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Ministry of Finance (Austria)

Government ministry of Austria

Summary

Government ministry of Austria

Field	Value
name	Ministry of Finance
native_name	Bundesministerium für Finanzen
logo	BMF AT Logo.svg
logo_size	300
image	Winterpalais Prinz Eugen.jpg
status	Highest federal authority
type	Ministry
jurisdiction	Government of Austria
headquarters	Himmelpfortgasse 8
Innere Stadt, Vienna, Austria
formed
preceding1	Imperial and Royal Ministry of Finance
budget	€1,13 billion (2015)
minister_type	Minister
minister1_name	Markus Marterbauer (SPÖ)
chief1_position	State secretary
chief1_name	Vacant
chief2_position	General secretary
chief2_name	Thomas Schmid
website	www.bmf.gv.at

Innere Stadt, Vienna, Austria The Ministry of Finance () is the government ministry of Austria responsible for the collection of taxes and customs as well as the administration of fiscal and economic policy. It oversees the Revenue Service, the Revenue Service for Large Businesses, the Financial Police, and various other agencies.

It is headquartered in the Winter Palace of Prince Eugene, Vienna. The current Minister is Markus Marterbauer.

Structure and function

The Ministry is responsible for revenue administration at the federal level, including the government budget, matters of finance concerning the European Union, taxes, duties and tariffs. It defines and conducts the country's budgetary policy concerning currency, credit, savings banks (Sparkassen) and exchange matters, capital movements and settlement, insurance control and hallmarks. It is also concerned with economic policy, if not discharged by the Ministry of Economy.

The Finance Minister and the General Secretary chair six departments (Sektionen):

Dept. I: Office of the Minister
Dept. II: Federal budget
Dept. III: Economic policy and financial markets
Dept. IV: Taxes and tariffs
Dept. V: Information technology
Dept. VI: Fiscal policy and tax law

History

[[Winter Palace of Prince Eugene]] in Vienna, seat of the Ministry

A first Hofkammer (court chamber) stewardship for the Austrian lands was established in Vienna by Archduke Ferdinand I, in order to balance the deficient Habsburg budget. Re-established by Maria Theresa in 1760, the chamber became the k.k. Finance Ministry of the Austrian Empire upon the Revolutions of 1848 and took its seat at the former city palace of Prince Eugene.

After the Austro-Hungarian Compromise of 1867, the Austrian Finance Minister was only responsible for the Cisleithanian crown lands, while for the common financial policy of the real union, a separate Austro-Hungarian k.u.k. Finance Ministry was established. After World War I, the First Austrian Republic implemented a Staatsamt für Finanzen, which was renamed upon the adoption of the Austrian Constitution (B-VG) in 1920.

List of ministers

Main article: List of ministers of finance (Austria)

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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