The Ministry of Finance of the Nakhchivan Autonomous Republic (hereinafter - the Ministry) is the state body that develops and implements the financial policy of the Nakhchivan Autonomous Republic, organizes the management of state finances, prepares drafts of the state and general budgets and ensures the cash flow of the state budget, and organizes and conducts accounting. is a central executive power body that ensures implementation of state control in the areas of regulation, use of state budget funds, production, processing and circulation of precious metals and precious stones.

The Finance Training Center under the Ministry of Finance of the Nakhchivan Autonomous Republic was established by the Decree No. 220-05/S dated February 10, 2018 of the Chairman of the Supreme Assembly of the Nakhchivan Autonomous Republic. The center is an institution that ensures the improvement of the professional training of those working in the field of finance and accounting.

The public procurement control sector of the Ministry of Finance of the Nakhchivan Autonomous Republic supervises the purchase of goods (works and services) at the expense of state funds at the expense of state funds in accordance with the law, on the basis of competition and transparency, and the compliance of prices with real market prices, state enterprises and organizations (departments), implements measures for efficient and economical use of state funds by enterprises and organizations with a state share of 30% or more in the charter fund.