Federal Department of Finance
Encyclopedia
The Federal Department of Finance ; ; ) is one of the seven departments
of the Swiss federal government. The department is headquartered in Bern and is headed by a member of the Swiss Federal Council
, Switzerland
's finance minister
. Initially, in 1848, the department was called "Department of Finance", then, from 1873 "Department of Finance and Customs", until it received its present designation in 1978.
The following independent authorities are affiliated to the FDF for administrative purposes:
Ministry (government department)
A ministry is a specialised organisation responsible for a sector of government public administration, sometimes led by a minister or a senior public servant, that can have responsibility for one or more departments, agencies, bureaus, commissions or other smaller executive, advisory, managerial or...
of the Swiss federal government. The department is headquartered in Bern and is headed by a member of the Swiss Federal Council
Swiss Federal Council
The Federal Council is the seven-member executive council which constitutes the federal government of Switzerland and serves as the Swiss collective head of state....
, Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
's finance minister
Finance minister
The finance minister is a cabinet position in a government.A minister of finance has many different jobs in a government. He or she helps form the government budget, stimulate the economy, and control finances...
. Initially, in 1848, the department was called "Department of Finance", then, from 1873 "Department of Finance and Customs", until it received its present designation in 1978.
Organisation
The Department is composed of the following offices:- General Secretariat, including the Federal Strategy Unit for IT (FSUIT).
- Federal Finance Administration (FFA): Responsible for the budget, financial planning, financial policy, the federal treasury and financial equalisation between the Confederation and the cantons. Operates the federal mintSwissmintSwissmint is the official mint of the Swiss Confederation. It is responsible for manufacturing Swiss franc coins, both of the currency and bullion variety. Apart from making coins for the government, Swissmint also manufactures medals and commemorative coins for private customers.Swissmint is an...
. - Federal Office of Personnel (FOPER): Responsible for human resources management, personnel policy and personnel training.
- Federal Tax Administration (FTA): Responsible for federal revenue collection and the application of federal tax laws in the cantons.
- Federal Customs Administration (FCA): Responsible for monitoring the import, export and transit of goods, collecting customs duties, traffic charges and taxes. Operates the Swiss Border Guard, which carries out border police duties.
- Swiss Alcohol Board (SAB): Regulates the alcohol market.
- Federal Office of Information Technology, Systems and Telecommunication (FOITT): Provides ITInformation technologyInformation technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
services for the federal administration. - Federal Office for Buildings and Logistics (FBL): Responsible for property management, central procurement of non-durable goods, federal publications and the production of the Swiss passportSwiss passportA Swiss passport is a document known as the passport of the Swiss Confederation.Swiss passports are issued to citizens of Switzerland to facilitate international travel. For traveling inside the European community, Swiss citizens can use an identity card.-History of Swiss passports :The first Swiss...
.
The following independent authorities are affiliated to the FDF for administrative purposes:
- Swiss Federal Audit Office (SFAO): The federal government audit office. Examines accounting practices and verifies the proper and efficient use of resources by the administration, other public service institutions and subsidy recipients.
- Swiss Financial Market Supervisory AuthoritySwiss Financial Market Supervisory AuthoritySwiss Financial Markets Authority is the Swiss government body responsible for financial regulation. This includes the supervision of banks, insurance companies, stock exchanges and securities dealers as well as other financial intermediaries in Switzerland.FINMA is an independent institution...
(FINMA): Regulates banks, insurances, securities dealers, investment funds and stock exchanges, as well as the disclosure of shareholding interests, public takeover bids and mortgage lenders. - Federal Pension Fund (PUBLICA): Provides insurance coverage to employees of the federal administration, the other branches of the federal government and associated organisations.
List of heads of the department
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