The Ministry of Finance performs a key function in establishing, implementing and reviewing government’s financial, fiscal, monetary management and taxation policies. Whereby the budget is offered and debated in an open forum and the public is saved knowledgeable of the finances of the nation by the publication of the annual funds and the publication of monetary management stories on the government web site and within the Gazette on a quarterly foundation.
The essential query that challenges the federal government is whether the 16% rate of tax strain would allow our country to meet its commitments notably these of growing of our economy and enhancing the dwelling conditions of the population, throughout the present context of liberalisation of world trade and consequently a significant reduction of customs duties.
Public Finance (Management and Accountability) Act requires the Minister, in pursuing his policy targets, to stick to the ideas of prudent fiscal administration and seek to manage financial dangers accordingly having regard to financial circumstances including the sustaining of public debt at prudent ranges.
Dr. Kanakriyah represented the Ministry of Finance in several establishments and firms in their boards of directors, by which the federal government posses shares in, and different official committees the place He participated mainly within the formulation of financial and monetary policies and in the implementation of vital national and worldwide applications such because the financial and social reform program, and the Review Program with the International Monetary Fund.
Ministry Of Finance And The Public Service
Ministry Of Finance Of The Russian Federation
Tax stress is without doubt one of the four convergence standards for the harmonisation of economic insurance policies throughout the CEMAC zone. The Ministry of Finance also works on equitable and strong tax legislation.
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