Minister for Finance (Ireland)







































Minister for Finance

Paschal Donohue (September 2017).jpeg

Incumbent
Paschal Donohoe
since 14 June 2017
Department of Finance
Member of

  • Cabinet

  • Eurogroup

  • Council of the European Union

  • Dáil Éireann
Reports to Taoiseach
Seat
Government Buildings,
Merrion Street, Dublin, Ireland
Appointer
President of Ireland on the nomination of the Taoiseach
Inaugural holder Eoin MacNeill
Formation 22 January 1919
Website finance.gov.ie

The Minister for Finance (Irish: An tAire Airgeadais) is the senior minister at the Department of Finance in the Government of Ireland. The minister is responsible for all financial and monetary matters of the state, and is considered the second most important member of the Government of Ireland, after the Taoiseach.


The current office holder is Paschal Donohoe, TD, who also serves as Minister for Public Expenditure and Reform.[1] He is assisted by:




  • Michael W. D'Arcy, TD – Minister of State at the Department of Finance


  • Patrick O'Donovan, TD – Minister of State for Public Procurement, Open Government and eGovernment[2]




Contents






  • 1 Overview


    • 1.1 Budget




  • 2 Minister for Finance since 1919


  • 3 See also


  • 4 References


  • 5 External links





Overview




Government Buildings, Dublin, is the location of the Department of Finance


The Minister for Finance holds the second most important ministerial position in the Irish Cabinet after that of the Taoiseach. He or she is in charge of the Department of Finance responsible for all financial matters in the Republic of Ireland. Due to the importance of the cabinet post, the Minister for Finance must be a member of Dáil Éireann. Many Ministers who have held the Finance portfolio have gone on to become Taoiseach, including Jack Lynch, Charles Haughey, Albert Reynolds, John Bruton, Bertie Ahern and Brian Cowen.


The department and minister are occasionally called the Irish Exchequer (or simply the Exchequer); a term previously used under the Chancellor of the Exchequer of Ireland.



Budget


One of the most important aspects of the Minister's work is the creation of the annual Budget which is announced to the Dáil in a speech, which must be delivered before 15 October due to the Two-Pack agreement . In the budget the Minister details the Government's spending programme for the coming year. The budget consists of:



  • a Financial Statement to the Dáil,

  • Budgetary Measures (a list of budgetary changes detailing the cost/yield of same),

  • Budget statistics, and

  • financial resolutions.



Minister for Finance since 1919




  Denotes acting Minister for Finance









































































































































































































































































No.
 Name
 Term of office
 Party
1.
Eoin MacNeill
 22 January 1919
 1 April 1919

Sinn Féin
2.
Michael Collins
 2 April 1919
 22 August 1922

Sinn Féin
3.
W. T. Cosgrave (acting)
 17 July 1922
 21 September 1923

Pro-Treaty Sinn Féin
4.
Ernest Blythe
 21 September 1923
 9 March 1932

Cumann na nGaedheal
5.
Seán MacEntee
 9 March 1932
 16 September 1939

Fianna Fáil
6.
Seán T. O'Kelly
 16 September 1939
 14 June 1945

Fianna Fáil
7.
Frank Aiken
 19 June 1945
 18 February 1948

Fianna Fáil
8.
Patrick McGilligan
 18 February 1948
 13 June 1951

Fine Gael

(5.)
Seán MacEntee
 13 June 1951
 2 June 1954

Fianna Fáil
9.
Gerard Sweetman
 2 June 1954
 20 March 1957

Fine Gael
10.
James Ryan
 20 March 1957
 21 April 1965

Fianna Fáil
11.
Jack Lynch
 21 April 1965
 10 November 1966

Fianna Fáil
12.
Charles Haughey
 10 November 1966
 7 May 1970

Fianna Fáil
13.
George Colley
 9 May 1970
 14 March 1973

Fianna Fáil
14.
Richie Ryan[n 1]
 14 March 1973
 5 July 1977

Fine Gael

(13.)
George Colley[n 1]
 5 July 1977
 11 December 1979

Fianna Fáil
15.
Michael O'Kennedy[n 1]
 12 December 1979
 16 December 1980

Fianna Fáil
16.
Gene Fitzgerald[n 1]
 16 December 1980
 30 June 1981

Fianna Fáil
17.
John Bruton
 30 June 1981
 9 March 1982

Fine Gael
18.
Ray MacSharry
 9 March 1982
 14 December 1982

Fianna Fáil
19.
Alan Dukes
 14 December 1982
 14 February 1986

Fine Gael

(17.)
John Bruton[n 1]
 14 February 1986
 10 March 1987

Fine Gael

(18.)
Ray MacSharry[n 1]
 10 March 1987
 24 November 1988

Fianna Fáil
20.
Albert Reynolds
 24 November 1988
 7 November 1991

Fianna Fáil


Charles Haughey (acting)
 7 November 1991
 14 November 1991

Fianna Fáil
21.
Bertie Ahern
 14 November 1991
 15 December 1994

Fianna Fáil
22.
Ruairi Quinn
 15 December 1994
 26 June 1997

Labour Party
23.
Charlie McCreevy
 26 June 1997
 29 September 2004

Fianna Fáil
24.
Brian Cowen
 29 September 2004
 7 May 2008

Fianna Fáil
25.
Brian Lenihan
 7 May 2008
 9 March 2011

Fianna Fáil
26.
Michael Noonan
 9 March 2011
 14 June 2017

Fine Gael
27.
Paschal Donohoe
 14 June 2017
Incumbent

Fine Gael




  1. ^ abcdef Ministers who held both the Finance and Public Service portfolios at the same time.




See also



  • National Lottery

  • Office of Public Works

  • Revenue Commissioners



References





  1. ^ "List of Ministers and Ministers of State", Department of the Taoiseach, retrieved 15 June 2017.mw-parser-output cite.citation{font-style:inherit}.mw-parser-output q{quotes:"""""""'""'"}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-lock-limited a,.mw-parser-output .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}


  2. ^ "List of Ministers and Ministers of State", Department of the Taoiseach, retrieved 15 June 2017




External links


  • Department of Finance









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