Bundesministerium der Finanzen

The Bundesministerium der Finanzen (BMF) is a supreme federal authority of the Federal Republic of Germany that plays a central role in shaping and implementing the federal financial policy agenda.

• Federal Budget: The BMF is responsible for the annual draft of the federal budget, which specifies how much money the federal government spends on various purposes[4][5].
• Taxes and Financial Policy: The ministry shapes tax policy and ensures a fair distribution of the tax burdens. It develops strategies and concepts for fundamental financial and economic policy issues[2][4].
• Financial Market and Currency Policy: The BMF creates the framework for efficient and stable financial markets, both nationally and internationally. It is involved in reforms of the currency and financial system as well as supervision and regulation[2][4].
• European Policy: The ministry represents Germany's positions on budgetary and financial issues in the European Union and plays a key role in shaping European financial policy. It works closely with the Economic and Financial Affairs Council (ECOFIN) and advocates for the stabilization of the Euro and the European Economic and Monetary Union[1][2].
• Customs and Federal Assets: The BMF oversees the Federal Customs Administration, which combats undeclared work and illegal employment. The ministry is also responsible for the privatization of federal assets and the regulation of war-related burdens[2][4].

The Main Mission of the BMF is to ensure the long-term financial capacity of the federal government. To this end, the ministry consolidates the financial interests of the government in the sense of sustainable financial policy. The Federal Minister of Finance has a right of objection in all financial policy decisions of the federal government, which underscores his central role[2].

The BMF is committed to several :