The State Treasury’s organisation will be reformed at the turn of the year. The purpose of the reform is to strengthen the core functions of the State Treasury and reinforce cooperation across organisation. The reform lays a foundation for the State Treasury to streamline its organisation and operations in times of tightening public finances. The reform also supports the implementation of State Treasury’s strategy, which is centered on impact and sustainability.
The State Treasury’s reformed organisation consists of five main departments and two departments providing support functions. In addition, the units of Communications and Internal Audit will operate under the Director General.
The new departments are:
- Compensations
- Loans and Guarantees
- Economy and Working Life
- Government Grants
- Debt Management
- Administration
- Technology
The reform responds to central government’s productivity requirements by streamlining State Treasury’s operations and management. Two functions, Communications and IT Management, will be centralised in the new organisation. The number of staff and management will gradually decrease.
The services provided by the State Treasury and its cooperation with customers, partners and stakeholders will remain unchanged in the new organisation.
“Managing the central government’s assets and liabilities with knowledge, competence and efficiency is at the core of State Treasury. Everything we do must support this in the best possible way,” says Director General Liisa Räsänen.
New departments will take effect on 1 January 2025
The State Treasury’s new Compensations Department (formerly Services for Citizens Division) is responsible for the provision of various services related to compensations, damages and accidents with disabled war veterans, other citizens as well as the authorities as their customers. The department is also responsible for matters related to inheritance and wills to the central government.
In the new organisation, the current Finance Division is divided into two departments: Loans and Guarantees and Debt Management. The Loans and Guarantees Department is responsible for the management of loans, interest subsidies and guarantees granted by the central government. The Debt Management Department is responsible for the central government borrowing, debt and cash management.
Economy and Working Life Department (formerly Economy, Information and Working Life Division) provides services of financial accounting, data analytics and working life development for central and general governments. The department is also responsible for the central government payment transactions and procurement as well as financial data production of Finland’s municipalities and wellbeing services counties.
Government Grants Department (formerly Government Grant Services Division) is responsible for the online services for discretionary government grants and for administering and supervising the implementation of Finland’s Recovery and Resilience Plan (RRP)
The Administration and Technology departments are responsible for the State Treasury’s administration, internal services and technology.
Changes to the State Treasury management group
The organisational reform will also change the composition of the State Treasury management group. As of 1 January 2025, the members of the management group will be:
Liisa Räsänen, Director General
Sanna Esterinen, Head of Department, Compensations
Sanna Pälsi, Head of Department, Loans and Guarantees
Lasse Skog, Head of Department, Economy and Working Life
Mari Näätsaari, Head of Department, Government Grants
Anu Sammallahti, Head of Department, Debt Management
Mikko Kangaspunta, Head of Department, Administration
Tomi Poikola, Head of Department, Technology
Hanna Koskinen, Director, Communications
Ari Kauhanen, Project Manager, Staff Representative
Mia Lempinen, Administrative Assistant, Secretary of the Management Group
The organisational reform was prepared by the State Treasury in autumn of 2024. During 2025, the reform will continue with the planning and implementation of operational changes.
Additional information
Director General Liisa Räsänen
