Our Mission

The Mission of the Ministry of Finance is to create a better Singapore through Finance.

Under the Mission Statement, the main regulatory statutes are Accountants Act, Accounting Standards Act, Business Registration Act, Companies Act, Limited Partnerships Act and the Limited Liability Partnerships Act. The emphasis of our regulatory policy is on development, rather than control. We aim to collaborate with industry experts to make Singapore a world-class financial and business hub.

We actively review our rules to ensure they remain relevant to the business and financial environment. This is done in close consultation with industry experts and key stakeholders. Given the rapid rate of technological development and a fast moving environment, our regulatory policies and statutes must keep pace.

In designing regulatory policies, we consider all viewpoints, but with priority given to Singapore's long term interest. To establish Singapore as an international business and financial centre, we work to ensure comparability with international standards and best practices in areas such as company law, accounting standards and corporate governance principles.

Our Vision

A forward looking MOF that advances leading ideas, drives synergies across government and ensures fiscal prudence.

Our Strategic Outcomes

Sound Public Finances

 Optimally Managed Reserves

“Managing our reserves to balance the present and future financial needs of Singapore”

 Fiscal Sustainability

“Ensuring government’s fiscal sustainability in the medium to long term”

Growth with Opportunity for All

 Pro-growth Fiscal System

“Promoting economic growth through the use of financial levers”

 Pro-Community Fiscal System

“Creating opportunities for a better life for all and build a strong community”

 Conducive Business Environment

“Facilitate growth of businesses and nurture an entrepreneurial environment”

 Expand International Economic Space

“Increase opportunities for Singapore’s businesses globally”

High Performance Government

 Effective and Efficient Use of Resources

“Allocating government resources to achieve Whole-Of-Government objectives and achieving maximal outcome with available resources”

 Accountability for Performance

“Ensuring that government agencies are held accountable for the use of their resources”

 Integrated Government

“Achieve service-wide synergies in policies, programmes, processes and systems”

 Government in Time for the Future

“Anticipating future challenges and opportunities for the Whole-Of-Government and the nation”