Ministry of Finance (Malaysia)
| Kementerian Kewangan | |
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| Ministry overview | |
|---|---|
| Formed | 31 August 1957 |
| Jurisdiction | Government of Malaysia |
| Headquarters | Ministry of Finance Complex, No. 5, Persiaran Perdana, Precinct 2, Federal Government Administrative Centre, 62592 Putrajaya |
| Employees | 22,553 (2016) |
| Annual budget | MYR 4,477,224,300 (2016) |
| Ministers responsible | |
| Deputy Ministers responsible |
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| Ministry executives |
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| Website | www |
The Ministry of Finance (Malay: Kementerian Kewangan), abbreviated MOF, is a ministry of the Government of Malaysia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the Malaysian federal budget. The Ministry of Finance also oversees financial legislation and regulation. Each year in October, the Minister of Finance presents the Malaysian federal budget to the Parliament.
The Minister of Finance administers his functions through the Ministry of Finance and a range of other government agencies. The current Minister of Finance is Najib Razak, whose term began on September 2008. The current Second Minister of Finance is Johari Abdul Ghani. The current Deputy Ministers of Finance are Othman Aziz and Lee Chee Leong.
Its headquarters is in Ministry of Finance Complex, Putrajaya.
The Minister of Finance is the minister in charge of government revenue and expenditure. The Minister oversees economic policy: fiscal policy is within the Minister's direct responsibility, while monetary policy is implemented by the politically independent Central Bank of Malaysia, the head of which is appointed by the Yang di-Pertuan Agong. The Minister of Finance also oversees financial legislation and regulation. Each year in October, the Minister of Finance presents the Malaysian federal budget to the Parliament.
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