The Economic Affairs Department is the Government think tank responsible for policy analysis on a wide range of issues including: fiscal and monetary policies, trade reforms, financial sector reforms, and private sector development issues.
It co-ordinates the preparation and monitoring of the national budget; the monitoring and analysis of macroeconomic performance especially relating to fiscal and monetary policies; the analysis and formulation of tax policy; monitoring and development of local, regional and international fiscal policies and agreements; the regulation of financial institutions; and the co-ordination of the development of regional economic policies.
It is responsible for ensuring that policy advice is targeted at achieving the Governments strategic objectives as spelled out in the Economic Recovery Strategy, namely, achieving rapid economic growth and jobs creation, reducing poverty on a sustained basis, and strengthening governance.
The Department has the following Divisions:
1. Fiscal Policy Division (FIPOD).
2. Macro and Financial Sector Division (MAFISD)
3. Fiscal Administration and Private Sector Issues Division (FAPSID)