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Headquartered in Iqaluit, and with active regional operations in Rankin Inlet, Cambridge Bay, and Igloolik, the Department of Finance exists as a central agency of the Government of Nunavut (GN).
The Department of Finance works towards a vision in which:
- Government makes sound decisions about the use of public resources based on accurate and timely information, analysis and advice;
- Government operations are smooth and efficient, supported by a range of professional and client-focused centralized services;
- Government is accountable to Nunavummiut, who trust the systems and processes in place to properly manage public funds.
What we do
To support the GN’s day-to-day operations, advance the Legislative Assembly’s political mandate, and achieve our vision as a department, the Department of Finance:
- Provides accurate and timely advice and analysis to support informed decisions about the use of public resources;
- Delivers a range of programs and activities in support of government policy and operations; and
- Promotes accountability by implementing a framework to control, monitor and report on the use of public funds.
As examples of the many roles we play, GN Finance:
- supports and advises the Financial Management Board (FMB) of ministers;
- manages the compensation and benefits of GN employees;
- pays invoices on behalf of departments;
- collects revenues owing to the GN;
- prepares and reports year-end financial statements;
- develops and maintains the GN's financial systems;
- administers the territory's tax system;
- audits internal programs and processes;
- manages the GN's insurance portfolio;
- guides the GN-wide budgeting and appropriations processes;
- represents the GN's interests on national fiscal and financial issues;
- manages the GN's relationships with territorial corporations and public agencies;
- manages the public treasury;
- undertakes economic research and analysis;
- leads the GN's approach to liquor and cannabis policy
- licenses and regulates the liquor and cannabis industries in Nunavut.