Finance Department, Kerala
The Secretariat officially started functioning on 23 August 1869. The Finance Department was one of the departments formed in 1871 under the orders of Colonel Munro and Rani Lakshmibai Thampuratti as part of the administrative reform and development plans. This department, formed in 1871, continues to play a major role in the state administration system. The finance department manages and regulates the state economy and finances through financial legislation, taxation, capital markets, financial institutions, center and state finances, and the state budget. The main duties and responsibilities of the Finance Department are outlined in Articles 202 to 206 of the Constitution of India. Therefore, the Finance Department carries out important constitutional responsibilities in the state administration system. The Finance Department takes decisions on matters related to the financial status of the state. The department controls the major functions like Stores & Purchase, Financial Enterprises, Agricultural Income Tax, Commercial Taxes, Treasuries, Lotteries, Local Fund Audit, State Insurance, Stamps & Stamp Duties etc. The Secretariat has three main sections - Administrative Secretariat, Finance Secretariat and Legal Secretariat. The Finance Department functions in the Finance Secretariat. The state's budget is managed by the Finance Department. The Treasury Department functions under the control of the Finance Department. The structure of the officers in the Finance Department is as follows: Finance Minister, Additional Chief Secretary/Principal Secretary, Secretary (Financial Expenditure) & Secretary (Financial Resources), Special Secretary, Additional Secretary, Joint Secretary, Deputy Secretary, Under Secretary, Accounts Officer/Section Officer, Assistant.
Major Line Departments
The major line departments of Finance Department, Kerala, in which they have direct control are,
■ National Savings Department
■ Treasuries Department
■ State Audit Department
■ State Insurance Department
■ Lotteries Department
Sub-Departments
Department of Finance has following sub-departments;
■ Expenditures
■ Budget
■ Resources
Financial Institutions
■ Kerala Infrastructure Investment Fund Board
■ Kerala Financial Corporation
■ Kerala State Financial Enterprises Ltd
