Ministry of Finance (Iceland)

The Icelandic Ministry of Finance (Icelandic: Fjármálaráðuneytið) is responsible for overseeing the finances of the Icelandic government. The Minister for Finance and Economic Affairs is Benedikt Jóhannesson.

From February 2009 to 2011 the Minister of Finance was Steingrímur J. Sigfússon of the Left-Green Movement. In 2011 Steingrímur took on the roles of Minister of Economic Affairs and Minister of Fisheries and Agriculture. Iceland elected a new government in April 2013.

The top civil servant in the Ministry of Finance is Baldur Gudlaugsson, who was appointed Permanent Secretary from November 1, 2000. From February 6 to April 30, 2009, Indridi H. Thorlaksson is acting Permanent Secretary while Mr. Gudlaugsson is on leave. He runs the ministry on a day-to-day basis and is the chief liaison between the Minister and the civil servants. There are six departments of the Ministry of Finance, each of which is headed by a Director-General. The Ministry staff numbers around 80 specialists and support personnel.

The Administration Department is responsible for general operations of the Ministry, preparation of the ministry's annual operational budget and supervision of the Ministry's information services. It is headed by Angantyr Einarsson since September 1, 2007.

The Budget Department's main job is to oversee the production of the government's fiscal budget. In addition the Budget Department provides support for the supplementary budget and the government accounts bill. The Budget Office oversees relations with other Ministries and the Parliament concerning the preparation of the Treasury's budget. Nokkvi Bragason is in charge of this department since March 1, 2008.

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