Ministry of Finance (Azerbaijan)

Ministry of Finance (Azerbaijan)
Ministry of Finance of Azerbaijan Republic
Azərbaycan Respublikasının Maliyyə Nazirliyi
Coat of arms of Azerbaijan.svg
Coat of Arms of Azerbaijan
Agency overview
Formed October 21, 1918
Headquarters 83 Samad Vurgun Avenue, Baku, Azerbaijan Republic AZ1022
Agency executives Samir Sharifov, Minister of Finance
Ilgar Fati-zade, Deputy Minister
Azer Bayramov, Deputy Minister
Website
www.maliyye.gov.az

The Ministry of Finance of Azerbaijan Republic (Azerbaijani: Azərbaycan Respublikasının Maliyyə Nazirliyi) is a governmental agency within the Cabinet of Azerbaijan in charge of regulating the financial sector in Azerbaijan Republic. The ministry is headed by Samir Sharifov.[1]

Contents

History

The office of Minister of Finance was established on May 18, 1918 when Azerbaijan Democratic Republic declared independence. The Minister of Finance was one of members of the first cabinet. The Ministry of Finance itself, however, was formally established on October 21, 1918. With incorporation of Azerbaijan into USSR, the Ministry of Finance was subdued to Soviet Ministry of Finances. On August 4, 1956 and October 29, 1971, the statute of the ministry was revised by Council of Ministers decrees No. 385 and No. 358, respectively. The main functions of the ministry were collection of financial means to be distributed within the economic sector of Azerbaijan SSR. The current activity of the Ministry of Finance is regulated by the Statue about the Ministry of Finance of the Republic of Azerbaijan approved by Presidential Decree No. 271 on February 4, 2000.[2]

Structure

The ministry is headed by the minister and two deputy ministers.[2] Functions of the ministry are improvement of state policies on finance, budgeting and taxes; ensuring stability of state finances and development of financial markets in the country; atrtacting foreign creditors to Azerbaijani economy; improvement of budgeting, tax forecasting, financial mechanisms; ensuring financial control over budgetary funds and spending; provision of state budget funds management and controlling movement of funds within Azerbaijan.[3]

List of Ministers

Finance Ministers of Azerbaijan Democratic Republic

  • Nasib Yusifbeyli, May 1918 - June 1918
  • Abdulali bey Amirjanov, June 1918 - October 1918
  • Mammad Hasan Hajinski, October 1918 - December 1918
  • I. Protasov, December 1918 - March 1919
  • A. Hasanov, March 1919 - December 1919
  • R. Gaplanov, 1919 - 1920

Finance Ministers of Azerbaijan SSR

  • N. Tagiyev, 1920 - 1922
  • Mirzabekyan, 1923 - 1924
  • Mirza Davud Huseynov, 1925 - 1925
  • A. Ibrahimov, 1926 - 1926
  • T. Aliyev, 1927 - 1930
  • A. Mammadov, 1931 - 1931
  • N. Ibrahimov, 1932 - 1934
  • Atakishiyev, 1935 - 1935
  • N. Tagiyev, 1936 - 1937
  • Mirabutalib Samadov, 1938 - 1949
  • Rza Sadikhov, 1950 - 1957
  • Gurban Khalilov, 1958 - 1969
  • Bakhshali Bakhshaliyev, 1970 - 1987
  • Bedir Garayev, 1987 - 1991

Finance Ministers of Azerbaijan Republic

  • Bedir Garayev, 1991 - 1992
  • Saleh Mammadov, 1992 - 1993
  • Fikrat Yusifov, 1994 - July 11, 1999
  • Avaz Alakbarov, July 11, 1999 - April 18, 2006
  • Samir Sharifov, April 18, 2006 - Incumbent[4]

See also

References



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