Duties and Functions

The Ministry of Finance must manage government financial assets, propose economic and financial policy, and coordinate and supervise these actions as empowered by law. Its main duties and functions are to:

• Prepare the annual fiscal budget and issue adequate regulations for its execution.
• Manage government financial assets.
• Propose bills related to the management of government employees, particularly bills related to staffing, salaries, benefits and pensions.
• Amortize debt and coordinate financial activities carried out within the scope of its power, for the different ministries and their related entities.
• Be aware of and report on any initiative of a financial nature involving public expenditure and indebtedness before it is debated by Congress.
• Participate in the negotiation of international free trade and financial agreements.
• Exercise all powers and rights as conferred on it in the Central Bank Law.

The government’s current policy is based on a market economy. The government focuses on: creating markets where there are none; correcting market flaws when they are verifiable and if there are adequate technical mechanisms to correct them; regulating markets that fail to be fully competitive or where externalities are relevant; and generating policies that allow all citizens to enjoy minimum social benefits, which include programs in the areas of health, education and housing. Among these initiatives are the New Health Care Program (Plan Auge), Full School Day, and housing programs, in addition to others such as Chile Solidario.

The Ministry of Finance advertises openings in national newspapers.