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Ministry of Finance

Ministry of Finance

Ministry Of Finance located in Riyadh. It is the second ministry to be established after the Ministry of Foreign Affairs. In 1932 was issued changing the name of the General Directorate of Finance to the Ministry of Finance. In 1936, as the activities of the Ministry of Finance expanded in scope, a number of general directorates were established within the ministry, including the Petroleum and Minerals Directorate, the Public Works Directorate, and the Customs Directorate, in addition to special bureaus concerned with corporations, development projects, cash, Zakah, revenue, and Hajj Affairs. 1951 establishing a bureau to monitor economic affairs and issues related to various international organizations. in 1953 was issued decree establishing the Ministry of Economy to replace the Bureau for Economic. in 1954  was issued Decree merging the Ministry of Economy and the Ministry of Finance into a single ministry called the Ministry of Finance and National Economy. In 2003 was issued decree to transferring responsibility for economic activity from the above-mentioned ministry to the Ministry of Planning, and thus changing the name of the Ministry of Finance and National Economy to the Ministry of Finance, and the name of the Ministry of Planning to the Ministry of Economy and Planning.

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