Basque Government

Departments - Economy and Finance

Functions and areas of activity

The Department of Economy and Finance has the following functions and areas of action:

  1. Direction, preparation, general management, monitoring and control of the General Budgets of the Autonomous Community, as well as budget programming.
  2. Budgetary stability and financial sustainability of the public sector.
  3. Internal economic control, accounting and accounting responsibilities.
  4. Regulation and supervision of the system of aid and public subsidies.
  5. Credit management, financial policy and relations with financial institutions. Management of public financing instruments and public participation of the BAC in the Basque economic sectors.
  6. Savings banks, banking foundations and credit cooperatives.
  7. Collection management, treasury, indebtedness and provision of guarantees.
  8. Insurance and reinsurance activity, as well as authorization and control of insurance mediation activity.
  9. Stock market.
  10. Social welfare entities.
  11. Economic Agreement, quotas to the State and contributions from the Historical Territories. Assessment of competencies and/or services subject to transfer, as well as determination of financial flows with the State in relation to the financing of Social Security.
  12. Coordination of financial activity with other Public Administrations.
  13. Tax harmonization, coordination and collaboration.
  14. Tax administration and economic-administrative claims.
  15. Heritage and contracting.
  16. Economic policy and strategic planning of the Government, as well as evaluation and analysis of programs and public policies.
  17. European cohesion policy, planning and analysis of European recovery and resilience funds.
  18. Economic research. Economic studies and methods. Situation and economic forecast.
  19. Defence of competition.
  20. Statistics.
  21. Direct, in accordance with the laws and regulations, the public sector entities are attached or dependent on the department.
  22. Other faculties are attributed to it by laws and regulations.


The autonomous administrative bodies "Euskal Estatistika Erakundea / Basque Institute of Statistics (EEE/IVE)" and "Basque Competition Authority" are attached to this department; and the public entity of private law «Basque Finance Institute».

 

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