Department of Finance

Overview

The Ministry of Finance is an executive body responsible for drafting and implementing local government policy and legal regulation in the field of budget, tax, insurance, banking, credit cooperatives, public debt, auditing, accounting and reporting, customs duties, organising and conducting lotteries.

Main functions of the Ministry of Finance:

• elaboration of the oblast's consolidated budget and oblast's budget;
• budget management (the budget of the Vologda Oblast and state off-budget funds);
• Vologda Oblast's national debt management;
• inter-budget interaction regulation;
• within its competence realizes functions on state financial control.