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Ministry of Finance (Netherlands)

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Website
  
Ministry of Finance

Founded
  
12 March 1798

Annual budget
  
117 billion EUR (2013)

Headquarters
  
The Hague

Number of employees
  
1,500

Ministry of Finance (Netherlands) healthmarketinnovationsorgsitesdefaultfilesst

Formed
  
March 12, 1798; 218 years ago (1798-03-12)

Jurisdiction
  
Kingdom of the Netherlands

Minister responsible
  
Jeroen Dijsselbloem, Minister of Finance

Deputy Minister responsible
  
Eric Wiebes, State Secretary for Finance

The Ministry of Finance (Dutch: Ministerie van Financiën; Fin) is the Dutch Ministry responsible for Finance, Taxation, Financial economic policy and supervision of the Financial markets. The Ministry was created in 1798 as the Department of Finance and in 1876 became the Ministry of Finance. The Ministry is headed by the Minister of Finance, currently Jeroen Dijsselbloem.

Contents

History

The ministry was founded in 1798. In the early history of the ministry, the Prime Minister often served as Minister of Finance. Pieter Philip van Bosse served as Minister of Finance five times. Since 1965 a State Secretary has been appointed each formation with responsibility for taxation. The most recent Prime Minister to serve as his own Minister of Finance was Jelle Zijlstra (1966–67).

Responsibilities

The ministry has the duty to "guard the treasury and aim for a financially sound and prosperous state of the Netherlands.

  • It is responsible for the income and expenditure of the Kingdom of the Netherlands.
  • It collects the taxes and develops fiscal legislation.
  • It seeks to expend the budget of the government responsibly, efficiently and effectively.
  • It is also responsible for financial-economic policy.
  • It supervises the financial markets, banks and financial transfers.

    • Organisation

    The ministry is currently headed by one minister and one State Secretary. The ministry's main office is located in the centre of The Hague at the Korte Voorhout. It employs almost 1,500 civil servants. The civil service is headed by a secretary general and a deputy secretary general, who head a system of four directorates general:

  • General Thesaury (financial economic policy)
  • Directorate General for the Budget
  • Directorate General for Fiscal Affairs
  • Directorate General for Taxation

    • It is also responsible for several decentralized services:

  • The agency in Amsterdam
  • The Tax and Customs Administration, the Dutch revenue service, which includes the customs service and the fiscal policy
  • Service for State Property

    • The ministry also owns most of the shares the Dutch government owns, which are all nationalized companies. These include

  • ABN AMRO Group NV (100%)
  • Connexxion Holding NV (33%)
  • Centrale Organisatie voor Radio-actief Afval (COVRA) NV (100%)
  • De Nederlandsche Bank NV (100%)
  • Koninklijke Nederlandse Munt NV (100%)
  • NV Nederlandse Gasunie (100%)
  • NV Nederlandse Spoorwegen (100%)
  • NOB Holding (100%)
  • NV Luchthaven Schiphol (75,8%)
  • Havenbedrijf Rotterdam (33%)
  • Gasterra (voorheen Gasunie T&S) (100%)
  • Koninklijke Luchtvaart Maatschappij NV (5,9%)
  • SNS Bank NV (100%)
  • SNS REAAL NV (100%)
  • TenneT (100%)

    • It also responsible for overseeing the independent government financial regulatory agency:

  • Netherlands Authority for the Financial Markets (AFM)

    • List of Ministers of Finance

    For full list, see List of Ministers of Finance of the Netherlands. (Dutch)

    References

    Ministry of Finance (Netherlands) Wikipedia
    (Text) CC BY-SA