After World War II, today's Saxony-Anhalt was part of the Provinzialverwaltung Sachsen, with finances governed initially by president Erhard Hübener.

Saxony-Anhalt was restored as a state in 1990 after the German reunification, and the Ministry of Finance was reestablished.

Additionally, financial planning for five years (Mittelfristige Finanzplanung [de]) has been provided.

[1] The ministry is organised in departments for general and legal affairs (Allgemeine Angelegenheiten, Dienst- und Tarifrecht), budget (Haushalt), estate and economics (Vermögens- und wirtschaftspolitische Angelegenheiten), management of properties and buildings (Staatliches Liegenschafts- und Baumanagement), and taxes (Steuern).

It also contains an office for relations to the European Union (Interministerielle Geschäftsstelle zur Steuerung der EU-Strukturfonds).