For ages, conflicts have broken out over who has the right to collect revenues from different sources and to spend them in matters related to public and national interest. In Egypt, Kings and princes had claimed that right for being aware of the public interest.
In Mohammed Ali’s era, attention had been paid to the state finance according to an advice given to him by his foreign advisors to be able to obtain money necessary to create his own kingdom.
Therefore, he cared about dividing the government into different departments and successively he created bureaus including Finance. In his time, the first primitive budget had been made for his belief that state’s power lies in its budget. His successors followed him, where Mohammed Said transformed some Bureaus or Departments into ministries issuing a decree on February 26 ,1876 stipulating the new system he introduced in the general management including creating the first finance ministry chaired by prince Moustafa Fadhil.
In Khedive Ismail’s era, Ministry of Finance was headed by Ismail Siddiq , known as , Ismail El-Mufatish (the Inspector) from 1868 to 1876. He is still to be remembered in Egypt as his palace has become the Finance Ministry’s headquarters at Lazoughli Square.
Before 1952 July Revolution , the state finance organization had been made according to bases set by the British advisors to serve the interests of foreign occupation and its alliances. Then , the 1952 July Revolution occurred whose first tasks were to re-organize the state finance. Fore the first time, there is a new phenomenon to expand the appropriations allocated to the purposes of economic and social development. Thus, organizing the state finance passed with successive historical phases, each of which reflects the prevailing social system.
When reviewing activities of The Finance Ministry since its inception, we find ,in addition to burdening the task of determining the state usages and providing their resources, Finance Ministry has been assuming other duties later abandoned and turned to be other authorities or ministries such as Properties Department whose part of which has become affiliated to Ministry of Agriculture , while the other part to the Ministry of Housing. The General Department of the Government Employees was later turned to be the Employees Bureau , then to the Central Agency for Regulation and Management.
On March 15,1958 a presidential decree was issued to change the name of the Finance Ministry to the Ministry of Treasury . In March 1973 the presidential decree no.49 of 1973 was issued to merge ministries of Finance , Economy and Foreign Trade in one ministry . In April 1974 Ministry of Finance was separated from Economy and Foreign Trade to be named the Finance Ministry till now. Under Ministry of Finance, The General Department for Accounts has been transformed into the General Department for the Government Accounts , Purchases Stores and Inspection. Then it was limited to the Government Accounts. In 1969, the General Authority for Government Services was created to take over the special tasks of warehouses and purchases. Moreover, the General Directorates in governorates were created chaired by the Finance Ministry’s representatives to support the municipal authorities.
With such changes, it’s worth to mention figures who took over the ministry in important stages in Egypt’s history until now:
Prince Mustafa Beik Fadhil was appointed on 26/2/1856 as the first Minister of Finance
Ismail Sidiq (Inspector) from 1868 to 1876
Youssef Wahbah Basha from 15/4/1914 to 21/5/1920
Mohammed Moheb Basha , At time of the first Egyptian Constitution 1923 from 15/3/1923 to 6/8/1923
Abdul Galil Oumary Beik, At time of 1952 Revolution from 24/7/1952 to 25/2/1954
Abdul Latif Mahmoud El-Boughdadi , Treasury and Planning, 1810/1961(Vice-President)
Dr.Abdul Mon’em El-Quaisuni , Treasury and Planning,1962
Dr.Nazeeh Ahmed Dhaif, Treasury , 3/ 1964
Dr.Abdul Aziz Hegazi Treasury , 20/3/1968
Mohammed Abdul Fatah Ibrahim , Ministry of Finance, 25/4/1974
Dr.Mohammed Hamdi El-Nashar Ministry of Finance, 25/11/1974
Dr.Ahmed Abu Ismail , Ministry of Finance,16/4/1975
Dr.Mohammed Salah Eldeen Hamid , Ministry of Finance, 19/11/1976
Dr.Ali Lutfi , Ministry of Finance, 5/10/1978
Dr.Abdul Razaq Abdul Mageed , Ministry of Finance ,Planning and Economy 14/5/1980
Dr.Fuad Kamal Hussein ,State Ministry of Finance,23/12/1981
Dr. Abdul Razaq Abdul Mageed, Ministry of Finance ,Planning and Economy 14/10/1981
Dr. Mahmoud Salah El-Deen Hamid, Ministry of Finance3/1/1982
Dr.Mohammed Ahmed El Razaz, Ministry of Finance 11/11/1986
Dr.Mohei El-Deen Abu Bakr El Ghareeb, Ministry of Finance, 11/1/1996
Dr.Mohamed Medhat Hassanein, Ministry of Finance, 10/10/1999
Dr. Youssef Boutros-Ghali , Ministry of Finance, 1/7/2004
Dr.Samir Radwan , Ministry of Finance, 31/1/2011