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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.
The Federal Department of Finance is Switzerland's ministry of finance. As of 2023, it is headed by Karin Keller-Sutter . It is composed of the following offices: [17] General Secretariat, including the Federal Strategy Unit for IT (FSUIT).
The Federal Finance Administration (FFA) [a] is the Swiss federal office responsible for drawing up the Confederation's budget, financial plan and accounts, managing its treasury, and for the financial equalization between the Confederation and the cantons. [1] It is subordinated to the Swiss Federal Department of Finance.
Keller-Sutter is a member of The Liberals and currently heads the Federal Department of Finance. [2] She previously served on the Council of States (Switzerland) from 2011 to 2019 and from 2017 to 2018 as President of the Council of States. Before that she held several political roles on the cantonal and municipal level.
It promotes international competitiveness, the integrity of Switzerland's financial centre, access to foreign financial markets and the stability of the Swiss financial sector. [1] It is an office of the federal administration of Switzerland under the responsibility of the Federal Department of Finance. [2]
The biggest change within the budget is happening in the sectors of social welfare and finance & tax. These two sectors have been growing from 35% in 1990 to 48.2% in 2010 and the Federal Department of Finance estimates that by 2015 they will account for more than half the federal budget expenditures. On the other side, during the same period ...
The Swiss Financial Market Supervisory Authority (FINMA) [a] is the Swiss government body responsible for financial regulation. This includes the supervision of banks, insurance companies, stock exchanges and securities dealers, as well as other financial intermediaries in Switzerland . [ 2 ]
It is subordinated to the Federal Department of Finance. Tasks. The FTA collects various taxes and duties in Switzerland. These include: the value added tax (VAT)