Federal Ministry of Finance 3.74

The Federal Ministry of Finance, abbreviated BMF, is the cabinet-level finance ministry of Germany, with its seat at the Detlev-Rohwedder-Haus in Berlin and a secondary office in Bonn. The current Federal Minister of Finance is Wolfgang Schäuble .HistoryIn German politics, the Ministry of Finance beside the Interior, Foreign, Justice and Defence ministries is counted as one of the "classical portfolios" (denoted by the definite article der), which were also part of the first German government under Otto von Bismarck following the Unification of 1871.Fiscal policy in the German Empire was predominantly the domain of the various states responsible for all direct taxation according to the 1833 Zollverein treaties. The federal government merely received indirect contributions from the states. Matters of fiscal policy at the federal level initially was the exclusive responsibility of the German Chancellery under Otto von Bismarck. However, in 1877 a special finance department was established, which with effect from 14 July 1879 was separated from the chancellery as the Imperial Treasury (Reichsschatzamt), a federal agency in its own right. With its seat vis-à-vis on Wilhelmplatz in Berlin, it was first headed by a subsecretary, and from 1880 by a Secretary of State only answerable to the chancellor.