Ministry of Finance (Thailand)

Ministry Of Finance (Thailand)

The Ministry of Finance (Thai: กระทรวงการคลัง; RTGS: Krasuang Kan Khlang; Abrv: MOF) is a Cabinet Ministry in the Government of Thailand. It is considered to be one of the country's most important Ministry. The Ministry of Finance has many responsibilities: over public finance, taxation, the treasury, Government properties, operations of Government monopolies, revenue- generating enterprises (which the Government has contractual obligations). The Ministry is also vested with the power to provide loan guarantees for the Government agencies, financial institutions, and state enterprises. The head of the Ministry is the Minister of Finance (Thai: รัฐมนตรีกระทรวงการคลัง), assisted by at least two Deputy Minister. They are also member of the Cabinet of Thailand and therefore appointed by the King of Thailand at the advice of the Prime Minister. Since 18 January 2012, the portfolio has been headed by Minister Kittiratt Na-Ranong, succeeding Thirachai Phuvanatnaranubala. He has two deputy ministers.

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