Ministry of Finance (Azerbaijan)
Encyclopedia
The Ministry of Finance of Azerbaijan Republic is a governmental agency within the Cabinet of Azerbaijan
in charge of regulating the financial sector in Azerbaijan Republic. The ministry is headed by Samir Sharifov
.
declared independence. The Minister of Finance was one of members of the first cabinet. The Ministry of Finance itself, however, was formally established on October 21, 1918. With incorporation of Azerbaijan into USSR, the Ministry of Finance was subdued to Soviet Ministry of Finances. On August 4, 1956 and October 29, 1971, the statute of the ministry was revised by Council of Ministers decrees No. 385 and No. 358, respectively. The main functions of the ministry were collection of financial means to be distributed within the economic sector of Azerbaijan SSR. The current activity of the Ministry of Finance is regulated by the Statue about the Ministry of Finance of the Republic of Azerbaijan approved by Presidential Decree No. 271 on February 4, 2000.
Functions of the ministry are improvement of state policies on finance, budgeting and taxes; ensuring stability of state finances and development of financial markets in the country; atrtacting foreign creditors to Azerbaijani economy; improvement of budgeting, tax forecasting, financial mechanisms; ensuring financial control over budgetary funds and spending; provision of state budget funds management and controlling movement of funds within Azerbaijan.
Finance Ministers of Azerbaijan Democratic Republic
Finance Ministers of Azerbaijan SSR
Cabinet of Azerbaijan
The Cabinet of Azerbaijan is the chief executive body of the Republic of Azerbaijan.-The Executive Power:The President of the Republic of Azerbaijan is the head of state....
in charge of regulating the financial sector in Azerbaijan Republic. The ministry is headed by Samir Sharifov
Samir Sharifov
Samir Sharifov Rauf oglu is an Azerbaijani politician serving as the Minister of Finance of Azerbaijan Republic.-Ealy life:Sharifov was born on September 7, 1961. In 1983, he graduated from Kiev State University with a Master's degree in International Economic Relations...
.
History
The office of Minister of Finance was established on May 18, 1918 when Azerbaijan Democratic RepublicAzerbaijan Democratic Republic
The Azerbaijan Democratic Republic was the first successful attempt to establish a democratic and secular republic in the Muslim world . The ADR was founded on May 28, 1918 after the collapse of the Russian Empire that began with the Russian Revolution of 1917 by Azerbaijani National Council in...
declared independence. The Minister of Finance was one of members of the first cabinet. The Ministry of Finance itself, however, was formally established on October 21, 1918. With incorporation of Azerbaijan into USSR, the Ministry of Finance was subdued to Soviet Ministry of Finances. On August 4, 1956 and October 29, 1971, the statute of the ministry was revised by Council of Ministers decrees No. 385 and No. 358, respectively. The main functions of the ministry were collection of financial means to be distributed within the economic sector of Azerbaijan SSR. The current activity of the Ministry of Finance is regulated by the Statue about the Ministry of Finance of the Republic of Azerbaijan approved by Presidential Decree No. 271 on February 4, 2000.
Structure
The ministry is headed by the minister and two deputy ministers.Functions of the ministry are improvement of state policies on finance, budgeting and taxes; ensuring stability of state finances and development of financial markets in the country; atrtacting foreign creditors to Azerbaijani economy; improvement of budgeting, tax forecasting, financial mechanisms; ensuring financial control over budgetary funds and spending; provision of state budget funds management and controlling movement of funds within Azerbaijan.
Finance Ministers of Azerbaijan Democratic RepublicAzerbaijan Democratic RepublicThe Azerbaijan Democratic Republic was the first successful attempt to establish a democratic and secular republic in the Muslim world . The ADR was founded on May 28, 1918 after the collapse of the Russian Empire that began with the Russian Revolution of 1917 by Azerbaijani National Council in...
- Nasib YusifbeyliNasib YusifbeyliNasib Yusif oglu Yusifbeyli or Usubbeyov - Azerbaijani publicist, statesman and major political figure in Azerbaijan Democratic Republic.-Early years:Nasib Yusifbeyli was born in 1881 in Elisavetpol...
, May 1918 - June 1918 - Abdulali bey AmirjanovAbdulali bey AmirjanovAbdulali bey Amirjanov Shirali bey oglu was an Azerbaijani statesman who served as Minister of Finance, State Controller of Azerbaijan Democratic Republic, and was member of Azerbaijani National Council and later Parliament of Azerbaijan.-Early years:...
, June 1918 - October 1918 - Mammad Hasan HajinskiMammad Hasan HajinskiMammad Hasan Jafargulu oglu Hajinski was an Azerbaijani architect and statesman. He also served as a Minister for Foreign Affairs of Azerbaijan Democratic Republic and the last Prime Minister of ADR.-Early life:...
, October 1918 - December 1918 - I. Protasov, December 1918 - March 1919
- A. Hasanov, March 1919 - December 1919
- R. Gaplanov, 1919 - 1920
Finance Ministers of Azerbaijan SSRAzerbaijan SSRThe Azerbaijan Soviet Socialist Republic , also known as the Azerbaijan SSR for short, was one of the republics that made up the former Soviet Union....
- N. Tagiyev, 1920 - 1922
- Mirzabekyan, 1923 - 1924
- Mirza Davud HuseynovMirza Davud HuseynovMirza Davud Baghir oglu Huseynov , also spelled Husseynov or Guseynov , was an Azerbaijani revolutionary and statesman.-Early life:Huseynov was born in a religious family in March 1894 in Baku...
, 1925 - 1925 - A. Ibrahimov, 1926 - 1926
- T. Aliyev, 1927 - 1930
- A. Mammadov, 1931 - 1931
- N. Ibrahimov, 1932 - 1934
- Atakishiyev, 1935 - 1935
- N. Tagiyev, 1936 - 1937
- Mirabutalib Samadov, 1938 - 1949
- Rza Sadikhov, 1950 - 1957
- Gurban Khalilov, 1958 - 1969
- Bakhshali Bakhshaliyev, 1970 - 1987
- Bedir Garayev, 1987 - 1991
Finance Ministers of Azerbaijan Republic
- Bedir Garayev, 1991 - 1992
- Saleh Mammadov, 1992 - 1993
- Fikrat YusifovFikrat YusifovFikrat Huseyn oglu Yusifov is an Azerbaijani economist who served as the Minister of Finance of the Republic of Azerbaijan.-Early life:Fikrat Yusifov was born in Sharur, Nakhchivan. He graduated with Honorary diploma in Economics from Azerbaijan State Institute of National Economy named after...
, 1994 - July 11, 1999 - Avaz AlakbarovAvaz AlakbarovDr Avaz Alakbarov Akbar oglu is an Azerbaijani politician who served as Minister of Finance of Azerbaijan Republic from July 1999 to April 2006.-Early life:Dr Alakbarov was born in the village of Krasnosyelsk, Gegharkunik, Armenian SSR...
, July 11, 1999 - April 18, 2006 - Samir SharifovSamir SharifovSamir Sharifov Rauf oglu is an Azerbaijani politician serving as the Minister of Finance of Azerbaijan Republic.-Ealy life:Sharifov was born on September 7, 1961. In 1983, he graduated from Kiev State University with a Master's degree in International Economic Relations...
, April 18, 2006 - Incumbent