Ministry of Finance (RSFSR) explained

Agency Name:Ministry of Finance of the RSFSR
Nativename:Министерство финансов РСФСР
Superseding:Ministry of Economics and Finance of the Russian Federation (1991), Ministry of Finance of the Russian Federation (1992)
Jurisdiction:Russian Soviet Federative Socialist Republic
Headquarters:Moscow, RSFSR, Soviet Union

The Ministry of Finance of the Russian Soviet Federative Socialist Republic (Russian: Министерство финансов РСФСР), known prior to 1946 as the People's Commissariat for Finance (Russian: Народный комиссариат финансов), or shortened to Narkomfin, was part of the government of the Russian Soviet Federative Socialist Republic from 1918 until the fall of the USSR in 1991. It was subordinate to the Ministry of Finance of the USSR.

History

The Narkomfin commissar was part of Sovnarkom. Nikolai Krestinsky was the first commissar, appointed in 1918. However, following the introduction of the New Economic Policy, Narkomfin was made responsible for Gosbank,[1] the State Bank of the RSFSR and then the Soviet Union. On 26 November 1921, Lenin issued a note calling for the appointment of Grigory Sokolnikov, who took control of the organisation in 1922, although his formal position was not ratified until December 1922.[2]

In 1946, the People's Commissariat for Finance was transformed and renamed into the Ministry of Finance of the RSFSR.

After the failed August Coup of 1991, Boris Yeltsin and the RSFSR Ministry of Finance claimed authority over the Ministry of Finance of the USSR, the Gosbank, and Vnesheconombank. These Soviet institutions could not carry out any orders without the consent of the RSFSR Ministry of Finance. The Ministry of Finance of the USSR continued functioning until the Ministry of Finance of the RSFSR issued a decree completing its takeover of the Soviet financial system. The RSFSR Ministry of Finance was succeeded by the Ministry of Economics and Finance of the Russian Federation (1991), and the Ministry of Finance of the Russian Federation (1992).

Commissars and ministers

Name Took office Left office
People's Commissar for Finance of the RSFSR
27 October 191730 October 1917
30 October 191721 March 1918
21 March 191816 August 1918
16 August 191822 November 1922
22 November 19226 July 1923
Miron Vladimirov6 July 1923November 1924
December 1924December 1929
January 1930September 1937
Vasily PopovFebruary 193820 April 1939
Mikhail Umnov21 April 1939September 1939
October 193928 March 1941
Alexei Poskonov28 March 194118 July 1945
18 July 194523 March 1946
Minister of Finance of the RSFSR
23 March 1946July 1949
September 1949March 1973
March 197310 May 1990
18 July 19905 December 1990
5 December 199011 November 1991

See also

References

Notes

Bibliography

Notes and References

  1. http://www.cbr.ru/eng/today/history/gosbank.asp The State Bank of the USSR
  2. http://members.optusnet.com.au/spainter/Sokolnikov.html Between right and left: Grigorii Yakovlevich Sokolnikov and the development of the Soviet state, 1921–1929