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Ministry of Finance (Palestine)

From Wikipedia, the free encyclopedia
Ministry of Finance of Palestine
وزارة المالية
Seal of Palestine
Agency overview
Formed1994
JurisdictionGovernment of Palestine
HeadquartersFinance Ministry Building,
Al-Bireh, Palestine
Ministers responsible
Websitewww.pmof.ps

The Minister of Finance (Arabic: وزارة المالية) is the head of the Government of Palestine's branch that is in charge of finance. The minister deals with launching audits, collecting tax from Palestinian businesses and overseeing financial aid directed to the Palestinian National Authority. Omar al-Bitar is the current Finance Minister.

In April 2007, it was reported that that branch was not receiving satisfactory amounts of money. It was estimated that the PNA gained only $40 million, while $160 million was the amount required.[1]

Functions

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The Finance Minister is in charge of

  • Controlling financial activities of the PNA and its expenditure.
  • Supervising, studying and organizing monetary funds and the economic and political analysis of financial aid directed towards the PNA.
  • Supervising and controlling the private capital funds of the PNA.
  • Providing the money needed for facing the government's expenditures.
  • Paying the salaries of government employees.
  • Managing and settling employee salaries and retirement of civil administration and compensation in accordance with the laws and regulations in force.
  • Scrutinizing and overseeing all financial transactions, including accounting principles adopted legally and that follow the principles of the Ministry for accountability and transparency during all stages of its work.
  • Monitoring the implementation of the provisions of financial legislation in force.[2]

List of ministers

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All-Palestine Government
# Name Party Term Title
1 Michael Abcarius Independent 22 September 1948 – 1953 Minister of Finance
Government of Palestine
# Name Party Term Title
1 Mohammad Zuhdi Nashashibi Fatah 5 July 1994 – 13 June 2002 Minster of Finance
2 Salam Fayyad Independent 13 June 2002 – November 2005 Minster of Finance
Ahmad Qurei (interim) Fatah November 2005 – 29 March 2006 Minster of Finance
3 Omar Abd al-Razaq Hamas 29 March 2006 – 29 June 2006 Minster of Finance
Yousef Rizqa (interim) Hamas 29 June 2006 – January 2007 Minster of Finance
Samir Abu Eisheh (interim) Hamas January 2007 – 17 March 2007 Minster of Finance
4 Salam Fayyad Third Way 17 March 2007 – 16 May 2012 Minster of Finance
5 Nabeel Kassis Independent 16 May 2012 – 3 March 2013 Minster of Finance
6 Salam Fayyad Third Way 3 March 2013 – 6 June 2013 Minster of Finance
7 Shoukry Bishara Independent 6 June 2013 – 31 March 2024 Minster of Finance (6 June 2013 – 2 June 2014)
Minster of Finance and Planning (2 June 2014 – 1 July 2019)
Minster of Finance (1 July 2019 – 31 March 2024)
8 Omar al-Bitar [ar] Independent 31 March 2024 – present Minster of Finance
Hamas Government of the Gaza Strip
# Name Party Term Title
1 Ziyad al-Thatha Hamas 14 June 2007 – 2 June 2014 Minister of Finance

List of undersecretaries

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# Name Party Term
1 Majdi al-Hassan [ar] Independent 26 March 2025 – present

See also

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References

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  1. ^ "PA Finance Minister to visit Brussels, discuss resumption of EU aid". Haaretz. 2007. Retrieved 2007-11-10.
  2. ^ Functions and powers Palestinian National Authority Ministry of Finance. (in Arabic)
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