Ministry of Finance
Ministry of Finance
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| Current Head: Miestrâ Schivâ |
| Deputies: Martì-Paìr Furxhéir |
| Function: Manages investment and expense from the Royal Treasury |
The Ministry of Finance (La Ministrà dal Finançù, pronounced [ɫɐ minisˈtɾaː ðɐw fɪnɐnˈsu], sometimes known as "MinFin") is responsible for setting and implementing the economic policies of the Kingdom, requesting and receiving disbursals from the Royal Treasury, and directing the course of investment to be followed by the treasury for the balance of the royal funds.
The Ministry of Finance also normally serves as Chairman of the Royal Bank & Post (Banqeu es Post Rexhital). The Bank & Post is the solitary bureau under the purview of this ministry, and is responsible for the design, minting, printing, valuation, distribution, and redemption of all national currency, postage, and commemoratives.
History
Despite the usual status of the Ministry of Finance (or equivalent offices) as one of the most important posts of other national governments, the Talossan Ministry of Finance was only first appointed in 2005 under the Von Buchholtz Cabinet, and officially estabilished by the Cabinet Refinishing Act of 2006, which created the modern Cabinet structure. Before then, the duties of the current Ministry were split between the Burgermeister of Inland Revenue and the Chairman of the Royal Bank & Post.
The title of Minister of Finance was originally only a secondary title for the Chairman of the Royal Bank & Post, when invited by the Government of the day to sit in the Cabinet. With time, and with the Ministry of Finance being officially created, the title of Chairman of the Royal Bank & Post became in turn a secondary title, and is today used only infrequently.
List of Ministers of Finance
This is a list of all the Ministers of Finance that have taken office since the position was created in late 2005. Note that the title was initially a secondary title for the Chairman of the Royal Bank & Post when invited to sit in the Cabinet; the full Ministry was only estabilished by the Cabinet Refinishing Act in 2006.
Even though the post of Minister of Finance outgrew the original title of Chairman, both posts still exist in legislation and are always assigned to the same person. Therefore, this list is also a list of all Chairmen of the Royal Bank & Post since 2005, but does not include the previous appointees as the role was created in May 1999.
The first two appointments were made as Chairman of the Royal Bank & Post; from the Tecladeir Cabinet onwards, the appointments were made as Minister of Finance.
Financial reports
In obedience to statutory law, the Ministry of Finance regularly releases reports on the finances of the Kingdom, for the inspection of all citizens.
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