Minister of Finance

The Minister of Finance is a government official who is responsible for state financial policy. The Minister of Finance usually has an important role in determining government fiscal policy, including budget creation, state revenue collection, government spending, and state debt management. They are also responsible for supervising financial institutions, as well as managing financial relationships with external parties, such as international organizations and global financial institutions.

In many countries, the Minister of Finance is a member of the cabinet or council of ministers appointed by the head of state or head of government, whose task is to support the implementation of state financial policies.

Duties and Functions of the Minister of Finance

The following are the duties and functions of the Ministry of Finance of the Republic of Indonesia as reported on the official website Kemenkeu.go.id:

The task of the Ministry of Finance of the Republic of Indonesia is to carry out all government affairs in the field of state finance to assist the President in managing and administering state government.

Meanwhile, the functions of the Ministry of Finance of the Republic of Indonesia are as follows:

First

Formulation, determination and implementation of policies in the fields of budgeting, tax, customs and excise, treasury, state assets, financial balance, as well as financing and risk management.

Second

Formulating, closing and providing recommendations for fiscal and financial sector policies.

Third

Coordinating the implementation of tasks, coaching and providing administrative support to all organizational elements within the Ministry of Finance.

Fourth

Management of state property/wealth is the responsibility of the Ministry of Finance.

Fifth

Supervision of the implementation of tasks within the Ministry of Finance.

Sixth

Implementation of technical guidance and supervision over the implementation of Ministry of Finance affairs in the regions.

Seventh

Implementation of technical activities from the center to the regions.

Eighth

Implementation of education, training and competency certification in the field of state finance.

Ninth

Implementation of substantive support to all organizational elements within the Ministry of Finance.

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