Vision

Contribute to the stability and growth of the national economy to reach prosperity through sustainable development and provide a decent life for citizens.

Mission

Manage public finances efficiently and effectively through revenue development and rationalization of expenditures using transparent and fair financial systems, supported by regulatory procedure.

The Ministry of Finance plays an essential role in determining the fiscal policy of the Palestinian National Authority and supervising its implementation so as to ensure the effective integration of the economic, financial and monetary policies and harmonize its tools to form a system of economic stability and growth that contributes to the achievement of the goals of sustainable development. , Supporting the strength and consolidation of the national economy in the face of the major challenges facing it at the local and external levels. It also works to finance the Palestinian National Authority's budget through local revenues generated from taxes and Manage revenue from external sources of finance and carry out the work and responsibilities entrusted to it through a plan of action in support of the Palestinian Reform and Development Plan, within a transparent approach to sustainable development.

To achieve its objectives, the Ministry of Finance approved five programs in the medium term:

• Develop revenue management and activate the collection system.
• Development of public expenditure management.
• Development of financial supervision and internal audit.
• Financial policy planning, strategic planning, financial systems development and legislation.
• Develop performance and train staff

The Ministry's Work

To formulate financial policies that support the achievement of the highest goals of the Palestinian National Authority

• Contribute to the achievement of the strategic objectives of the government outlined in the reform and development plan.
• Studying the financial, monetary and economic conditions, analyzing them and evaluating the tax policies and procedures in coordination with all concerned parties.
• Financial planning based on studies and financial analysis, providing accurate forecasts of cash flows.
• Contributing to directing foreign aid in line with the Palestinian agenda and through the unified treasury account.
• Ensuring that the Palestinian economy and the Palestinian consumer are supplied with petroleum products with high specifications and at reasonable prices.

Budget preparation, implementation and development of means of preparation

• Preparation of the general budget of the Palestinian National Authority and budgets of institutions, and development of means of preparation.
• Enhancing budget performance, using it as a tool for monitoring and measuring performance, as well as being a tool for planning and distributing financial resources.
• The trade-off between competing demands for spending.
• Implement the general budget of the Palestinian National Authority.

Collection and development of revenues from taxes and customs

• Follow up the verification of tax revenues from customs and taxes, income tax and added tax, and collect and provide and facilitate the provision of services concerned to the concerned departments of citizens.
• Consolidation of tax information through an accounting program and a single database to hold accounts and records of taxpayers.

Collection of property tax on behalf of municipalities and local councils

• Follow up the realization, development and collection of property tax and its supply to municipalities and village councils to assist them in the exercise of their duties and duties towards citizens.
• Developing systems for the work of property tax departments and facilitating the provision of services to citizens.

Manage and increase grants to the Authority

• Conduct contacts and follow up with donors to achieve the highest percentage of grants to support development projects and support the public budget.
• Directing grants for the unified treasury account.
• All grants are registered in the Palestinian Authority's financial records and published.

Computerization of tax work

• Consolidate all tax systems and data through a unified PATACS program used by all tax revenue departments, linking tax data and providing integrated information, thereby increasing the efficiency and effectiveness of work and achieving independence from any external programs.

Cash management, account holding and government debt

• Management of cash flows of the Palestinian National Authority.
• Managing and organizing various sources of funding.
• Financial Asset Management of the Palestinian National Authority.
• Government debt management and related accounts.
• Signing loan agreements for ministries and public institutions in the Palestinian National Authority, managing the internal and external government debt and following up on it.
• Organize banking arrangements for the Palestinian National Authority.
• Management of bank accounts of the Palestinian National Authority.
• Organization of public accounts and preparation and issuance of final accounts and financial reports of income and expenditure.

Public expenditure management

• Oversee the disbursement of capital, operating and developmental capital expenditures.
• Continue the process of reforming the financial system and developing and linking accounting programs and standardization and develop a new structure.
• Connect all responsibility centers through a unified, secure computer network.
• The financial liabilities of the Palestinian National Authority.

Government Property Management

• Ensure the preservation of Palestinian Authority property and the registration of State property and its elements of government buildings, premises, grants, in-kind assistance, government vehicles and other government property and computerization of related records.

Provision of government supplies and procurement

• To formulate the general policy for the management of general supplies and means of implementing this policy.
• Purchase of supplies according to the law according to the principle of competition and quality of goods and services.
• Save supplies and manage surplus ones.
• Conduct the necessary studies to develop supplies management to maintain standard specifications of supplies.
• Carry out inventory of supplies as needed and conserve durable supplies.

Salaries

• Pay monthly salaries to civil servants, civil servants and retirees' salaries on time.
• Maintain and manage accounts and records related to salaries and computerization of public sector employees.
• Issuing data and reports related to salaries and wages.
• Ensure the financial application of the administrative organizational structures of ministries and public institutions.

Financial control over expenses and records

• Supervising the compliance with budget allocations and ensuring compliance of the entities subject to the Ministry of Supervision of the financial regulations and procedures followed before the disbursement operations.
• Supervision of the validity of accounting guidance for expenses and the maintenance of accounting records.
• Supervising bank accounts and ensuring the correctness of bank reconciliations.

Internal audit of ministries and public institutions

• To examine and assess the adequacy and effectiveness of the internal control systems of ministries and public institutions.
• Risk assessment and examination of risk management procedures in responsibility centers.
• Report necessary discoveries and observations.
• Make recommendations to address them.
• Ensuring optimal use of financial resources and examining the efficiency and effectiveness of their use.

Legislation and financial laws

• Study and review the financial laws followed, and work to develop them.
• Studying and following up the cases that give rise to the rights of the government treasury and the representation of the ministry before the competent authorities.

Administrative and service work

• Raise efficiency and develop the capabilities of the ministry's employees through the implementation of training plans to raise the level of performance and to provide the best services related to the ministry's work to citizens and government departments, private sector institutions and any regional and international local institutions.

Public awareness

• To carry out awareness programs at the level of citizens and the importance of paying taxes, and the reflection on the national economy, and the interest of citizens