Agency Name: | Ministry of Finance |
Type: | ministry |
Nativename: | Finnish: Valtiovarainministeriö Swedish: Finansministeriet |
Picture Caption: | The Ministry of Finance located at the Government Palace |
Formed: | (as the Economic Division of the Finnish Governing Council) |
Jurisdiction: | Finnish Government |
Budget: | €17.195 billion (2018) |
Minister1 Name: | Riikka Purra |
Minister1 Pfo: | Minister of Finance |
Minister2 Name: | Anna-Kaisa Ikonen |
Minister2 Pfo: | Minister of Local Government |
Chief1 Name: | Juha Majanen |
Chief1 Position: | Permanent Secretary |
Child1 Agency: | Finnish Customs |
Child2 Agency: | Financial Stability Authority |
Child3 Agency: | Valtori |
Child4 Agency: | VATT |
Child5 Agency: | Population Register Centre |
Child6 Agency: | AVI |
Child7 Agency: | Register Offices |
Child8 Agency: | Shared Services Center |
Child9 Agency: | Statistics Finland |
Child10 Agency: | Tax Administration |
Child11 Agency: | Treasury |
The Ministry of Finance (FM, Finnish: Valtiovarainministeriö,[1] Swedish: Finansministeriet) is one of the 12 ministries which comprise the Finnish Government. The FM prepares the Government's economic and financial policy as well as the state budget, and acts as a tax policy expert. The ministry indirectly employs about 12,000 people through its administrative branch.[2] About 360 people are employed by the ministry itself.[3]
The FM is headed by Finland's Minister of Finance, Riikka Purra, holding the office since 20 June 2023. The ministry's most senior public official is Permanent Secretary Martti Hetemäki.[4]
For 2018, the FM's budget is €17,194,849,000.[5]
Along with the Ministry of Justice, the FM is one of the two oldest ministries in Finland.[6] Finland’s fiscal autonomy started in the Diet of Porvoo in 1809, when the Emperor of Russia and Grand Duke of Finland Alexander I solemnly declared that all taxes levied in autonomous Grand Duchy of Finland would be used solely to meet the nation’s own needs. The predecessor of Ministry of Finance was called the Economic Division of The Governing Council. It was founded to manage the civil administrative and economic affairs of the country.