The Financial Management Authority is a government agency responsible for the finances of the state. The Director of Finance shall head the Financial Management Authority and be appointed by the Minister of Finance for a five-year term and shall be responsible to him.

The Financial Management Authority is a service and knowledge institution in the field of public finances. The Institute provides financial services to the Treasury and central govemment entities and manages funds. It shall also oversee the accounting and accounting of the Treasury, wage processing, payment of wages and human resources consultancy. The Financial Management Authority ensures timely and reliable information on the finances of the State.