Established to manage the comprehensive financial affairs of the government, the ministry is tasked with overseeing revenue generation, expenditure, and financing, all of which are crucial elements in sustaining the country's economic and social development.

"[1] The primary mission of the Ministry of Finance is to provide strategic financial guidance to the government, ensuring that fiscal policies align with broader economic and social objectives.

This includes formulating strategies to enhance revenue collection, promote fiscal responsibility, and create a conducive environment for economic growth.

The ministry is responsible for making informed decisions regarding borrowing to meet the financial needs of the government while ensuring prudent fiscal management.

This reorganization reflects a strategic decision to enhance efficiency, streamline responsibilities, and promote focused attention on specific aspects of government functions.

This restructuring acknowledges the need for specialized focus in these areas to address the evolving challenges and opportunities in Tanzania's economic landscape.