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Irish Minister for Finance

From Academic Kids

The Minister for Finance is the senior minister at the Department of Finance (An Roinn Airgeadais) in the Irish Government. The current Minister for Finance is Brian Cowen, TD; he is assisted by Tom Parlon, TD, Minister of State with special responsibility for the Office of Public Works.

Contents

Overview

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Government Buildings, Dublin, is the location of the Department of Finance

The Minister for Finance holds the second most important ministerial position in the Irish Cabinet after that of the Taoiseach. He or she is in charge of the Department of Finance (An Roinn Airgeadais), often referred to colloquially as the Irish Exchequer, responsible for all financial matters in the Republic of Ireland. The Minister for Finance must be a member of Dáil Éireann. One of the most important aspects of the Minister's work is the creation of the annual Budget which is announced to the Dáil in a speech delivered on the first Wednesday of December. In the Budget the Minister details the Government's spending programme for the coming year.

The Department of Finance has a central role in implementing 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. According to the Ministers and Secretaries Act, 1924 the Department of Finance is responsible for ".... the administration and business generally of the public finance 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...."

There are a number of divisions within the Department of Finance. They are:

  • Banking, Finance and International Division - this Division deals with the raising and provision of money for State purpose.
  • Budget and Economic Division - deals with budgetary policy, taxation policy, incomes policy, economic forecasting and analysis and demand management.
  • Public Expenditure Division - to establish and review short-term and medium-term current and capital public expenditure targets.
  • Personnel and Remuneration Division - advises the Government on general policy on pay and conditions and in particular on such policy in relation to the public sector.
  • Organisation, Management and Training Division - this Division has overall responsibility for the management and development of the civil service.
  • Corporate Services Division - is responsible also for co-ordinating the Department's strategic management process.

List of Irish Ministers for Finance

# Name Took Office Left Office Party
1.Eoin MacNeill January 22, 1919 April 1, 1919 Sinn Féin
2.Michael Collins April 2, 1919 August 22, 1922 Sinn Féin
3.W.T. Cosgrave July 17, 1922 September 21, 1923 Pro-Treaty Sinn Féin
4.Ernest Blythe September 21, 1923 March 9, 1932 Cumann na nGaedhael
5.Seán MacEntee (1st time) March 9, 1932 September 16, 1939 Fianna Fáil
6.Seán T. O'Kelly September 16, 1939 June 14, 1945 Fianna Fáil
7.Frank Aiken June 19, 1945 February 18, 1948 Fianna Fáil
8.Patrick McGilligan February 18, 1948 June 13, 1951 Fine Gael
Seán MacEntee (2nd time) June 13, 1951 June 2, 1954 Fianna Fáil
9.Gerard Sweetman June 2, 1954 March 20, 1957 Fine Gael
10.James Ryan March 20, 1957 April 21, 1965 Fianna Fáil
11.Jack Lynch April 21, 1965 November 10, 1966 Fianna Fáil
12.Charles Haughey November 10, 1966 May 7, 1970 Fianna Fáil
13.George Colley (1st time) May 9, 1970 March 14, 1973 Fianna Fáil
14.*Richie Ryan March 14, 1973 July 5, 1977 Fine Gael
*George Colley (2nd time) July 5, 1977 December 11, 1979 Fianna Fáil
15.*Michael O'Kennedy December 12, 1979 December 16, 1980 Fianna Fáil
16.*Gene FitzGerald December 16, 1980 June 30, 1981 Fianna Fáil
17.John Bruton (1st time) June 30, 1981 March 9, 1982 Fine Gael
18.Ray MacSharry (1st time) March 9, 1982 December 14, 1982 Fianna Fáil
19.Alan Dukes December 14, 1982 February 14, 1986 Fine Gael
*John Bruton (2nd time) February 14, 1986 March 10, 1987 Fine Gael
*Ray MacSharry (2nd time) March 10, 1987 November 24, 1988 Fianna Fáil
20.Albert Reynolds November 24, 1988 November 7, 1991 Fianna Fáil
21.Bertie Ahern November 14, 1991 December 15, 1994 Fianna Fáil
22.Ruairí Quinn December 15, 1994 June 26, 1997 Labour
23.Charlie McCreevy June 26, 1997 September 29, 2004 Fianna Fáil
24.Brian Cowen September 29, 2004 (Current Incumbent) Fianna Fáil


The asterisk * shows Ministers who held both the Finance and Public Service portfolios at the same time.

List of Secretaries at the Department of Finance

# Name Took Office Left Office
1.William O'Brien February, 1922 February 21, 1923
2.Joseph Brennan February 22, 1923 September 20, 1927
3.James J. McElligott September 21, 1927 March 31, 1953
4.Owen Joseph Redmond April 1, 1953 May 29, 1956
5.T.K. Whitaker May 30, 1956 February 28, 1969
6.Charles Henry Murray March 1, 1969 February 29, 1976
7.M.N. Ó Murchú March 1, 1976 October 17, 1977
7.Tomás F. Ó Cofaigh October 18, 1977 October 31, 1981
8.Maurice F. Doyle November 1, 1981 April 30, 1987
9.Seán P. Cromien May 1, 1987 June 12, 1994
10.Paddy Mullarkey June 13, 1994 March 9, 2000
11.John Hurley March 10, 2000 March 10, 2002
12.Tom Consodine March 11, 2002 (Current Incumbent)

See also

External link


Government of Ireland Government of Ireland
An Taoiseach (Prime Minister) | An Tánaiste (Deputy Prime Minister) edit  (http://footwww.academickids.com/encyclopedia/index.php?title=Template:GovernmentofIreland&action=edit)

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