Finland State Treasury

Last updated
State Treasury
Finnish: Valtiokonttori
Valtiokonttori tunnus.svg
Government agency overview
Formed1876;148 years ago (1876) [1]
Headquarters Sörnäisten Rantatie 13, Hakaniemi, Helsinki, Finland
Employees348 (2023) [2]
Annual budget€2.1 billion (2023) [3]
Minister responsible
Government agency executive
  • Timo Laitinen, Director-General
Website www.valtiokonttori.fi

Finland State Treasury (Finnish : Valtiokonttori; Swedish : Statskontoret) is a Finnish central agency operating under the Ministry of Finance. The State Treasury is responsible for state internal service production and development. This includes state financing activities, central accounting, financial management, and payment transactions, as well as reporting of state financial and personnel information, internal insurance operations of the state, and state inheritance. [4]

Contents

The State Treasury employs approximately 300 people and has offices at Hakaniemi, Helsinki, at Sörnäisten Rantatie 13. [5] The State Treasury also supports state organizations in the changing work environment, promotes data-driven decision-making, and develops municipal financial information services. The acting Director-General of the State Treasury is Timo Laitinen. [6]

History

The State Treasury was established by an imperial decree for the management of state finances. Prior to the establishment of the State Treasury, these tasks were the responsibility of the Bank of Finland. Emperor Alexander II approved the establishment of the State Treasury on June 30, 1875. The operations of the Finnish State Treasury began on January 1, 1876. [7]

The State Treasury was entrusted with state assets, from which it was to make state expenditures and invest any surplus profitably. From 1901 to 1932, and again from 1965 onwards, it was also responsible for the supervision, accounting, and financial statements of state cash transactions, which at other times belonged to auditing authorities. [8]

Later, its responsibilities were expanded to include the management of state securities, state debt management, and lending and borrowing activities. Since 1959, it has also been responsible for paying pensions and burial aid from state funds. [9]

Organization

The State Treasury is led by the Director-General, supported by the management team. The organisation of the State Treasury is made up of divisions. The substantive business areas are Citizen Services, Finance, Data, and Labor, and State Grant Services. Their operations are supported by the Administration and Development and Information Technology sectors. In addition, the State Treasury's organization includes Internal Audit directly under the Director-General's supervision. [10]

Directors-General of the State Treasury

Directors-in-chief

Directors-General

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References

  1. ↑ "History". Valtiokonttori. Retrieved 2024-03-07.
  2. ↑ "Personnel Information". Tutki hallintoa. Retrieved 2024-01-28.
  3. ↑ "State Budgetary Expenditure by Accounting Unit". Tutki hallintoa. Retrieved 2024-01-28.
  4. ↑ "Hallituksen Esitys Eduskunnalle Valtion Talousarvioksi Vuodelle 2021" (PDF). www.eduskunta.fi. 2020. Retrieved 2024-03-07.
  5. ↑ "State Treasury in a nutshell". Valtiokonttori. Retrieved 2024-03-07.
  6. 1 2 "Directors-in-chief and Directors General". Valtiokonttori. Retrieved 2024-03-07.
  7. ↑ "Milestones in history: The 19th century". Valtiokonttori. Retrieved 2024-03-07.
  8. ↑ "Milestones in history: 1900–1970". Valtiokonttori. Retrieved 2024-03-07.
  9. ↑ Pääjohtajakunta, pp. 246–247. SKS, Helsinki 2005.
  10. 1 2 "Our organisation". Valtiokonttori. Retrieved 2024-03-07.
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