ajpirzada
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What is the significance of the Finance ministry?
I guess it would be pretty much limited since the federal government also passes a budget.
after the devolution of power, it plays a crucial role in setting the taxation plans for the province and the dispersing of funds for various projects etc. However, if the Planning & Development division is kept separate, then the role of Finance Ministry becomes only that of the financier with regards to projects - as all the projects require approval of the planning body. But in our world , a financier holds all the power loool.
Nonetheless, managing the financial needs, which includes borrowing and lending from the financial markets, is within itself a very demanding role.