Logo

Introduction of the Ministry

The Ministry of Finance is the government’s expert in the implementation of tax, financial, fiscal and public policies, and in setting economic goals.
THE MINISTRY’s AREAS OF ACTIVITY:
  • Coordinating and implementing the state’s fiscal policy;
     
  • Planning tax and customs policy, and maintaining a stable tax system;
     
  • Economic analysis and forecast;
     
  • Development of public services;
     
  • Coordinating regional affairs;
     
  • Reviewing businesses state aid permit applications and advising aid donors;
     
  • Advising suppliers and tenderers on carrying out public procurements, and supervising public procurements;
     
  • Collecting national statistics;
     
  • Organising and coordinating the implementation of the government’s internal control system as well as the professional activities of internal auditors;
     
  • State accountancy;
     
  • Execution of payments for State institutions, investment of financial reserves, borrowing for the State and granting of loans and state guarantees;
     
  • Financial management of foreign assistance received through EU cohesion policy funds, Recovery and Reisilence Facility,  but also the Norwegian and EEA Financial Mechanisms, Estonian-Swiss Cooperation Programme and others available;
     
  • Coordinating the aid available to Estonia;
     
  • Financial and insurance policy;
     
  • Planning and coordinating the state’s real estate and participation policies.

Development plan and mission of the Ministry of Finance


Our mission
Knowing the possibilities, we create solutions – we stand to make sure that the implementation of the government’s policy is targeted and financed according to what is possible and by keeping the well-being of the Estonian people in mind.

Our vision
Our activities contribute to making the state financially sustainable, well-functioning and regionally balanced – it is great to live and find self-realisation anywhere in Estonia.

Our values

  • We are inclusive and transparent in our work. We appreciate flexibility and dare to test new ideas and solutions. It is important for us to be OPEN.
  • We are analytical and knowledge-based. In our decisions, we take into account the long-term processes of the society and resources available. At the same time, we are human and caring. It is important for us to be CONSIDERATE.
  • We always talk about things the way they are and avoid excesses. We are fair towards both our colleagues and partners. We admit our mistakes and expect others to admit to theirs as well. You can count on us. It is important for us to be HONEST.
  • We perform our tasks creatively and intelligently. As experts in our field, we are always seeking practical and efficient solutions and adapting to specific situations. It is important for us to be SMART.

Last updated: 14.06.2024

open graph image