Department of Finance (Jharkhand)
State of Jharkhand Finance Department
From Wikipedia, the free encyclopedia
The Department of Finance is a department of the Government of Jharkhand.[1][2] It is responsible for managing the state’s public finances, including preparation and presentation of the annual budget, mobilisation of revenue, and ensuring financial discipline.[3][4][5][6][7] The department also oversees treasuries, accounts, institutional finance, and allocation of resources to government programmes.[8][9][10] Its headquarters is located at Project Bhawan, Dhurwa, Ranchi.[2]
- Radha Krishna Kishore, Minister of Department of Finance
| वित्त विभाग, झारखंड सरकार | |
 | |
| Department overview | |
|---|---|
| Jurisdiction | Government of Jharkhand |
| Headquarters | Project Bhawan, Dhurwa, Ranchi, Jharkhand |
| Minister responsible |
|
| Department executive | |
| Parent Department | Government of Jharkhand |
| Child agencies |
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| Website | finance |
Functions
The functions of the Department of Finance, Government of Jharkhand, include:[11]
- Formulating rules and regulations for financial administration and accounting, including preparation of financial codes and interpreting questions of financial nature.[12]
- Preparing the Annual Finance Statement and Supplementary Expenditure Statement, managing re-appropriation, savings, and reversion in departmental budgets.[13][3][14]
- Liaising with the State Finance Commission and arranging funds for the implementation of its recommendations.[15][16]
- Managing state revenue collection, public debt, borrowings, and loans given by the state government.[17][18]
- Overseeing service conditions of government employees relating to pay, allowances, pay revisions, pay fixation, and related administrative financial matters.[19][20]
- Providing financial advice to other departments, coordinating scheme implementation, and monitoring institutional and non-budgetary finance sources.[21]
Ministerial team
The Department of Finance is headed by the Cabinet Minister for Finance in the Government of Jharkhand. Since December 2024, Radha Krishna Kishore holds the portfolio of Finance Minister.[22][23][24]
The administrative head of the department is the Finance Secretary, who is supported by Special Secretaries and other senior officials. Since January 2024, Prashant Kumar is serving as Secretary of Jharkhand's Finance Department.[25][26]