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Minister for Finance (Ireland)

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Minister for Finance (Ireland)




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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 toTaoiseach
Seat
Government Buildings,
Merrion Street, Dublin, Ireland
Appointer
President of Ireland on the nomination of the Taoiseach
Inaugural holderEoin MacNeill
Formation22 January 1919
Websitefinance.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[edit]




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[edit]


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[edit]




  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[edit]


  • National Lottery

  • Office of Public Works

  • Revenue Commissioners


References[edit]




  1. ^ "List of Ministers and Ministers of State", Department of the Taoiseach, retrieved 15 June 2017.mw-parser-output cite.citationfont-style:inherit.mw-parser-output .citation qquotes:"""""""'""'".mw-parser-output .citation .cs1-lock-free abackground: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 .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration abackground: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 .citation .cs1-lock-subscription abackground: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-registrationcolor:#555.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration spanborder-bottom:1px dotted;cursor:help.mw-parser-output .cs1-ws-icon abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center.mw-parser-output code.cs1-codecolor:inherit;background:inherit;border:inherit;padding:inherit.mw-parser-output .cs1-hidden-errordisplay:none;font-size:100%.mw-parser-output .cs1-visible-errorfont-size:100%.mw-parser-output .cs1-maintdisplay:none;color:#33aa33;margin-left:0.3em.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-formatfont-size:95%.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-leftpadding-left:0.2em.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-rightpadding-right:0.2em


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




External links[edit]


  • Department of Finance









Retrieved from "https://en.wikipedia.org/w/index.php?title=Minister_for_Finance_(Ireland)&oldid=872704739"










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