The Finance Department of a state plays an imperative role in managing the public finances. 

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The key functions of the finance department of a state include but are not limited to the following:

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1. Budget Preparation: The Department drafts the Annual Budget as per Article 202 of the Constitution of India.
2. Financial Management: It acts as the custodian of the state exchequer and oversees public finances.
3. Policy Formulation: It develops and reviews financial policies for effective governance.
4. Expenditure Evaluation: It assesses government spending proposals for cost-effectiveness, budget alignment, and fiscal objectives.
5. Balancing Receipts & Payments: It ensures fiscal stability and meeting debt obligations.
6. Borrowing & Debt Management: It oversees the state’s borrowing needs and ensures efficient utilization of funds.

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These functions ensure financial discipline, transparency, and sustainability in the state's economic management.

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List of all state finance ministers in 2025

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Frequently Asked Questions

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Q1. Who is the finance minister of Haryana?

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The current finance minister of Haryana is Shri. Jai Parkash Dalal.

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Q2: Who is the finance minister of Jharkhand​?

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The current finance minister of Jharkhand is Shri Radha Krishna Kishore.

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Q3: Who is the finance minister of Kerala​?

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The current finance minister of Kerala is Shri K.N. Balagopal.

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Q4: Who is the finance minister of Meghalaya​?

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The current finance minister of Meghalaya is Conrad Kongkal Sangma.

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Q5: Who is the finance minister of West Bengal​?

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The current finance minister of West Bengal is Chandrima Bhattacharya.

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Q6: Which finance minister presented the maximum number of budgets​?

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Morarji Desai has presented the most Union Budgets in India's history, delivering 10 budgets during his tenure as Finance Minister from 1958 to 1963 and again from 1967 to 1969.

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Q7: Who was the first finance minister of India?

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R.K. Shanmukham Chetty was the first finance minister of India.

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