finance ministry
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finance ministry
The highest authority of a state or federal state responsible for financial policy, the state budget, taxes, and customs duties. It manages public finances.
Das Finanzministerium hat die neuen Steuerschätzungen für das kommende Jahr veröffentlicht.
The finance ministry has published the new tax estimates for the coming year.
This long word is made up of 'Finanz' (financial, from 'die Finanzen' — finances) and 'Ministerium' (ministry). It therefore refers to the government authority responsible for finances.
Viele politische Entscheidungen hängen vom Finanzministerium ab.
Many political decisions depend on the finance ministry.
It is often specified which finance ministry is meant. This is done with an adjective before it or a genitive phrase after it.
Das bayerische Finanzministerium hat seinen Sitz in München.
The Bavarian finance ministry is based in Munich.
Since it is an authority, 'Finanzministerium' (finance ministry) often appears as the subject with verbs related to governing and administration, e.g. 'plant' (plans), 'veröffentlicht' (publishes), 'entscheidet' (decides), or 'legt vor' (presents).
Das Finanzministerium plant eine Reform der Einkommensteuer.
The finance ministry is planning a reform of income tax.
tax office
Finanzamt and Finanzministerium are both part of the state administration of taxes and finances. The Finanzamt is the specific authority responsible for the tax affairs of citizens and businesses; the Finanzministerium is the highest authority and determines financial policy. Use Finanzamt for your own tax return, and Finanzministerium for state financial policy.
Das Finanzministerium plant neue Regeln für die Steuern.
The Finance Ministry is planning new tax rules.
Ich reiche meine Steuererklärung beim Finanzamt ein.
I am submitting my tax return to the tax office.
