The Financial Governance Committee (FGC) was established in early 2014 by mutual agreement between the Federal Government of Somalia (FGS), donors, and international financial institutions (IFIs) to provide a forum for dialogue on strategic financial governance issues.

The organization chart consists of political leadership and non-political officials.

The organisation chart consists of political leadership and non-political officials.
The Minister is in charge, assisted by a Deputy Minister and State Minister. The Director General reports directly to the Minister. The nine departments report to the Director General.

The departments are:

The Ministry of Finance is the central authority of the Federal Government of Somalia charged with the responsibilities devising and administering economic and financial policy of the country. Moreover, the key role of the Ministry lies with the more rationale allocation of resources; better management of public expenditure; enhanced mobilization of both internal and external resources; greater performance in public investments and strengthening of public enterprises productive capacity; open and simple foreign exchange policies and regulation, and prudent fiscal and monetary policies.