According to the Allocation of Business among the Different Ministries and Divisions the functions of Finance Division, Ministry of Finance are as follows:

1.  Formulation of fiscal and monetary policies in consultation with other Divisions, if necessary.

2. Review of fiscal and monetary policies.

3. Analysis of and research on financial policies, collection of data relating thereto and publication of documents like the Economic Survey, Economic Analysis of the Budget and Resume of Activities of Financial Institutions and autonomous bodies under the Ministry of Finance.

4. Finance of the Bangladesh Government and matters relating to audit and accounts.

5. Budget and ways and means: appropriations and re-appropriations.

6. Scrutiny and approval of the budget of autonomous bodies/ corporations in the following manner, namely:

    (i) the budget of autonomous bodies/corporations which show no loss on invested capital shall be    

        approved by the Administrative Ministry and sent to the Finance Division for the purpose of

        compilation only;

    (ii) the budget of autonomous bodies/corporations which show a deficit shall be scrutinised and

          approved by Finance Division in consultation with the Administrative Ministry;

    (iii) the budget of autonomous bodies/corporations in which loans/grants are included shall be sent to

          the Finance Division for its concurrence.

7. (a) Scales of pay/fixation of pay/special pay/technical pay/additional pay, etc. and framing rules     

          regarding the same.

     (b) Leave Rules and Orders thereunder.

     (c) Rules regarding pension/gratuity and retirement benefit and orders thereunder.

     (d) T. A. rules and sanction of all allowances and fringe benefits.

     (e) GP Fund Rules.

8. Expenditure control.

9. Inter-country/Inter-government financial settlement.

10. Money supply, currency, coinage and legal tender.

11. Import and export of gold and silver.

12. Negotiable instruments of all kinds, mint and security printing press.

13. Foreign exchange budgeting for cash resources.

14. Foreign exchange regulation.

15. Exchange rate policy.

16. Matter related to IMF.

17. Borrowing and floatation of market loans.

18. Examination of financial aspect of all development schemes.

19. Accounts procedures and rules, treasuries, sub-treasures.

20. Public Accounts Committee.

21. Scrutiny of creation of new posts and examination of schemes of new-expenditure.

22. Remuneration of Comptroller and Auditor-General.

23. Administration of public debt including loans and aids.

24. Provident Fund.

25. Matters relating to borrowing by public bodies such as Corporations, Municipalities, etc.

26. Institutional finance for development of industry, trade, agriculture and housing.

27. Implementation of national unified grades and scales of pay and dealing with matters connected

       therewith.

28.Provision of secretariat service to the Cabinet Committee on implementation of Pay and Services

      reports and dealing with any other matters connected therewith.

29. Provision of secretarial assistance to the working group on Pay and Services.

30. Inspection of Government offices and autonomous bodies/corporations:

       (i) to examine if financial discipline and propriety, efc. are observed by them;

       (ii) to examine whether Government funds are properly utilized and appropriate measures taken to

             avoid wastage of Government properties/resources; and

       (iii) to fix responsibility for irregularities, carelessness, efc. resulting in the loss of Government

             properties/resources.

31. Suggestion of measures for improvement in the organisational set-up and financial procedures for

       better enforcement of financial discipline and accountability and for attaining better economy.

32. Examination of reasons for loss or low profit in the nationalized sectors and suggestions for remedies

       thereof.

33. Administration of B.C.S (Audit and Accounts).

34. Secretariat administration including financial matters.

35. Administration and control of subordinate offices and organisations under this Division.

36. Liaison with International Organisations and matters relating to treaties and agreements with other

      countries and world bodies relating to subjects allotted to this Division.

37. All laws on subjects allotted to this Division.

38. Inquiries and statistics on any of the subjects allotted to this Division.

39. Fees in respect of any of the subjects allotted to this Division except fees taken in courts.

40. All matters relating to Tax Ombudsman.