Finance and Procurement Division
Provide the necessary financial support related to the achievement of the ministry’s mission of “Encourage diversified, high value-added, innovative industrial products, use of eco-friendly sustainable methods, high market access opportunities and industrial development that benefit through the creation of a conducive environment based on technology, knowledge and innovative thinking” with the Ministry of Finance and other institutions. The organizational structure and main functions of the finance division are as follows
Key Functions & Responsibilities
- Entering all recurring and capital vouchers received by the Ministry into the ITMIS computer system and making arrangements to receive funds from the Department of Treasury Operations and making payments for those vouchers according to the Financial Regulations, Establishment Code and circulars.
- Payment of salaries and allowances of the officials of the Ministry through the GPS computer system and provide disaster loans, special advances and festival advances to the Ministry of Industry and Entrepreneurship Development 62 officials under the advance B account of the government officials.
- Preparation of annual delegation of financial control powers according to F.R.135.
- Enter all audit inquiries and reports received by the Ministry in the Audit Inquiry Register and report the relevant information to the Auditor General and Parliament.
- Preparation of annual budget related to all recurrent expenditure and rehabilitation and improvement of capital assets and purchase of assets of the Ministry.
- To carry out all financial control activities of Regional Industrial Service Centres.
Divisional Organization structure
- Conducting procurement under the market price comparison method through the E-Promise system.
- Carrying out activities related to the purchase of all office stationery and office equipment required by the Ministry.
- Monitoring of departmental procurement activities.
- Properly prepare and send the necessary reports to the National Procurement Commission
- Preparation of procurement plan and action plan for the Ministry
- Supervision of procurement activities of Regional Industrial Service Centers
Further work is underway to conduct the Ministry’s annual Board of Survey through a barcode reader. As a preliminary step, assets located within the Ministry will be assigned unique barcode numbers, and this will allow for a quick and accurate verification of these assets using a barcode reader. Consequently, the annual inventory survey can be completed efficiently, with greater accuracy and in less time. Additionally, as directed by the Ministry of Finance, approximately 85% of the procurements conducted by the Ministry under the Shopping method are now being carried out through e promise.
- Procurement and asset management in compliance with government regulations.
- Coordination of administrative support services for all Ministry divisions.
- Continuous improvement of internal administrative processes and service delivery.
head of the Division
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staff officers
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