Skip to main content

MoFPED's Strategic Key Outcomes

Through a comprehensive analysis of the Ministry’s Mandate, Vision, Mission, the situational analysis and the country’s development agenda, the MoFPED has identified eight (8) key outcomes. These outcomes are: 

  1. Sustain economic recovery and achieve  potential GDP growth of 6% to 7%  by FY 2024/25
  2. Increase the proportion of the National Budget financed by domestic revenues from  53% in FY 2022/23 to 61% in FY 2024/25
  3. Reduction in National Poverty Rate from 20.3% in FY 2019/20 to 18.8% in FY 2024/25
  4. Increase competitiveness by lowering the eternal debt service/export ratio from 9 in FY2020/21 to 5 by 2024/25.
  5. Maintain Macro Economic Stability.
  6. Enhance efficiency in the planning, allocation and utilisation of national resources.
  7. Reduction in the number of households in the subsistence economy from 39% to 17% by 2024/25.
  8. Increase share of public and private investment to GDP from 7.8% to 15% by 2024/2
  9. Increase the number of jobs created annually to an average of 512,441 by 2024/25.
  10. Enhance efficiency in the planning, allocation and utilisation of financial resources by increasing the proportion of clean audits to 95% by 2024/25.

To achieve the above institutional key outcomes, the Ministry will align and concentrate its efforts towards eight (8) strategic core areas to be implemented over the plan period. These include: -

  1. Macroeconomic Policy  and Management
  2. Development Policy and Investment Promotion
  3. Financial Sector Development
  4. Budget Preparation, Execution and Monitoring
  5. Deficit Financing and Cash Management
  6. Public Financial Management,
  7. Internal Oversight and Advisory Services
  8. Policy, Planning and Support Services

MoFPED plans to use a number of performance measures and indicators to evaluate progress towards each strategic objective that supports these eight areas. Performance measures will be monitored and updated as objectives and programs evolve. In addition to using regularly reported performance data, in-depth evaluations of programs will be undertaken as well as analysis of more qualitative information to help better understand the success and impact of strategies and actions.