The First Ministry of Narendra Modi is the Council of Ministers headed by Narendra Modi that was formed after the 2014 general election which was held in nine phases from 7 April to 12 May in 2014. The results of the election were announced on 16 May 2014 and this led to the formation of the 16th Lok Sabha. The Council assumed office from 27 May 2014.

The Minister of Finance is the head of the Ministry of Finance of the Government of India. One of the senior most offices of the Union Cabinet, the finance minister is responsible for the fiscal policy of the government. A key duty of the Finance Minister is to present the annual Union Budget in Parliament, detailing the government's plan for taxation and spending in the coming financial year. Through the Budget, the finance minister also outlines allocations to all the ministries and departments. The Minister is assisted by the Minister of State for Finance and the junior Deputy Minister of Finance.