Federal Ministry of Finance (Germany) - History

History

Following the Unification of Germany in 1871, fiscal policy was predominantly the domain of the various states of Germany. The states were responsible for all direct taxation, and the federal government received indirect contributions from the states. Matters of fiscal policy at the federal level was the responsibility of the Chancellor's Office. However, in 1879, the Imperial Treasury (Reichsschatzamt) was founded. It was initially headed by an Under-Secretary of State, and eventually by a Secretary of State. It became a federal ministry, the Reichsministerium der Finanzen, headed by a federal minister, in 1919, and was renamed the Bundesministerium der Finanzen in 1949.

Since 1999, the Air Ministry Building in Berlin has been the headquarters of the ministry.

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