Minister for Finance (Ireland)

The Minister for Finance (Irish: An tAire Airgeadais) is the senior minister at the Department of Finance in the Government of Ireland. The minister is responsible for all financial and monetary matters of the state, and is considered the second most important member of the Government of Ireland, after the Taoiseach.

Minister for Finance
Incumbent
Paschal Donohoe
since 14 June 2017
Department of Finance
Member of
Reports toTaoiseach
SeatGovernment Buildings,
Merrion Street, Dublin, Ireland
AppointerPresident of Ireland on the nomination of the Taoiseach
Inaugural holderEoin MacNeill
Formation22 January 1919
WebsiteDepartment of Finance

The current office holder is Paschal Donohoe, TD.[1]

Overview
Government Buildings, Dublin, is the location of the Department of Finance

The Minister for Finance holds the second most important ministerial position in the Irish Cabinet after that of the Taoiseach. He or she is in charge of the Department of Finance responsible for all financial matters in the Republic of Ireland. It the is one of three positions in the government which the Constitution requires to be a member of Dáil Éireann, the other two being Taoiseach and Tánaiste. Many Ministers who have held the Finance portfolio have gone on to become Taoiseach, including Jack Lynch, Charles Haughey, Albert Reynolds, John Bruton, Bertie Ahern and Brian Cowen.

The department and minister are occasionally called the Irish Exchequer (or simply the Exchequer), a term previously used under the Chancellor of the Exchequer of Ireland.

Budget

One of the most important aspects of the Minister's work is the creation of the annual Budget which is announced to the Dáil in a speech, which must be delivered before 15 October due to the Two-Pack agreement. In the budget the Minister details the Government's spending programme for the coming year. The budget consists of:

  • a Financial Statement to the Dáil,
  • Budgetary Measures (a list of budgetary changes detailing the cost/yield of same),
  • Budget statistics, and
  • financial resolutions.

Minister for Finance since 1919
  Denotes acting Minister for Finance
No. Name Term of office Party Government(s)[lower-alpha 1]
1 Eoin MacNeill 22 January 1919 1 April 1919 Sinn Féin 1st DM
2 Michael Collins 2 April 1919 22 August 1922 Sinn Féin 2nd DM · 3rd DM · 4th DM · 1st PG
3 W. T. Cosgrave (acting) 17 July 1922 21 September 1923 Pro-Treaty Sinn Féin 1st PG · 2nd PG · 5th DM · 1st EC
4 Ernest Blythe 21 September 1923 9 March 1932 Cumann na nGaedheal 2nd EC · 3rd EC · 4th EC · 5th EC
5 Seán MacEntee 9 March 1932 16 September 1939 Fianna Fáil 6th EC · 7th EC · 8th EC · 1st · 2nd
6 Seán T. O'Kelly 16 September 1939 14 June 1945 Fianna Fáil 2nd · 3rd · 4th
7 Frank Aiken 19 June 1945 18 February 1948 Fianna Fáil 4th
8 Patrick McGilligan 18 February 1948 13 June 1951 Fine Gael 5th
(5.) Seán MacEntee 13 June 1951 2 June 1954 Fianna Fáil 6th
9 Gerard Sweetman 2 June 1954 20 March 1957 Fine Gael 7th
10 James Ryan 20 March 1957 21 April 1965 Fianna Fáil 8th · 9th · 10th
11 Jack Lynch 21 April 1965 10 November 1966 Fianna Fáil 11th
12 Charles Haughey 10 November 1966 7 May 1970 Fianna Fáil 12th · 13th
13 George Colley 9 May 1970 14 March 1973 Fianna Fáil 13th
14 Richie Ryan[lower-alpha 2] 14 March 1973 5 July 1977 Fine Gael 14th
(13.) George Colley[lower-alpha 3] 5 July 1977 11 December 1979 Fianna Fáil 15th
15 Michael O'Kennedy[lower-alpha 3] 12 December 1979 16 December 1980 Fianna Fáil 16th
16 Gene Fitzgerald[lower-alpha 3] 16 December 1980 30 June 1981 Fianna Fáil 16th
17 John Bruton 30 June 1981 9 March 1982 Fine Gael 17th
18 Ray MacSharry 9 March 1982 14 December 1982 Fianna Fáil 18th
19 Alan Dukes 14 December 1982 14 February 1986 Fine Gael 19th
(17) John Bruton[lower-alpha 4] 14 February 1986 10 March 1987 Fine Gael 19th
(18) Ray MacSharry[lower-alpha 5] 10 March 1987 24 November 1988 Fianna Fáil 20th
20 Albert Reynolds 24 November 1988 7 November 1991 Fianna Fáil 20th · 21st
Charles Haughey (acting) 7 November 1991 14 November 1991 Fianna Fáil 21st
21 Bertie Ahern 14 November 1991 15 December 1994 Fianna Fáil 21st · 22nd · 23rd
22 Ruairi Quinn 15 December 1994 26 June 1997 Labour Party 24th
23 Charlie McCreevy 26 June 1997 29 September 2004 Fianna Fáil 25th · 26th
24 Brian Cowen 29 September 2004 7 May 2008 Fianna Fáil 26th · 27th
25 Brian Lenihan 7 May 2008 9 March 2011 Fianna Fáil 28th
26 Michael Noonan 9 March 2011 14 June 2017 Fine Gael 29th · 30th
27 Paschal Donohoe[lower-alpha 6] 14 June 2017 Incumbent Fine Gael 31st · 32nd
  1. Before 1937: DM – Dáil Ministry; PG – Provisional Government; EC – Executive Council.
  2. Also Minister for the Public Service from 1 November 1973, on the creation of the new department.
  3. Also Minister for the Public Service.
  4. Also Minister for the Public Service from 20 January to 20 March 1987, after the resignation of the Labour Party ministers from government.
  5. Also Minister for the Public Service until 20 March 1987, when the functions of the department were transferred to the Department of Finance.
  6. Minister for Public Expenditure and Reform from 6 May 2016 to 27 June 2020.
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See also

References
  1. "List of Ministers and Ministers of State", Government of Ireland, retrieved 28 June 2020
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