The Carvajal Ministry was a Spanish government which served between 1746 and 1754 during the reign of Ferdinand VI of Spain headed by José de Carvajal.Contrasting with the previous anti-British emphasis of the Spanish government Carvajal was neutral and sought much better relations, a view shared by King Ferdinand. The government negotiated and signed the Anglo-Spanish Treaty of Madrid in 1750, resolving the issues that had taken them into the War of Jenkins' Ear. He also signed an agreement, ending a long-standing dispute with Portugal in South America.
The Ministry fell when Carvajal died in 1754, and was replaced by the short-lived Hueścar Ministry.
| First Secretary of State (PM) | José de Carvajal y Lancáster | 4 December 1746 – 8 April 1754 | |
| Secretary of State for War, Navy and the Indies | |||
| Secretary of State for the Treasury | Marquess of Ensenada | ||
| Secretary of State for Ecclesiastical Affairs, Justice and Jurisdiction | Marquess of Villarías | 4 December 1746– 3 January 1747 | |
| Himself (as acting Secretary of State for Ecclesiastical Affairs, Justice and Jurisdiction) | 3 January – 8 October 1747 | ||
| Alonso Muñiz y Caso Osorio | 8 October 1747 – 8 April 1754 |