Ministry of Finance (Netherlands)

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Ministry of Finance
Ministerie van Financiën
Logo-ministerie-van-financien.png
Logotype of the Ministry of Finance
Ministerie van Financiën atrium.jpg
Building of the Ministry of Finance
Department overview
Formed March 12, 1798; 219 years ago (1798-03-12)
Jurisdiction Kingdom of the Netherlands
Headquarters Korte Voorhout 7, The Hague, Netherlands
Employees 1,500
Annual budget €11,7 billion (2013)[1]
Minister responsible
Deputy Minister responsible
Website Ministry of Finance

The Ministry of Finance (Dutch: Ministerie van Financiën; Fin) is the Dutch Ministry responsible for taxation, the government budget, the implementation of a financial economic policy and the 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 Wopke Hoekstra (CDA).

Azure, billetty Or a lion with a coronet Or armed and langued Gules holding in his dexter paw a sword Argent hilted Or and in the sinister paw seven arrows Argent pointed and bound together Or. [The seven arrows stand for the seven provinces of the Union of Utrecht.] The shield is crowned with the (Dutch) royal crown and supported by two lions Or armed and langued gules. They stand on a scroll Azure with the text (Or) "Je Maintiendrai" (French for "I will maintain".)
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History[edit]

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[edit]

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[edit]

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 ministry also owns most of the shares the Dutch government owns, which are all nationalized companies, these include

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

See also[edit]

References[edit]

  1. ^ (in Dutch) IX Financiën en Nationale Schuld, Rijksoverheid, September 18, 2012

External links[edit]