Knowledge (XXG)

Ministry of Finance (Iceland)

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The main role of the Personnel Policy Department is to represent the Ministry in labor market matters and to present its views. The department also offers advice on the implementation and interpretation of laws, regulations, agreements and government decisions. The Wage Negotiations Committee of the
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The Budget Department's main job is to oversee the production of the government's fiscal budget. In addition the Budget Department provides support for the supplementary budget and the government accounts bill. The Budget Office oversees relations with other Ministries and the Parliament concerning
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The Economic Department is in charge of economic studies in Iceland. This involves surveying the economic situation and its prospects, and forecasting economic trends based on macroeconomic models. The Economic Department is also responsible for providing the revenue forecast for the fiscal budget
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is acting Permanent Secretary while Mr. Gudlaugsson is on leave. He runs the ministry on a day-to-day basis and is the chief liaison between the Minister and the civil servants. There are six departments of the Ministry of Finance, each of which is headed by a
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and performing research into tax and benefit systems. The department oversees the Treasury’s domestic and international cooperation concerning economic matters. Thorsteinn Thorgeirsson is Director-General for this department since January 1, 2005.
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The Administration Department is responsible for general operations of the Ministry, preparation of the ministry's annual operational budget and supervision of the Ministry's information services. It is headed by
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The Financial Management Department manages the government's assets and the Treasury fund. This department also ensures the proposed budget is carried out as per legal requirements and that the
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and interpret existing laws. It also conducts research into the impact of existing taxes and tax changes. The Director-General of this department is
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The main task of the department is to deal with tax matters, to draft bills for the
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Indridi H. Thorlaksson installed as acting Permanent Secretary, February 5, 2009
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Transparent government operations and an effective organizational structure
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Delivery of a reliable service with the emphasis on professional work
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Thorsteinn Thorgeirsson appointed Director-General, November 9, 2004
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Baldur Gudlaugsson appointed Permanent Secretary, October 6, 2000
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Responsible and performance oriented management of state finances
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is run efficiently. The Director-General of this department is
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Angantyr Einarsson appointed Director-General, August 15, 2008
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government operates in close cooperation with the department.
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Nokkvi Bragason appointed Director-General, December 31, 2008
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from November 1, 2000. From February 6 to April 30, 2009,
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is in charge of this department since March 1, 2008.
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Archived from 409: 160: 133: 39: 873:(Social Democratic) (1987–1988) 845:(Social Democratic) (1979–1980) 733:(Progressive Party) (1934–1939) 727:(Progressive Party) (1931–1934) 715:(Progressive Party) (1928–1931) 709:(Progressive Party) (1928–1929) 612:The Ministry's main goals are: 552:Financial Management Department 647:Kingdom of Iceland (1918–1942) 603:Skattrannsóknarstjóri Ríkisins 496:in the Ministry of Finance is 390:Iceland and the European Union 1: 953:Þórdís Kolbrún R. Gylfadóttir 619:and a high standard of living 16:Icelandic government ministry 1159:Finance and Economic Affairs 23:Headquarters of the ministry 642:Former Ministers of Finance 568:Personnel Policy Department 1274: 955:(Independence) (2023-2024) 949:(Independence) (2017–2023) 937:(Independence) (2013-2017) 929:Social Democratic Alliance 919:Social Democratic Alliance 901:(Independence) (2005–2009) 895:(Independence) (1998–2005) 889:(Independence) (1991–1998) 881:Social Democratic Alliance 867:(Independence) (1985–1987) 861:(Independence) (1983–1985) 833:(Independence) (1974–1978) 821:(Independence) (1965–1971) 815:(Independence) (1959–1965) 793:(Progressive) (1950–1954) 781:(Independence) (1949–1950) 775:(Independence) (1947–1949) 769:(Independence) (1944–1947) 721:(Progressive Party) (1931) 600: 240:President Benedikt Bogason 1192: 1169:Industries and Innovation 1137: 839:(Progressive) (1978–1979) 827:(Progressive) (1971–1974) 799:(Progressive) (1954–1958) 787:(Progressive) (1950–1954) 526:since September 1, 2007. 517:Administration Department 300:List of political parties 190:Prime Minister of Iceland 959:Sigurður Ingi Jóhannsson 905:Steingrímur J. Sigfússon 871:Jón Baldvin Hannibalsson 803:Guðmundur Í. Guðmundsson 482:Sigurður Ingi Jóhannsson 397:(1950s / 1970s) 313:Administrative divisions 232:Supreme Court of Iceland 1142:Prime Minister's Office 831:Matthías Árni Mathiesen 681:Heimastjórnarflokkurinn 63:Constitution of Iceland 1149:Education and Children 877:Ólafur Ragnar Grímsson 843:Sighvatur Björgvinsson 506:Indridi H. Thorlaksson 471: 24: 1258:Ministries of finance 1229:64.14778°N 21.93167°W 1131:Ministries of Iceland 915:Oddný G. Harðardóttir 825:Halldór E. Sigurðsson 608:Goals of the Ministry 247:Justices of the Court 128:Members of Parliament 84:Constitutional reform 22: 943:(Reform) (2017-2017) 941:Benedikt Jóhannesson 591:Marianna Jonasdottir 500:, who was appointed 478:Icelandic government 169:President of Iceland 1234:64.14778; -21.93167 1225: /  947:Bjarni Benediktsson 935:Bjarni Benediktsson 925:Katrín Júlíusdóttir 773:Jóhann Þ. Jósefsson 719:Tryggvi Þórhallsson 707:Tryggvi Þórhallsson 697:Magnús Kristjánsson 543:Economic Department 502:Permanent Secretary 466:Ministry of Finance 375:Diplomatic missions 198:Bjarni Benediktsson 32:Politics of Iceland 1200:Statistics Iceland 859:Albert Guðmundsson 741:Independence Party 665:Magnús Guðmundsson 653:Björn Kristjánsson 617:Economic stability 524:Angantyr Einarsson 498:Baldur Gudlaugsson 472:Fjármálaráðuneytið 416:Iceland portal 25: 1208: 1207: 1078:www.government.is 965:) (2024- Present) 899:Árni M. Mathiesen 887:Friðrik Sophusson 865:Þorsteinn Pálsson 853:People's Alliance 813:Gunnar Thoroddsen 807:Social Democratic 791:Skúli Guðmundsson 725:Ásgeir Ásgeirsson 701:Progressive Party 562:Thorhallur Arason 530:Budget Department 459: 458: 368:Foreign relations 293:Political parties 177:Halla Tómasdóttir 116:Birgir Ármannsson 1265: 1240: 1239: 1237: 1236: 1235: 1230: 1226: 1223: 1222: 1221: 1218: 1124: 1117: 1110: 1101: 1082: 1081: 1070: 1053: 1052: 1041: 1032: 1027: 1021: 1016: 1010: 1005: 999: 994: 988: 983: 797:Eysteinn Jónsson 785:Eysteinn Jónsson 731:Eysteinn Jónsson 691:Íhaldsflokkurinn 575:Gunnar Bjornsson 558:executive branch 511:Director-General 474: 451: 444: 437: 414: 413: 412: 398: 355: 341: 327: 164: 137: 43: 27: 1273: 1272: 1268: 1267: 1266: 1264: 1263: 1262: 1243: 1242: 1233: 1231: 1227: 1224: 1219: 1216: 1214: 1212: 1211: 1209: 1204: 1188: 1164:Foreign Affairs 1133: 1128: 1091: 1086: 1085: 1072: 1071: 1056: 1043: 1042: 1035: 1028: 1024: 1017: 1013: 1006: 1002: 995: 991: 984: 980: 975: 767:Pétur Magnússon 753: 677:Klemens Jónsson 659:Sigurður Eggerz 649: 644: 610: 605: 599: 583: 570: 554: 545: 537:Nokkvi Bragason 532: 519: 490: 455: 426: 422:Other countries 410: 408: 403: 402: 396: 370: 360: 359: 349: 335: 334:Municipalities 321: 315: 305: 304: 295: 285: 284: 280:2012 referendum 276: 262: 252: 251: 226: 216: 215: 207: 158: 148: 147: 139: 99: 89: 88: 80: 57: 34: 17: 12: 11: 5: 1271: 1269: 1261: 1260: 1255: 1245: 1244: 1206: 1205: 1203: 1202: 1193: 1190: 1189: 1187: 1186: 1181: 1176: 1171: 1166: 1161: 1156: 1151: 1145: 1144: 1138: 1135: 1134: 1129: 1127: 1126: 1119: 1112: 1104: 1098: 1097: 1090: 1089:External links 1087: 1084: 1083: 1054: 1051:on 2010-03-25. 1033: 1022: 1011: 1000: 989: 977: 976: 974: 971: 967: 966: 956: 950: 944: 938: 932: 922: 912: 902: 896: 893:Geir H. Haarde 890: 884: 874: 868: 862: 856: 849:Ragnar Arnalds 846: 840: 834: 828: 822: 819:Magnús Jónsson 816: 810: 800: 794: 788: 782: 779:Björn Ólafsson 776: 770: 764: 757:Björn Ólafsson 752: 749: 745: 744: 734: 728: 722: 716: 710: 704: 694: 687:Jón Þorláksson 684: 674: 671:Magnús Jónsson 668: 662: 656: 648: 645: 643: 640: 639: 638: 635: 632: 629: 626: 623: 620: 609: 606: 601:Main article: 598: 595: 582: 579: 569: 566: 553: 550: 544: 541: 531: 528: 518: 515: 489: 486: 457: 456: 454: 453: 446: 439: 431: 428: 427: 425: 424: 418: 405: 404: 401: 400: 392: 387: 382: 377: 371: 366: 365: 362: 361: 358: 357: 344: 343: 330: 329: 316: 311: 310: 307: 306: 303: 302: 296: 291: 290: 287: 286: 283: 282: 275: 274: 269: 263: 258: 257: 254: 253: 250: 249: 243: 242: 236: 235: 227: 222: 221: 218: 217: 214: 213: 206: 205: 194: 193: 185: 184: 173: 172: 159: 154: 153: 150: 149: 146: 145: 143:Constituencies 131: 130: 124: 123: 109: 108: 100: 95: 94: 91: 90: 87: 86: 79: 78: 73: 67: 66: 58: 53: 52: 49: 48: 45: 44: 36: 35: 30: 15: 13: 10: 9: 6: 4: 3: 2: 1270: 1259: 1256: 1254: 1251: 1250: 1248: 1241: 1238: 1201: 1198: 1195: 1194: 1191: 1185: 1182: 1180: 1177: 1175: 1172: 1170: 1167: 1165: 1162: 1160: 1157: 1155: 1152: 1150: 1147: 1146: 1143: 1140: 1139: 1136: 1132: 1125: 1120: 1118: 1113: 1111: 1106: 1105: 1102: 1096: 1095:Official site 1093: 1092: 1088: 1079: 1075: 1069: 1067: 1065: 1063: 1061: 1059: 1055: 1050: 1046: 1040: 1038: 1034: 1031: 1026: 1023: 1020: 1015: 1012: 1009: 1004: 1001: 998: 993: 990: 987: 982: 979: 972: 970: 964: 960: 957: 954: 951: 948: 945: 942: 939: 936: 933: 931:) (2012-2013) 930: 926: 923: 921:) (2011-2012) 920: 916: 913: 911:) (2009–2011) 910: 906: 903: 900: 897: 894: 891: 888: 885: 883:) (1989–1991) 882: 878: 875: 872: 869: 866: 863: 860: 857: 855:) (1980–1983) 854: 850: 847: 844: 841: 838: 837:Tómas Árnason 835: 832: 829: 826: 823: 820: 817: 814: 811: 809:) (1958–1959) 808: 804: 801: 798: 795: 792: 789: 786: 783: 780: 777: 774: 771: 768: 765: 763:) (1942–1944) 762: 758: 755: 754: 750: 748: 743:) (1939–1942) 742: 738: 735: 732: 729: 726: 723: 720: 717: 714: 713:Einar Árnason 711: 708: 705: 703:) (1927–1928) 702: 698: 695: 693:) (1924–1927) 692: 688: 685: 683:) (1923–1924) 682: 678: 675: 672: 669: 666: 663: 660: 657: 654: 651: 650: 646: 641: 636: 633: 630: 627: 624: 621: 618: 615: 614: 613: 607: 604: 596: 594: 592: 588: 580: 578: 576: 567: 565: 563: 559: 551: 549: 542: 540: 538: 529: 527: 525: 516: 514: 512: 507: 503: 499: 495: 494:civil servant 487: 485: 483: 479: 475: 473: 467: 464: 452: 447: 445: 440: 438: 433: 432: 430: 429: 423: 420: 419: 417: 407: 406: 399: 393: 391: 388: 386: 383: 381: 378: 376: 373: 372: 369: 364: 363: 356: 353: 346: 345: 342: 339: 332: 331: 328: 325: 318: 317: 314: 309: 308: 301: 298: 297: 294: 289: 288: 281: 278: 277: 273: 272:Parliamentary 270: 268: 265: 264: 261: 256: 255: 248: 245: 244: 241: 238: 237: 234: 233: 229: 228: 225: 220: 219: 212: 209: 208: 203: 199: 196: 195: 192: 191: 187: 186: 182: 178: 175: 174: 171: 170: 166: 165: 163: 157: 152: 151: 144: 141: 140: 138: 136: 129: 126: 125: 121: 117: 114: 111: 110: 107: 106: 102: 101: 98: 93: 92: 85: 82: 81: 77: 74: 72: 69: 68: 65: 64: 60: 59: 56: 51: 50: 47: 46: 42: 38: 37: 33: 28: 21: 1210: 1196: 1077: 1049:the original 1025: 1014: 1003: 992: 981: 968: 760: 746: 737:Jakob Möller 690: 680: 611: 584: 571: 555: 546: 533: 520: 491: 469: 468:(Icelandic: 465: 460: 351: 338:Sveitarfélög 337: 323: 267:Presidential 230: 188: 167: 132: 103: 61: 1232: / 963:Progressive 761:independent 673:(1922–1923) 667:(1920–1922) 661:(1917–1920) 348:Localities 324:Landshlutar 97:Legislature 1247:Categories 1220:21°55′54″W 1217:64°08′52″N 973:References 909:Left Green 385:in Iceland 380:of Iceland 352:Kaupstaðir 55:Government 969:Source: 747:Source: 463:Icelandic 395:Cod Wars 260:Elections 224:Judiciary 156:Executive 1197:Defunct: 1174:Interior 587:Althingi 492:The top 320:Regions 76:Taxation 1184:Welfare 211:Cabinet 113:Speaker 105:Althing 655:(1917) 461:The 71:Law 1249:: 1076:. 1057:^ 1036:^ 593:. 564:. 484:. 1123:e 1116:t 1109:v 1080:. 961:( 927:( 917:( 907:( 879:( 851:( 805:( 759:( 739:( 699:( 689:( 679:( 450:e 443:t 436:v 354:) 350:( 340:) 336:( 326:) 322:( 204:) 202:D 200:( 183:) 181:I 179:( 122:) 120:D 118:(

Index


Politics of Iceland

Government
Constitution of Iceland
Law
Taxation
Constitutional reform
Legislature
Althing
Speaker
Birgir Ármannsson
D
Members of Parliament

Constituencies
Executive

President of Iceland
Halla Tómasdóttir
I
Prime Minister of Iceland
Bjarni Benediktsson
D
Cabinet
Judiciary
Supreme Court of Iceland
President Benedikt Bogason
Justices of the Court
Elections

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