The Ministry of Finance (FM) is a part of the Government. The Ministry prepares the Government's economic and financial policy as well as the Budget, and acts as a tax policy expert. It is also responsible for preparing the financial market policy, the state's employer and personnel policy and developing public administration. In addition, the Ministry of Finance is responsible for developing the local government legislation as well as local government finances. The Ministry participates in the activities of the European Union as well as several international organisations and financial institutions.