The Ministry of Finance of the Republic of Lithuania (Lithuanian: Lietuvos Respublikos finansų ministerija) is a government department of the Republic of Lithuania. Its operations are authorized by the Constitution of the Republic of Lithuania, decrees issued by the President and Prime Minister, and laws passed by the Seimas (Parliament). Its mission is to formulate and implement an effective policy of public finance in order to ensure the country's macroeconomic stability and economic development.[4] The current head of the Ministry is Gintarė Skaistė.
History
The Ministry of Finance, Trading and Industry was established on 11 November 1918.[1] Its first minister was a prominent Lithuanian lawyer and public figure Martynas Yčas (1885–1941).[1] For a brief period, between 25 December 1918 and 17 December 1919, there was a separate Ministry of Trading and Industry which is seen as a predecessor of the contemporary Ministry of Economy and Innovation.[1]