MINISTRY OF FINANCE & ECONOMIC MANAGEMENT

Ministry Departments

The Ministry of Finance & Economic Management is responsible for managing the financial resources of Government and to ensure that a proper legal framework and supporting systems are in place for that purpose. The Ministry, in delivering its mandate seeks to promote government’s fiscal policy framework; coordinate macroeconomic policy and intergovernmental and external financial relations; manage the budget preparation process; secure and allocate funding for approved public policies and programmes; and to monitor the implementation of departmental budgets.

The Public Finance (Management and Accountability) Act mandates the Minister of Finance to develop and implement a national macro-economic and fiscal policy framework for Montserrat for a period of not less than 3 years and for this purpose must:

  1. Advise Government on the total of resources to be allocated to the public sector and the appropriate level of resources to be allocated to individual programmes within that sector;
  2. Advise on the state of the economy for current and projected periods;
  3. Supervise and monitor the public finances of Montserrat; and
  4. Co-ordinate the international and inter-governmental economic and fiscal relations of Montserrat

Mission

To secure and allocate appropriate levels of financial resources to fund public programmes and provide a strong but enabling framework to ensure that government’s financial and other resources are managed in an economically wise manner.

Vision

To be the pre-eminent financial services organisation supporting the achievement of a financially stable and independent Montserrat.

Ministry News

MONTSERRAT’S ANNUAL BUDGET SUPPORT MISSION (BSM) BEGINS ON MONDAY

Montserrat Negotiates 2025/2026 Budget with the UK Discussions between the Government of Montserrat and the United Kingdom Government’s Foreign, Commonwealth and Development Office (FCDO), on the 2025-2026 budget for Montserrat begins on Monday January 27, 2025, during the Budget Support Mission (BSM).  Programme Manager and member of the FCDO team, Miss Shelby Millen is currently

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CHRISTMAS DECORATIONS EXEMPTED FROM CUSTOMS DUTIES & TAX

The Government of Montserrat, through a Cabinet decision, has waived the customs duties and consumption tax for Christmas decorations imported between November 1 and December 24, 2024. This directive means that items such as LED electrical Christmas lights; low energy laser decorative spot lights; solar powered Christmas lights; Christmas trees; and Christmas decorations, which arrive

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Labour Force Indicators and Final Census Figures – Population and Housing Census 2023

The Statistics Department Montserrat (SDM) announces the release of the key labor force indicators from the 2023 Population and Housing Census in the form of an infographic. This infographic provides detailed information on the main labor force indicators, including the participation rate, unemployment rate, and youth unemployment. It also includes data on employment by major

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FCDO OFFICIALS CONCLUDE BUDGET SUPPORT MID-YEAR REVIEW

A team from the Foreign, Commonwealth and Development Office (FCDO) visited the Island last week for the annual Mid-Year Review of the Budget Support programme which will be providing £30.82m to support the Government of Montserrat this year. The mission began on Monday 29th July 2024, with a courtesy call to Cabinet to debrief on

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MONTSERRAT’s PREMIER & FINANCIAL SECRETARY ATTENDING CDB’s 54th ANNUAL MEETING IN CANADA

Montserrat’s Premier, Honourable Joseph E. Farrell and Financial Secretary, Hon. Lindorna Lambert-Sweeney are currently in Ottawa, Canada attending the 54th Annual Meeting of the Board of Governors of the Caribbean Development Bank (CDB). The Board of Governor’s Meeting opened on Wednesday morning (June 19th) under the theme ‘Partnerships for Resilient Prosperity’ and with an address

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TRADER’S LICENSE CERTIFICATE NOTICE

As per Section 6(1)of the Trade Licence Ordinance , the fee for the 2024 Trade Licence was due and should have been paid by January 1st,2024. It is mandatory to display the Trade Licence Certificate, which bears the name of the business visibly on the business premises. The following businesses have been issued a Trader’s

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Minister of Finance

Hon. Reuben T. Meade

Financial Secretary (Ag)

Hon. Kenya Lee

Featured Publications

Contact us

 Ministry of Finance &   Economic Management   P.O. Box 292     Government of Montserrat   Brades               Montserrat

Tel: (1) 664-491-2777 / 3057
Fax: (1) 664-491-2367 
Email:
 minfin@gov.ms
Web Site: https://gov.ms/ministry-of-finance

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