Organizational Structure: Macroeconomic & Fiscal Planning Policy Department
- Support the Minister in all aspects of institutional planning, fiscal policy development, monitoring and evaluation and reporting on practical macroeconomic-fiscal management. Prepare expenditure, revenue statistics and accurate macroeconomic forecasts.
- To prepare a credible, reliable and evidenced based policies that sure sustainable economic development of Puntland.
- To formulate and implement dynamic fiscal policy and monetary objectives of the government for effect resource mobilization, efficient allocation with proper monitoring and evaluation of public resources to set government on sustainable economic development.
Macroeconomic and fiscal policy planning department consists of four department sections with the following key functions;
I – Fiscal policy planning, Research and Statistics Section
Preparing technical policy, analysis plans and programs in terms of fiscal policy. Implementing analysis and providing recommendations in terms of fiscal policy. Collection of relevant statistical information: surveys, indicators, maintenance of a statistical database to support data analysis, and forecasting. Studying historical trends for the whole economy as well as analyzing the current macroeconomic and providing quantitative techniques to formula economic models. Macroeconomic Forecasting: National Product, per capita income etc. Analyze the revenue effects of different taxation and customs policies
II – Macro-economic Policy Analysis Section
Establishing a consistent macroeconomic framework, through analysis, forecasts and research, which serves as a basis for fiscal forecasting. Analyzing the economic and social impacts of fiscal policies. Identifying and evaluate the effects of existing and proposed revenue generating policies on the economy and fiscal framework with specific focus on Tax Policy. Setting fiscal policy targets based on analysis and forecasts.
III – Monitoring and Evaluation Section
Creating monitoring and evaluation processes to improve the efficiency and effectiveness of Macro economic and fiscal policies. Monitoring and evaluation of progress reports. Developing an effective framework for proactively monitoring the implementation of macroeconomic and fiscal policy initiatives. Preparing periodic reports relating to macro-economic performance of the economy for submission to rating agencies, multi-lateral institutions and international investors. Preparing of performance indicators.
IV – Training section
Developing and implementing training programs that support employee’s career development and sustained progression in the organization and the civil service. Organize and facilitate training programs and courses (e.g IMPF, CIPFA). Hosting workshops for enhancing communication skills of ministry staff and other line ministries.