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Department of Finance (Ireland)

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Formed
  
22 January 1919

Website
  
www.finance.gov.ie

Jurisdiction
  
Ireland

Department of Finance (Ireland)

Headquarters
  
Government Buildings, Merrion Street, Dublin 2, D02 R583

Minister responsible
  
Michael Noonan, TD, Minister for Finance

Department executive
  
Derek Moran, Secretary General

The Department of Finance (Irish: An Roinn Airgeadais) is a department of the Government of Ireland. It is led by the Minister for Finance and is assisted by one Minister of State.

Contents

The Department of Finance is responsible for the administration of the public finances of the Republic of Ireland and all powers, duties and functions connected with the same, including in particular, the collection and expenditure of the revenues of Ireland from whatever source arising.

Departmental team

  • Minister for Finance: Michael Noonan, TD
  • Minister of State for Financial Services, eGovernment and Public Procurement: Eoghan Murphy, TD
  • Secretary General of the Department: Derek Moran

    • Overview

    The official headquarters and ministerial offices of the department are in Government Buildings, Merrion Street, Dublin 2. The Department of Finance has a central role in implementing Irish Government policy, in particular the Programme for Government, and in advising and supporting the Minister for Finance and the Government on the economic and financial management of the State and the overall management and development of the public sector. According to the Ministers and Secretaries Act 1924 the Department of Finance is responsible for ".... the administration and business generally of the public finance of Ireland and all powers, duties and functions connected with the same, including in particular, the collection and expenditure of the revenues of Ireland from whatever source arising...."

    A government order in 1980 allocated additional functions to the Department of Finance. These functions are principally to promote and coordinate economic and social planning, including sectoral and regional planning, to identify development policies, to review the methods adopted by departments of state to implement such policies and generally to advise the government on economic and social planning matters. Under a government order of March 1987, the functions of the former Department of the Public Service were also transferred to the Department of Finance.

    There are a number of divisions within the Department of Finance. They are:

  • Financial Services Division – deals with policy and legislation on the regulation of the financial services sector and the stability of the financial system.
  • Budget Taxation and Economic Division – deals with overall budgetary policy; economic policy and forecasting; and taxation policy.
  • Sectoral Policy Division – deals with sectoral policy advice and formulation in conjunction with the responsible departments; and public expenditure management issues.
  • Public Services Management and Development – deals with public service modernisation, public service pay and conditions and public service policy. This division was transferred to the Department of Public Expenditure and Reform in July 2011.

    • References

    Department of Finance (Ireland) Wikipedia
    (Text) CC BY-SA