Budget Management Division
Management and co-ordination of the Crown budget process in accordance with the MFEM Act.  The timeframe for this process is normally 5 months.  This process entails coordination and formulation of Budget templates for Ministries/Crown Agencies, organizing the selection of a Budget Committee, administration of Budget Committee requests, and compilation of Ministry/Crown Agency Budget Submissions to the Budget Committee, compiling revenue estimates, and reporting to Cabinet recommendations of the budget committee regarding Budget Submissions.

Economic Policy Division
Management of Economic Policy in relation to economic planning and monitoring for the Cook Islands; including formulation and development for the Cook Islands.  Examples of work performed include the formulation of Economic Fiscal Updates for Government, working on the COLA committee, and assisting with the Budget Policy Statement when needed.

Funds Management Division
Management of Funds that relates to Crown Cash-flow, Crown Debt Servicing (loans held by Government), and the provision of financial management accounting services to all divisions within MFEM.  Also includes Numismatic which is the management and coordination of licensing and sales of Cook Island coins.

Crown Accounting Division
Management of Crown Accounting in relation to co-ordination of financial reporting of the Crown consolidated Accounts and line Ministries/Crown Agencies monthly accounts.  Including reviewing and monitoring of expenditure of Ministries/Crown Agencies ensuring that they are in line with the MFEM Act.

 

Most Documents on this site is in Adobe PDF format. If you do not have a PDF reader, Download a free Adobe reader from the Adobe website. Click Here