Mandate

The Ministry of Finance, Government of the Republic of Newfoundland, is responsible for ensuring the republic’s fiscal sustainability through prudent financial management and comprehensive economic policy. It oversees the development and implementation of budgetary policies, taxation systems, and debt management strategies to bolster Newfoundland and Labrador’s economic strength. The Ministry also supports economic growth in coordination with other economic ministries by providing sound fiscal frameworks for infrastructure projects, fostering an environment conducive to innovation and economic diversification, and underpinning the republic’s trade relationships globally. Through a combination of fiscal oversight and strategic investment, the Ministry aims to secure and maintain economic resilience and prosperity for the Republic of Newfoundland.

Strategic Priorities

• Ensure fiscal sustainability through prudent budget management.
• Support economic growth by enabling responsible investment in infrastructure projects.
• Implement effective and fair taxation systems.
• Enhance public sector financial accountability and transparency.
• Manage public debt within sustainable limits.
• Strengthen international trade relationships and economic partnerships in collaboration with the Ministry of Trade & Industry.
• Promote innovation in hydropower, offshore energy, and critical-minerals processing through sound fiscal and regulatory frameworks.
• Expand digital infrastructures and data-driven initiatives across government financial systems.

Programs & Services

• Budget Planning and Financial Management
• Taxation Services
• Economic Policy and Analysis
• Infrastructure Financing
• Public Sector Accounting
• Debt Management

Key Departments

Contact

Ministry of Finance
St. John’s, Republic of Newfoundland

Email: info@republicofnewfoundland.com
Tel: +1-709-555-0000