The ministry's objective is to create conditions, via the development, implementation and evaluation of the national economic policy, for promoting the competitiveness and a balanced and sustainable development of the Greifenberg economy. To achieve this objective, the ministry undertakes the following principal tasks:
1. Elaboration of national development plans in the fields belonging to the ministry's area of portfolio responsibilities and ensuring their conformity with other national development plans; organization of the financing, implementation and performance evaluation of such development plans;
2. Participation, in cooperation with other concerned ministries, in the elaboration of national development plans concerning economic development;
3. Preparing of draft acts in the fields belonging to the Ministry's area of portfolio responsibilities and ensuring their compliance with the Constitution and legal acts, as well as performance of the functions established by legal acts;
4. Organization of international and intermicronational cooperation in the ministry's area of portfolio responsibilities;
5. Coordination of the development of state information systems;
6. Ensuring total and sustained national development through sound economic planning and policy development, and accountability through program evaluation and monitoring;
7. Institutionalization of an empirical and sustainable national development framework through sound research and policy development.
The Government relies on a liberal economic policy derived from the primacy of self-responsibility, limiting State intervention to what is absolutely necessary. The instruments of liberal economic policy at the national level are economic promotion through the preservation and creation of attractive economic and legal structures and parameters, and a low density of regulation (including the removal and prevention of bureaucratic obstacles). Moreover, since export is the driving force of the economic development of the Grand Duchy of Greifenberg, the Government actively represents the interest of Greifenberg business in non-discriminatory access to foreign markets.
In addition to matters related to economic affairs, infrastructure, national development and technology, the ministry is also responsible for the finance, treasury, budget, commercial development, transportation, and telecommunications portfolios.
Finance
The ministry seeks to provide the Government with the highest level of professional assistance based on the current economic situation. In the fulfillment of its portfolio responsibility with regard to financial matters, the ministry prepares economic and fiscal policy, drafts the annual Budget and offers experience in tax policy matters. It is responsible for drafting policy on the financial markets and for the overall development of public administration. Moreover, the Ministry is in charge of the legislative and financial requirements of local government functions.
The overall objective of the ministry is to provide the Government with the best possible decision making basis upon which to implement sound economic policies, ensure efficient public institutions and contribute constructively to international and intermicronational economic cooperation.
One of the ministry’s core objectives is to contribute toward securing a healthy budget and sufficient financial policy leeway to meet future challenges. This, in turn, contributes to the development of a sustainable financial policy.
The following main areas are of particular importance to the achievement of the ministry’s objective of contributing to sound economic policies:
1. Analyses of macro-economic developments;
2. International and intermicronational cooperation;
3. Ongoing budget analyses;
4. Administrative policy contributing to ensuring efficient public institutions;
5. Coordination of national development projects;
The Ministry is also responsible for a number of other policy areas or offices which directly relate to or impact the economy, infrastructure or technological aspects of the country. These include:
Budget Office
Treasury
Customs and Excise
External Trade
Relations with State Central Bank of Greifenberg
Greifenberg Statistics Authority
Investment Promotion
Intellectual Property
Government Investments
Resources and Rural Affairs
Information and Communications Technology Strategy
National Development Consultative Council