Department of Finance (Ireland) The Department of Finance is a department of the Government of Ireland . It is led by the Minister for Finance and is assisted by two Minister of State . 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.Departmental team Minister for Finance: Paschal Donohoe , TD *Minister of State for Financial Services and Insurance: Jack Chambers *Minister of State for Public Procurement and eGovernment: Ossian Smyth , TD Secretary General of the Department: Derek MoranOverview The official headquarters and ministerial offices of the department are in Government Buildings , Merrion Street , Dublin 2. 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 a number of divisions within the Department of Finance:Financial Services Division – deals with policy and legislation on the regulation of the financial services sector and the stability of the financial system . Budget Taxation and Economic Division – deals with overall budgetary policy; economic policy and forecasting; and taxation policy. Sectoral Policy Division – deals with sectoral policy advice and formulation in conjunction with the responsible departments; and public expenditure management issues.History There was a Ministry of Finance in the Ministry of Dáil Éireann of the Irish Republic established on 22 January 1919. 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: The Schedule assigned it with the duties of the following bodies: 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 . Until 1980, the position of the Minister for the Public Service was required by law to be assigned to the Minister for Finance. In 1987, these functions were transferred back to the Department of Finance. In 1980, the functions of the Department of Economic Planning were transferred to the Department of Finance. 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.Secretaries of the Department Secretary of the Department !No. !Name !colspan="2"|Term of officeSecretary General of the Department !No. !Name !colspan="2"|Term of office
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