When the basic instructions of the Kingdom of Hijaz issued that financial matters are managed by the Department of Finance, has been
The formation of the Directorate General for financial management, financial matters and focus on a single point on 17 April 1346 e. On 04/11/1351 e Royal Order No. 381 was issued to change the public finance agency name to the Ministry of Finance, and was thus the second Ministry arise after the Ministry of Foreign Affairs, and became the Ministry of Finance is responsible for the organization and save the state money and collected and secure ways imports and expenditure and public reference to the general finances in the UK Hijazi Najdi and accessories.
In 1355 AH, and keep pace with the expansion of the work of the Ministry of Finance, has established several general directorates in the ministry included the General Directorate of Petroleum and Minerals and the General Directorate of Public Works, and the Directorate General of Customs, as well as private companies and construction projects, cash and Zakat and Income and Hajj affairs offices, then in 1356 his Bureau staff and retirement, and the Directorate of Agriculture in 1367 AH, and AH 08/23/1374 created in the Ministry of Finance and the agency for transportation affairs and included the departments of Post, Telegraph and the interests of roads and railways.
To meet the requirements of economic expansion, released on 11/06/1370 AH Ministerial Decree No. 518 establishment of the Office to oversee economic affairs and the decisions of the various international organizations that created the recommendations of the Security Council and the resolutions of the United Nations and the Islamic Arab Economic and conferences.
On 10/14/1372 AH issued Royal Decree No. 1697 establishment of the Ministry of the economy instead of the Office of Economic Affairs. On 01/06/1374 e Royal Decree No. 31 to merge the Ministry of Economy and Ministry of Finance in the Ministry and one on behalf of the Ministry of Finance and National Economy released, and dated 02/28/1424 AH issued Royal Decree No. "a / 2" transfer of economic activity from the Ministry to the Ministry of Planning and thus edit the name of the Ministry of Finance and National Economy to "Ministry of Finance" and the name of the Ministry of Planning to the Ministry of economy and Planning.