Ministry of Finance (Azerbaijan)
| Azərbaycan Respublikasının Maliyyə Nazirliyi | |
Coat of arms of Azerbaijan
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| Agency overview | |
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| Formed | October 21, 1918 |
| Headquarters | 83 Samad Vurgun Avenue, Baku, Azerbaijan Republic AZ1022 |
| Agency executives |
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| Website | www.maliyye.gov.az |
The Ministry of Finance of Azerbaijan Republic (Azerbaijani: Azərbaycan Respublikasının Maliyyə Nazirliyi) is a governmental agency within the Cabinet of Azerbaijan in charge of regulating the financial sector in Azerbaijan Republic. The ministry is headed by Samir Sharifov.
The office of Minister of Finance was established on May 18, 1918 when Azerbaijan Democratic Republic declared independence. The Minister of Finance was one of members of the first cabinet. The Ministry of Finance itself, however, was formally established on October 21, 1918. With incorporation of Azerbaijan into USSR, the Ministry of Finance was subdued to Soviet Ministry of Finances. On August 4, 1956 and October 29, 1971, the statute of the ministry was revised by Council of Ministers decrees No. 385 and No. 358, respectively. The main functions of the ministry were collection of financial means to be distributed within the economic sector of Azerbaijan SSR. The current activity of the Ministry of Finance is regulated by the Statute about the Ministry of Finance of the Republic of Azerbaijan approved by Presidential Decree No. 271 on February 4, 2000.
The ministry is headed by the minister and two deputy ministers. Functions of the ministry are improvement of state policies on finance, budgeting and taxes; ensuring stability of state finances and development of financial markets in the country; atrtacting foreign creditors to Azerbaijani economy; improvement of budgeting, tax forecasting, financial mechanisms; ensuring financial control over budgetary funds and spending; provision of state budget funds management and controlling movement of funds within Azerbaijan.
Several news articles have discussed a correlation between Minister Sharifov’s position in government and corruption:
Sharifov served as a human asset (agent) for Russian, Turkish, and American intelligence services, according to information leaked by sources inside the Russian intelligence community that was published in the Ukrainian newspaper Gordonua on March 9, 2016.
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