Organization Info

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  Organization Info

Organization Structure

Roles and responsibilities of the Finance Ministry have been developed over time along with a series of the nationís development schemes. As currently defined in The Public Administration Act, the Ministry is empowered to oversee various matters concerning public finance, taxation, treasury, Government property, operations of Government monopolies, revenue- generating enterprises which can be legally operated only by the Government and not under the purview of other Government bodies, as well as other organizations to which the Government has contractual obligations. It is also vested with the power to provide loan guarantees for the Government agencies, financial institutions, and state enterprises.

In discharging his responsibilities, the Minister of Finance as the top administrator sets the overall policy directions with the assistance from his Deputy Ministers.

Government Agencies

The Permanent Secretary for Finance oversees the Ministry management and functioning while the Directors- General executematters concerning their own individual Departments. Administratively, the work is divided among 8 main agencies. They are:

1. Office of the Secretary to the Minister ( )

Office of The Secretary to the Minister is headed by the Secretary to the Minister and assisted by the Secretary to the Minister and assisted by the Assistant Secretaries in charge of:

2. Office of the Permanent Secretary( )

Office of the Permanent Secretary is headed by the Permanent Secretary and assisted by the Deputy and Assistant Permanent Secretaries. Its function embrace:

3. The Fiscal Policy Office( )

The Fiscal Policy Office is a policy unit of the Ministry of Finance, responsible for economic, monetary and fiscal policies. The Office performs the functions of study, analysis, research, providing technical advice to the Permanent Secretary and the Minister of Finance, participating in policy formulation, and operations regarding fiscal policies, tax policies, monetary and financial system policies, and coordination with the Work Bank, IMF and ADB, saving and investment policies, economic policies, including economic analysis by macroeconomic models, policy on regional economic integration, multilateral negotiation policy, supervision of and coordination with offices of economic and financial counsellors abroad.

4. The Treasury Department( )

The Treasury Department is responsible for:

5. The Comptroller General's Department ( )

The Comptroller-Generalís Department is accounted for:

6. The Customs Department( )

The Cutoms Department is in charge of:

7. The Excise Department ( )

The Excise Department is accountable for:

8. The Revenue Department ( )

The Revenue Department is in charge of:

9. The Public Debt Management Office (PDMO) ( )

PDMOís functions is formulating and delivering public sector borrowing policy and public debt management policy. Specifically, the responsibilities include : Participating in public sector borrowing policy, public debt management policy, government foreign lending policy, government borrowing and debt management operations.

10. State Enterprise Policy Office (SEPO) ( )

Amongst SEPOís many functions is to oversee state-owned enterprisesí (SOEs) financial and accounting policies, including formulation compensation schemes and determining the level of revenue remittance. In addition to managing enterprise whereby government holding comprises less than 50%, it is charged with the responsibility of improving the economic efficiency of SOEs via the introduction and implementation of international best practices, i.e. corporate governance frame work, and setting up a performance evaluation system.

However, recently SEPO has been taking an active role in establishing key initiatives for privatisation through the identification of market structural reforms and the creation of independent regulators.

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Ministry of Finance, Rama 6 Rd. Phayathai, Bangkok, THAILAND 10400 Tel: (662) 273-9021 Fax: (662) 273-9408
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