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Ministry of Finance and Economic Development

Areas of Responsibility
  • Treasury and budget administration.
  • Economic management and national development planning coordination.
  • Financial administration and management.
  • Mobilization of resources for economic development.
  • Improving accountability for the use of resources.
  • Facilitating improvements in proper implementation and monitoring processes.
  • Ensuring strict adherence to budgetary processes.
  • Facilitating the contributing role of the private sector and Non-Governmental Organizations (NGOs) to the strategy of creating greater prosperity and embracing this in the development process.
  • Facilitating and supporting citizen economic empowerment schemes and initiatives.
  • Facilitating involvement of Botswana in regional and global economic issues.
Departments/Sections of the Ministry
  • Economic and Financial Policy (EFP)
  • Development and Budget (DB)
  • Office of the Accountant General (OAG)
  • ​Internal Audit (IA)
  • Financial Intelligence Agency (FIA)
  • Corporate Services (CS)
  • Ministry Parastatals​

List of Parastatals 

  • Botswana Savings Bank (BSB)
  • Bank of Botswana (BOB)
  • Public Procurement & assert Disposal Board (PPADB)
  • Botswana Unified Revenue Services (BURS)
  • National Development Bank (NDB)
  • Motor Vehicle Accident Fund (MVA)
  • Statistics Botswana(SB)
  • Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
  • Botswana Institute for Development Policy Analysis (BIDPA)
  • Botswana Stock Exchange (BSE)
  • Botswana Public Officers Pension fund (BPOPF)


Departments/Sections and Key Functions

Economic and Financial Policy (EFP)

  • It is mandated to improve the welfare of Batswana through the formulation and coordination of national economic and financial policies.
  • It comprises two sub-divisions, namely Macroeconomic Policy and Financial Policy. The responsibilities of the DEFP are as follows;
  • Tax policy.
  • International economic policy.
  • Population and development.
  • Human resources planning and enterprise development.
  • Finance and banking.
  • Insurance and pension.
  • Macroeconomic policy.

Development and Budget (DB)

  • Coordinating the formulation of the government's recurrent and development budgets.
  • Control the use of budgetary resources.
  • Public debt management.
  • Cash flow analysis and reporting.
  • Financial administration of loss of cash and stores.
  • Disposal of unserviceable and obsolete stores  
  • Government motor vehicle accidents surcharges.
  • Assisting ministries to identify cost recovery areas

Office of the Accountant General (OAG)

  • Ensuring proper accounting.
  • Financial services.
  • Procurement advice and compliance.
  • Discharge custodial services.

​Internal Audit (IA)

  • Examines all government records, inspects all physical assets  
  • Carry out audit assignments and reach objective conclusions.

Financial Intelligence Agency (FIA)

  • The Financial Intelligence Agency is a Department under MFED responsible  for requesting, receiving, analysing and disseminating financial information to relevant authorities.
  • the aim is to strengthen efforts of national and international intelligence, investigation and enforcement agencies in persuing in the global fight against Money Laundering/Financing of Terrorism and related crimes.

Corporate Services (CS)

  • Human Resourses Management and Administration.
  • Safety Health Environment.
  • Finance and Development.
  • Information Technology.
  • Public Relations.
  • Procurement and Project Management.
  • Corruption Prevention Coordination.

Ministry Parastatals​

  • Botswana Stock Exchange (BSE)
  • Public Procurement & Asset Disposal Board (PPABD).
  • National Development Bank (NDB).
  • Botswana Unified Revenue Service (BURS).
  • Botswana Institute of Development Policy Analysis (BIDPA).
  • Motor Vehicle Accident Fund (MVA).
  • Non-Bank Financial Institutions Regulatory Authority (NBFIRA).
  • Statistics Botswana (SB).
  • Botswana Institute of Chartered Accountants (BICA).
  • Botswana Accountancy Oversight Authority (BAOA).
  • Botswana Savings Bank (BSB).