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Federal Department of Finance

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Federal Department of Finance

Federal Department of Finance
Agency overview
Formed 1848
Jurisdiction Federal administration of Switzerland
Headquarters Bern
Employees 8,048[1]
Annual budget Expenditure: CHF 15.7 billion
Revenue: CHF 59.5 billion
(2009)[1]
Minister responsible Eveline Widmer-Schlumpf, Federal Councillor
Website www.efd.admin.ch

The Federal Department of Finance (FDF, German: Eidgenössisches Finanzdepartement, French: Département fédéral des finances, Italian: Dipartimento federale delle finanze) 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.

Organization

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

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.

List of heads of the department

Notes and references

  1. ^ a b Swiss Federal Chancellery. "The Swiss Confederation – a brief guide 2009". 
  2. ^ "Organisation chart". Federal Department of Finance. Retrieved May 2008. 

External links

  • Federal Department of Finance

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