The area of government of the Ministry of Finance includes planning and implementation of the budgetary, resource management, tax, customs and financial policies of the state, economic analyses and forecasts, counselling and co-ordination in the issues of state aid, activities relating to accounting, auditing, official statistics, public service and state assets and public procurements, management of public cash flows, organisation of the use of external funds, administration of loans and state guarantees issued by the state, development of local governments, planning and co-ordination of regional development, state and regional administration and organisation of and supervision over activities relating to spatial planning, and preparation of respective draft legislation.
The Republic of Estonia will celebrate its 100th anniversary on February 24, 2018. The centenary is marked from April 2017 to February 2020 and it is celebrated around the world. The focus of Estonia 100 is on children and youth.
EV 100. sünnipäeva tähistamise ettevalmistuste koordineerimiseks on Vabariigi Valitsuse korraldusega moodustatud valitsuskomisjon, mille juht on peaminister. Riigikantselei juurde In order to coordinate the preparations for Estonia's centenary celebrations, a government committee has been formed and it is chaired by the Prime Minister. The Estonia 100 steering group and the Estonia 100 organising committee have been established within Government Office, and are tasked with organising the celebrations together with the people of Estonia. Contacts »
The Ministry of Finance is responsible for the correctness of the Consolidated Annual Report of the State and its timely submission. The report covers all state agencies and provides a comprehensive overview of their financial status and performance in the previous year.
The consolidated report describes the financial situation of the government sector and the performance of the state’s action plans and evaluates internal control.
The consolidated report of the state consists of two parts:
the management report, which describes the state’s economic development, including the development of the public sector and the government sector, achievement of the goals set in the state’s action plans, and performance. The report gives an opinion of the state’s internal control systems and the organisation of internal auditing;
the consolidated and unconsolidated annual accounts of the state, which describe the state’s financial performance and financial status, incl. the financial data of state budget execution;
A summary of the financial performance and financial status of local authorities, the government sector and the public sector are also presented.
The Ministry of Finance submits the consolidated report to the government and the Riigikogu by 31 August every year. The correctness of the report and its compliance with law is assessed by the National Audit Office, which submits its positions and proposals, and the report is then approved by the Riigikogu.
The State Shared Service Centre, which is administered by the Ministry of Finance, has provided the state accountancy and financial reporting service since 1 January 2013. Including services like:
makes proposals to the Minister of Finance about the general rules of state accountancy and their amendment;
instructs state accounting entities, local government entities and other public sector entities in accounting issues;
gathers financial reports from the public sector and checks that they are correct;
prepares and submits financial reports of the state, local authorities, the government sector and the public sector.
The Accounting Standards Board is an independent committee that prepares the accounting guidelines that explain the Accounting Act and develops activities in the area. Further information can be found on the website of the State Shared Service Centre.