Management of public finances and economic policy

What this means

• The Department of Finance manages Ireland's public finances and advises the government on economic and fiscal policy.[source]
• It prepares the annual Budget and the Finance Bill, which set out how public money is raised and spent each year.[source]
• Its powers come from the Ministers and Secretaries Act 1924 and the Ministers and Secretaries (Amendment) Act 2011.[source]
• The department currently has 3 implementing commitments, meaning it is actively working to deliver specific policy goals.[source]
• Because it controls public spending decisions, the department is central to government accountability over how taxpayers' money is used.[source]

Direct impact (4)

• duty held by body
  Department of FinanceBody
• implements mandate via commitment
  Reduce the VAT rate to 9% for food-based hospitalityCommitment
• implements mandate via commitment
  Index income tax credits and bands to earningsCommitment
• implements mandate via commitment
  Build up the Future Ireland and Infrastructure fundsCommitment

Indirect impact (4)

Two-hop relationships traced through the entity above. Useful for spotting downstream knock-on effects.

• duty held by body → owns statutory mandate2-hop via dept-finance
  Compliance with the fiscal responsibility frameworkMandate
• duty held by body → holds role: Minister of State at the Department of Finance2-hop via dept-finance
  Robert TroyOfficeholder
• duty held by body → holds role: Minister for Finance2-hop via dept-finance
  Simon HarrisOfficeholder
• duty held by body → holds role: Secretary General, Department of Finance2-hop via dept-finance
  John HoganOfficeholder