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Ministry of Finance of the RSFSR

Министерство финансов РСФСР
Emblem of the Russian SFSR
Agency overview
Formed	8 November 1917; 107 years ago (1917-11-08)
Dissolved	15 November 1991; 33 years ago (1991-11-15)
Superseding agency	Ministry of Economics and Finance of the Russian Federation (1991), Ministry of Finance of the Russian Federation (1992)
Jurisdiction	Russian Soviet Federative Socialist Republic
Headquarters	Moscow, RSFSR, Soviet Union

The Ministry of Finance of the Russian Soviet Federative Socialist Republic (Russian: Министерство финансов РСФСР), known prior to 1946 as the People's Commissariat for Finance (Russian: Народный комиссариат финансов), or shortened to Narkomfin, was part of the government of the Russian Soviet Federative Socialist Republic from 1918 until the fall of the USSR in 1991. It was subordinate to the Ministry of Finance of the USSR.

History

The Narkomfin commissar was part of Sovnarkom. Nikolai Krestinsky was the first commissar, appointed in 1918. However, following the introduction of the New Economic Policy, Narkomfin was made responsible for Gosbank, the State Bank of the RSFSR and then the Soviet Union. On 26 November 1921, Lenin issued a note calling for the appointment of Grigory Sokolnikov, who took control of the organisation in 1922, although his formal position was not ratified until December 1922.

In 1946, the People's Commissariat for Finance was transformed and renamed into the Ministry of Finance of the RSFSR.

After the failed August Coup of 1991, Boris Yeltsin and the RSFSR Ministry of Finance claimed authority over the Ministry of Finance of the USSR, the Gosbank, and Vnesheconombank. These Soviet institutions could not carry out any orders without the consent of the RSFSR Ministry of Finance. The Ministry of Finance of the USSR continued functioning until the Ministry of Finance of the RSFSR issued a decree completing its takeover of the Soviet financial system. The RSFSR Ministry of Finance was succeeded by the Ministry of Economics and Finance of the Russian Federation (1991), and the Ministry of Finance of the Russian Federation (1992).

Commissars and ministers

See also

• Government of the Soviet Union – Ministries
  • Ministry of Finance of the USSR

References

Notes

1. The State Bank of the USSR accessed 26 July 2008
2. Between right and left: Grigorii Yakovlevich Sokolnikov and the development of the Soviet state, 1921–1929 accessed 26 July 2008
3. Huskey 1992, p. 131.
4. Huskey 1992, p. 136.
5. Ivkin, V.I., ed. (1999). Государственная власть СССР. Высшие органы власти и управления и их руководители. 1923—1991 гг. Историко-биографический справочник [State Power of the USSR. Supreme Organs of Power and Administration, and Their Heads. 1923–1991. Historical and Biographical Handbook] (in Russian). Moscow: Russian Political Encyclopedia (ROSSPEN). p. 639. ISBN 5-8243-0014-3. Retrieved 29 September 2010.

Bibliography

• Huskey, Eugene (1992). Executive power and Soviet politics: the rise and decline of the Soviet state. M.E. Sharpe. p. 281. ISBN 978-1-56324-059-1.

v t e Ministers of Finance of the Russian Soviet Federative Socialist Republic
People's Commissars for Finance (1917–1946)	Ivan Skvortsov-Stepanov Vyacheslav Menzhinsky Isidore Gukovsky Nikolay Krestinsky Grigori Sokolnikov Miron Vladimirov Nikolay Milyutin Varvara Yakovleva Vasili Popov Mikhail Umnov Arseny Safronov Alexei Poskonov Arseny Safronov
Ministers of Finance (1946–1991)	Arseny Safronov Ivan Fadeev Andrei Bobrovnikov Boris Fyodorov Igor Lazarev
Soviet Union Russian Federation

• People's commissariats and ministries of the Russian Soviet Federative Socialist Republic
• Finance in the Soviet Union