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The Minister's Speech

In the Name of God the Most Merciful and Compassionate,

 I would like to welcome you to the official website of the Ministry of Finance in the Hashemite Kingdom of Jordan. This website offers insight into the role of the Ministry in formulating Jordan’s fiscal policy, all while prioritizing fiscal reforms that directly impact the lives of Jordanian citizens in line with the vision of His Majesty King Abdullah II.

Established on April 11, 1920, when the first government of the Emirate of Transjordan was formed, the Ministry of Finance is empowered by law to formulate and oversee the implementation of the fiscal policy of the country.

Being in the midst of an electronic revolution, our aim is to make all information available through this e-portal to facilitate access to needed information and services, thereby simplifying procedures and reducing time and effort.  

MOF plays a vital role not only in developing the needed plans for implementing national fiscal policy, mobilizing and collecting public revenues, overseeing public expenditures and organizing relevant accounts in accordance with applicable fiscal legislation, but also in supporting economic growth and harmonizing fiscal and monetary policies in cooperation and coordination with the Central Bank of Jordan to best serve national economy.

In the area of studies, MOF conducts fiscal, monetary and economic studies and analyses, carries out assessments of tax policies and procedures. It also reviews cases that may give rise to legal rights for the government, or require legal actions to be brought in competent courts and follow up on them.

The tasks and responsibilities of MOF also include managing civil and military retirement in accordance with the applicable laws and regulations, and managing the assets of the Social Security Fund and the Savings Fund for employees and contractors.

In addition, MOF drafts, improves and updates fiscal legislation concerning public revenues and expenditures, and cooperates with competent authorities to draft and follow up on the implementation of economic and social development plans. 

Central to service delivery processes, human resources have always been regarded by MOF as an area that demands special attention as well as cooperation and coordination with other ministries and government departments. Through its training center, MOF seeks to provide training for human resources in the fields of finance and accounting so they can keep pace with the latest developments that are essential for providing optimal and quality services. 

This brief note does not provide an exhaustive account of the numerous tasks and responsibilities of MOF, but gives readers a quick glimpse into the vision that MOF aspires to realize, namely a “regionally distinguished financial management that enhances the fiscal and economic stability of the Kingdom and improves the welfare of Jordanian citizens.”

This website is user-friendly and easy to navigate, enabling quick and efficient access to information. My hope is that you will find it useful. Please do not hesitate to share with us your ideas for improving the quality of delivered services.

 

     Omar Zuhair Malhas

      Minister of Finance