Ministry of Finance (Finland)

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]

Ministry of Finance
Finnish: valtiovarainministeriö
Swedish: finansministeriet
Ministry overview
FormedAugust 1809 (1809-08) (as the Economic Division of the Finnish Governing Council)
JurisdictionFinnish Government
Annual budget€17.195 billion (2018)
Ministers responsible
Ministry executive
  • Juha Majanen, Permanent Secretary
Child agencies
Websitevm.fi
Politics of Finland
State
Executive
Legislative
Judiciary
Recent elections
Political parties
Administrative divisions
Foreign relations

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]

History

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.

References
  1. "Kielitoimiston ohjepankki". Kielitoimiston ohjepankki (in Finnish). Retrieved 2018-03-21.
  2. "Ministry". Ministry of Finance in Finland. Retrieved 21 January 2017.
  3. "Ministry as a workplace". Valtiovarainministeriö. Retrieved 2018-03-21.
  4. "Senior Civil Servants". Valtiovarainministeriö. Retrieved 2018-03-21.
  5. "Valtionbudjetti.fi: talousarvioesitys 2018 visualisoituna". Valtionbudjetti.fi. Retrieved 2018-03-21.
  6. "History". Ministry of Finance in Finland. Retrieved 21 January 2017.
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