and its associated risks. The Working Group published a report on its public engagement activities in February 2023. A further public report is upcoming specifically on the Working Group’s engagement with First Nations, Inuit, and Métis communities to better understand their needs, interests, and priorities for AI development and use.
Since the 1990s, Canada has been a leader in AI and deep learning, made possible by the research and innovations of the “Godfathers of AI”, Canadians Yoshua Bengio and Geoffrey Hinton. In the decades since, Canada has built up a robust and growing AI industry across Canada, anchored by our three national AI institutes in Montréal, Toronto, and Edmonton.
In 2022-23, there were over 140,000 actively engaged AI professionals in Canada, an increase of 29 per cent compared to the previous year.
Canada has 10 per cent of the world’s top-tier AI researchers, the second most in the world.
Canada ranks first globally for year-over-year growth of women in AI (67 per cent growth in 2022-23 alone), first in the G7 for year-over-year growth of AI talent, and since 2019, has ranked first in the G7 for the number of AI-related papers published per capita.
The number of AI patents filed by Canadian investors increased by 57 per cent in 2022-23 compared to the previous year – nearly three times the G7 average of just 23 per cent over the same period.
In 2022, the Canadian AI sector attracted over $8.6 billion in venture capital, accounting for nearly 30 per cent of all venture capital activity in Canada.
Canada ranks third in the G7 in total funding per capita raised for AI companies, with more than 670 Canadian AI start-ups and 30 Canadian generative AI companies receiving at least one investment deal valued at more than $1 million USD since 2019.
Restore generational fairness for renters, particularly Millennials and Gen Z, by taking new action to protect renters’ rights and unlock pathways for them to become homeowners. Learn more .
Save more young families money and help more moms return to their careers by building more affordable child care spaces and training more early childhood educators across Canada. Learn more .
Create a National School Food Program to provide meals to about 400,000 kids every year and help ensure every child has the best start in life, no matter their circumstances. Learn more .
Launch a new $6 billion Canada Housing Infrastructure Fund to accelerate the construction or upgrade of essential infrastructure across the country and get more homes built for Canadians. Learn more .
Top-up the Apartment Construction Loan Program with $15 billion, make new reforms so it is easier to access, and launch Canada Builds to call on all provinces and territories to join a Team Canada effort to build more homes, faster. Learn more .
Support renters by launching a new $1.5 billion Canada Rental Protection Fund to preserve more rental homes and make sure they stay affordable. Learn more .
Change the way we build homes in Canada by announcing over $600 million to make it easier and cheaper to build more homes, faster, including through a new Homebuilding Technology and Innovation Fund and a new Housing Design Catalogue. Learn more .

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