About the Ministry of Finance and Treasury

The Ministry of Finance and Treasury (MoFT) has the responsibility to provide strategic advice, leadership and reporting on economic reforms, monetary, budget and fiscal policy to the Solomon Islands Government. Across the public service, the Ministry is responsible for financial reporting, and preparing and managing the annual recurrent budget.

Minister of Finance and Treasury

Hon. Rexon Ramofafia

Welcome to the Ministry of Finance and Treasury.

Our Mission is to aim to be a vibrant and recognised leader in delivering high quality financial related administrative services to the wider community. This is achieved through sound financial management advice and policies, good governance, creating economic stability and growth, along with border control initiatives that improves the lives of all Solomon Islanders.

Our Services

Ministry services include:

  • Statistics and economic management to support Government decision-making processes
  • Implementation of good governance practice
  • Financial reporting
  • Revenue collection
  • Border protection
  • Government payments
  • Preparing and managing the annual recurrent budget
  • Advising the Government on a range of financial policies including economic reforms

To achieve its mission, the Ministry delivers services through its eight (8) Divisions.

Divisions and Departments

The Ministry of Finance & Treasury has the following Divisions under its umbrella. You will find quick information about each and their contact details if required.

Corporate Support Division

The Corporate Services Support Division is responsible for providing administrative support to the Permanent Secretary and the Heads of Divisions.

The Division also provides all administration and support services across the Ministry. This includes MoFT strategic and operational planning, annual reporting, Human Resources, Payroll, Gender and Social Inclusion strategies, Accounts and Budgets, Procurement and Property and Assets.

Customs and Excise Division

The Solomon Islands Customs and Excise Division (SICED) collects revenue, manages the security and integrity of the Solomon Islands’ borders and the movement of people and goods in and out of the country.

Economics Division

The Economics Division includes:

i) The Regulatory Reform Team are responsible for leading revenue and tax policy reform, financial sector and sectorial reform.

ii) The Macroeconomics Policy Unit delivers forecasting and modelling, advice and analysis on medium and long term growth strategies and growth enhancement investments.

iii) The Investment Analysis Unit provides analysis and advice that includes Government projects.

iv) The State Owned Enterprises Unit delivers support services to the public and businesses.

Funding and Finance Division

The Funding and Finance Division has the responsibility for:

i) The Budget Unit leads the national annual budget process, budget reviews, provides expenditure reports and legislative reforms.

ii) The Debt Management Unit monitors and reports on Government’s existing debt obligations both domestically and externally. They evaluate and negotiate new Government borrowing, issue short-term debt securities and support stakeholder relationships on debt related matters.

iii) The Public Private Partnerships (PPP) supports sustainable economic development through provision of sound financial and economic policy advice, and supporting projects that encourage participation of the private sector and Foreign Direct Investment promoting economic growth.

iv) The Climate Finance Unit supports accessibility and management of climate financing (including disaster risk finance) of SIG sustainable development initiatives. The Unit also provides policy advice and coordination for all climate finance activities, whilst promoting partnerships with stakeholders including the civil society and the private sector.

v) The Donor Projects and Funding Unit is responsible for managing the implementation of development partner support programs and related reform initiatives.

Inland Revenue Division

The Inland Revenue Division collects approximately 60% of all Government revenue. This includes Income Tax, Sales, Withholding and Goods Tax as well as undertaking vehicle licensing. Revenue collected by this Division is used to pay for education, hospitals and the police force.

Internal Audit Division

The Internal Audit Division provides independent advice, objective assurance and consulting activity; designed to add value and improve the operation of the Public Sector. The Division also assists MoFT and Accountable Officers to identify fraudulent activities where they investigate and report in accordance with the investigation terms of reference.

National Statistics Office

The National Statistics Office is responsible to collect, process, analyse, publish and disseminate core official statistics for policy and planning, decision making and public debate. This includes coordinating, monitoring and supervision of the National Population and Housing Census.

Treasury Division

The Treasury Division is responsible for maintaining accounting records of the Government; the preparation of annual financial statements along with financial reporting to Government, Parliament and international organizations.

They are also responsible for processing revenue collected by other ministries, IRD and Customs; processing payments to suppliers and processing of payroll on behalf of all SIG Ministries.

The Division manages the consolidated fund (official) bank accounts; cash flow forecasting, bank reconciliations, and banking relationship management responsibilities whilst maintaining and ensuring compliance of SIG financial and legislative frameworks.

SIG ICT (Information Communication Technology) Services

The newly established SIG ICT Services Division, is an enabler responsible for facilitating digital transformation for whole of government to improve wider access to services and service delivery to citizens and businesses; whilst ensuring the standardization and the centralised use and maintenance of Government systems and services promoting transparency, accountability, monitoring and reporting; establish, populate, and secure databases, and to develop & maintain Public Digital Infrastructure allowing interoperability of systems and communication technology.

This Division will also build in resilience and responsiveness to both cyber-attacks, natural and socio-political disasters.

Documents and Links

SIG 2024 Budget Reservation Documents

Documents

Links

Express Directory

Here you will find the direct contact details for relevant staff at The Ministry of Finance and Treasury. Please feel free to get in touch should you have any queries you wish to discuss.

Receptionist (+677) 21058 or (+677) 27855
Permanent Secretary 21058
Corporate Support Division
Deputy Secretary Corporate 21264 / 23700
Accounts Section 28791
Human Resource and Admin Team 25448
Asset Team 28035
Human Resource Manager 25448
Inland Revenue Division
Debt Team 28366 / 28245
Operation and HR Team 28244
Education Team, PAYE, Sales/Goods Tax and Large Business Section 21493
Audit and Investigation Section 20223
Internal Audit Division 22087
SIG ICT Services
Helpdesk 24580 / 27667 / 27668
Director EXT
Head of ICT Corporate Services EXT
Deputy Director – Digital Transformation and Strategic Projects EXT
Deputy Director – Client Services EXT
Deputy Director – Infrastructure EXT
Deputy Director – Information Systems EXT
Deputy Director – Cyber Security EXT
National Statistics Office (NSO)
Government Statistician 23951
Advisor 25449
Economics Section 25451 / 27835
Social Section 21254
Population Survey Section 21427
Support Service Section 23775
Customs and Excise Office
Comptroller 20488
Admin 28637
Treasury Division (TSY)
Switchboard and AG’s office 22013
Payroll Section 28790
Payment Section 28172
Procurement Section 27623
FMSS 28792 / 28142
Imprest Section 24408
Central Revenue 22425
Economics Reform Unit 23122
Financial Economic Reform Unit 27413
Debt Management Unit 28170
Budget Unit 23391

Location

If you’re in the Solomon Islands and wish to visit us, our office location is provided below for your convenience. We look forward to welcoming you.

Physical Address
Ministry of Finance & Treasury
Mendana Avenue,
Honiara, Solomon Islands.
Mailing Address
P.O. Box 26, Honiara,
Solomon Islands.
Phone
22556