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 two Minister of State.

Quick Facts Formed, Jurisdiction ...

Department of Finance

Department overview
Formed	22 January 1919
Jurisdiction	Government of Ireland
Headquarters	Government Buildings, Merrion Street, Dublin 53°20′21″N 6°15′13″W
Annual budget	€439 million (2017)
Minister responsible	Michael McGrath, Minister for Finance
Department executive	John Hogan, Secretary General
Child agencies	Comptroller and Auditor General Central Bank NAMA NTMA Revenue Commissioners[1]
Website	Official website

Close

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.

• Minister for Finance: Michael McGrath, TD
  • Minister of State at the Department of Finance with responsibility for Financial Services, Credit Unions and Insurance: Neale Richmond, TD^[2]
• Secretary General of the Department: John Hogan

The official headquarters and ministerial offices of the department are in Government Buildings, Merrion Street, Dublin. 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.

There are nine divisions within the Department of Finance:^[3]

• Shareholding and Financial Advisory Division
• Tax Division
• Economic Division
• Financial Services Division with responsibility for Legal Unit
• EU and International Division
• Human Resources Division
• International Finance and Climate Division
• Banking Division
• Corporate Affairs with responsibility for the Finance unit and FMU

There was a Ministry of Finance in the Ministry of Dáil Éireann of the Irish Republic established on 22 January 1919.^[4] It was provided a statutory basis by the Ministers and Secretaries Act 1924, passed soon after the establishment of the Irish Free State in 1922. This act provided it with:^[5]

the administration and business generally of the public finance of Saorstát Eireann and all powers, duties and functions connected with the same, including in particular the collection and expenditure of the revenues of Saorstát Eireann from whatever source arising (save as may be otherwise provided by law), and the supervision and control of all purchases made for or on behalf of and all supplies of commodities and goods held by any Department of State and the disposal thereof, and also the business, powers, duties and functions of the branches and officers of the public service specified in the first part of the Schedule to this Act, and of which Department the head shall be, and shall be styled an t-Aire Airgid or (in English) the Minister for Finance.

The Schedule assigned it with the duties of the following bodies:^[6]

• The business and functions formerly administered, and discharged by the British Treasury in Ireland.
• The Revenue Commissioners.
• The Paymaster General and Deputy Paymaster for Ireland.
• The Government Actuary.
• The Commissioners of Public Works in Ireland.
• The Civil Service Commission.
• The Commissioner of Valuation and Boundary Surveyor for Ireland.
• The Ordnance Survey.
• The Superintendent of the Teachers' Pension Office.
• The Stationery Office.
• The Old Age Pensions, save as regards appeals governed by Statute.
• The Post Office Savings Bank (administered through the Minister for Posts and Telegraphs as agent).
• The Registrar of Friendly Societies.

The Department of Finance has retained its title since its establishment. In 1973, its public service functions were transferred to the new Department of the Public Service.^[7] Until 1980, the position of the Minister for the Public Service was required by law to be assigned to the Minister for Finance.^[8][9] In 1987, these functions were transferred back to the Department of Finance.^[10]

In 1980, the functions of the Department of Economic Planning were transferred to the Department of Finance.^[11] These functions are principally to promote and co-ordinate 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.

In July 2011, the Department of Public Expenditure and Reform was established, and a considerable number of the functions of the Department of Finance were transferred to that department.^[12][13]

• Office of Public Works
• Revenue Commissioners
• Irish Fiscal Advisory Council
• Green Jersey Agenda
• Ireland as a tax haven