Federal Department of Finance

The Federal Department of Finance (FDF, German: Eidgenössisches Finanzdepartement, French: Département fédéral des finances, Italian: Dipartimento federale delle finanze, Romansh: Departament federal da finanzasⓘ) is one of the seven departments of the Swiss federal government. The department is headquartered in Bern and 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.

Federal Department of Finance
(in German) Eidgenössisches Finanzdepartement
(in French) Département fédéral des finances
(in Italian) Dipartimento federale delle finanze
(in Romansh) Departament federal da finanzas

The Bernerhof, headquarters of the Federal Department of Finance
Agency overview
Formed1848 (1848)
JurisdictionFederal administration of Switzerland
HeadquartersBern
Employees8,048[1]
Annual budgetExpenditure: CHF 15.7 billion
Revenue: CHF 59.5 billion
(2009)[1]
Minister responsible
Child agencies
  • State Secretariat for International Financial Matters
  • Federal Finance Administration
  • Federal Office of Personnel
  • Federal Tax Administration
  • Federal Office for Customs and Border Security
  • Federal Office of Information Technology, Systems and Telecommunication
  • Federal Office for Buildings and Logistics
  • Swiss Federal Audit Office
  • FINMA
  • Swiss Federal Pension Fund
Websitewww.efd.admin.ch

Organisation

The Department is composed of the following offices:[2]

  • General Secretariat
  • State Secretariat for International Financial Matters (SIF)
  • Federal Finance Administration (FFA): Responsible for the budget, financial planning, financial policy, the federal treasury and financial equalisation between the Confederation and the cantons. It also supervises the federal mint and the Central Compensation Office (CCO) in Geneva (responsible for implementing the Swiss social security).
  • 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 Office for Customs and Border Security (FOCBS): Responsible for monitoring the import, export and transit of goods, collecting customs duties, traffic charges and taxes.
  • Federal Office of Information Technology, Systems and Telecommunication (FOITT): Provides IT services for the federal administration.
  • Federal Office for Buildings and Logistics (FOBL): Responsible for property management, central procurement of non-durable goods, federal publications and the production of the Swiss passport.

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 Authority (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.[3]
  • The main entrance
    The main entrance
  • A meeting room.
    A meeting room.

List of heads of the department

See also

References
  1. Swiss Federal Chancellery. "The Swiss Confederation – a brief guide 2009". Archived from the original on 14 May 2013. Retrieved 4 August 2009.
  2. "Organisation chart". Federal Department of Finance. Archived from the original on 7 October 2008.
  3. Federal Act on the Federal Pension Fund, of 20 December 2006 (status as of 1 January 2012), Federal Chancellery of Switzerland (page visited on 5 September 2016).

46.9462°N 7.4416°E / 46.9462; 7.4416

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