Treasury written question – answered at on 28 February 2022.
Margaret Hodge
Labour, Barking
To ask the Chancellor of the exchequer, what the annual budget was for Office of Financial Sanctions Implementation (OFSI) for each of the last three years; and how many financial investigators are employed to work in OFSI for financial year 2021-22.
John Glen
Minister of State (Treasury) (City), The Economic Secretary to the Treasury
The staff in post in OFSI was 37.8 FTE as at 31 March 2021. This information can be found in HM Treasury’s Outcome Delivery Plan 2021 to 2022, available at:
Releasing further details of OFSI’s budget and headcount by function could prejudice its operational effectiveness.
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
