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

21 ADDITIONAL BUSINESSES AWARDED GRANTS UNDER THE SMALL BUSINESS RELIEF FUND

Government of Montserrat has approved the allocation of an additional $137,000.00 to the Small Business Relief Fund (SBRF) to allow twenty-one (21) more local businesses to receive much needed financial assistance under the programme. In September, 2023 Government approved $100,000.00 for the SBRF and was able to award twenty-two (22) businesses with much needed financial

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Government of Montserrat Joins Association for Project Management’s Corporate Partnership Programme; Becomes Member of Corporate Advisory Group

The Programme Management Office (PMO) of the Government of Montserrat (GoM) is delighted to announce its new membership of the Association for Project Management’s (APM) Corporate Partnership Programme, and its appointment to the esteemed Corporate Advisory Group (CAG) for 2024-2025. This partnership marks a significant step forward in enhancing Montserrat’s project and programme management capabilities,

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22 Businesses Awarded Grants Under the 2023 Small Business Relief Fund

22 businesses were awarded grants valuing ninety-eight thousand, eight hundred ninety-five dollars and eighty-cents ($98,895.80) under the Government of Montserrat’s 2023 Small Business Relief Fund (SBRF). The majority of these businesses are within the food/beverage sector, creative/craft and media/entertainment; and will be using the funds to purchase trade specific equipment, appliances and tools. Speaking at

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Montserrat Customs Officers Participating in Customs Training in St. Kitts

Four Customs Officers from the Montserrat Customs and Revenue Service (MCRS) are currently in St. Kitts participating in the  regional Customs Law Enforcement Council’s (CCLEC)  accredited Junior Customs Officer Basic training. Customs Officers Kiano Woods, Clevan Skerritt, Robyn Yearwood and Shannon White are attending the training programme which began on February 6, 2024.  The team

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PROPERTY OWNERS ENCOURAGED TO PAY PROPERTY TAX BILLS

Property owners or their representatives on island are urged to pay their property taxes in a timely manner to avoid attracting penalty and interest charges. This prompting has come from the acting Comptroller of the Inland Revenue Division of the Montserrat Customs and Revenue Service (MCRS) Mr. Roland Irish, who has issued a public notice

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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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