Minfin

What Minfin does

Ministerio de Finanzas Públicas (Minfin) is the central government ministry of the Republic of Guatemala responsible for formulating and executing national fiscal and financial policy. Operating as part of the Executive Branch under constitutional authority granted by the Organic Budget Law and Executive Branch Law, the ministry directs and consolidates the General Budget of Revenue and Expenditures, coordinates tax collection programming with the tax authority (SAT), manages public debt, regulates state procurement, and transfers resources to government entities. It serves Guatemala's 340 municipalities through DAAFIM support and constitutional fund distribution, and operates the Treasury bond (Bonos del Tesoro) program for public debt issuance.

Minfin operates an integrated platform architecture of more than 20 interconnected government financial management systems. The core stack comprises SICOIN (central government integrated accounting), SIGES (financial management and budget execution), Guatecompras (state procurement with OCDS-standard transparency), and Guatenóminas (government payroll). These integrate with specialized subsystems covering fiduciary information (SIF), transfers and subsidies (TSS), movable assets (SIGERBIM), decentralized entity accounting (SICOINDES), and property cadastre (DICABI), all connected to the Banco de Guatemala for settlement and aligned to NICSP international public sector accounting standards. Public-facing transparency is delivered through dedicated portals (Budget Transparency, Open Data, Government Transparency, Open Contracting Data) and a citizen helpdesk (CAU). Certifications include quality management, anti-bribery management, and budgetary transparency compliance under Acuerdo Gubernamental 50-2021.

As a sovereign finance ministry, Minfin does not generate commercial revenue. It is funded through national budget appropriations and serves institutional customers rather than paying clients: government entities as the primary stakeholder, municipalities as a secondary support constituency, and Treasury bond investors via authorized brokerage agents. It is led by Minister Jonathan Menkos Zeissig and headquartered at 8a. Avenida 20-59 Zona 1, Centro Cívico, Guatemala City, with a workforce of 535 employees distributed across 25+ directorates. International engagement includes fiscal cooperation agreements with the European Union, IMF transparency assessments, and bilateral tax information exchange agreements with seven Nordic jurisdictions.

Name

Minfin

Legal name

Ministerio de Finanzas Públicas

Website

https://minfin.gob.gt

Company type

Public

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Minfin is Guatemala's central government Ministry of Finance, exercising exclusive constitutional authority over fiscal policy, budget consolidation, treasury operations, public debt management, and state procurement for the Executive Branch, its 340 municipalities, and Treasury bond investors.

Ownership category

akta.pro rank

Product category

Government Financial Management

NAICS

Public Finance Activities (921130), Public Finance Activities (92113), Executive, Legislative, and Other General Government Support (921)

SIC

Finance Services (6199)

akta.pro industry

PRIMARYBPAIAEAA

Budgeting & Fiscal Planning

Business & Public Services/Public Sector & Government Administration/Public Finance, Treasury & Procurement

SECONDARYBPAIAEAB

Treasury & Cash Management

Business & Public Services/Public Sector & Government Administration/Public Finance, Treasury & Procurement

SECONDARYBPAIAEAD

Government Accounting & Financial Reporting

Business & Public Services/Public Sector & Government Administration/Public Finance, Treasury & Procurement

SECONDARYBPAIAEAC

Public Debt Management

Business & Public Services/Public Sector & Government Administration/Public Finance, Treasury & Procurement

SECONDARYBPAIACAC

Municipal Finance, Treasury, Budget & Procurement

Business & Public Services/Public Sector & Government Administration/Local/Municipal Government Administration

SECONDARYBPAIAAAB

Central Government Policy, Strategy & Performance (incl. OMB-style functions)

Business & Public Services/Public Sector & Government Administration/Central/Federal Government Administration

Keywords

• Public finance management
• Government accounting systems
• Treasury operations
• Public procurement
• Fiscal policy administration

Headquarters

HQ city

Guatemala City

HQ country

Guatemala

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Distribution channels4 records

Marketing channels5 records

Core offering

Ministerio de Finanzas Públicas (Minfin) is the central government ministry of Guatemala responsible for formulating and executing fiscal policy, consolidating the General Budget of Revenue and Expenditures, managing public debt, coordinating tax collection with SAT, regulating state procurement, and distributing constitutional transfers to municipalities. The ministry operates an integrated platform of government IT systems (SICOIN, SIGES, Guatecompras, Guatenóminas, SIF, TSS, RGAE) that record budget execution, manage procurement, process payroll, track fiduciary funds, and publish transparency data using the OCDS standard.

Product overview

Minfin operates a platform architecture of 20+ interconnected government financial management systems organized into core accounting and procurement systems, transparency and data portals, and specialized subsystems. The core systems include SICOIN (central government accounting), SIGES (financial management), Guatecompras (procurement), and Guatenóminas (payroll), which are integrated through shared data standards and interfaces. Transparency is provided through dedicated portals including the Budget Transparency Portal, Open Data Portal, Government Transparency Portal, and OCDS-compliant procurement data. Specialized subsystems handle discrete functions: municipal management (ICFM/IGFM), fiduciary information (SIF), transfers and subsidies (TSS), movable assets (SIGERBIM), cadastre (DICABI), training (DIFODA), and treasury bond issuance. The systems share common infrastructure, integrate with the national treasury and Banco de Guatemala for payment processing, and follow public sector accounting standards including NICSP.

Differentiator

Problem solved

Functional benefit

Products and services

• SICOIN - Sistema de Contabilidad Integrada
• SIGES - Sistema de Gestión
• Guatecompras
• Guatenóminas
• SICOINDES
• SIF - Sistema de Información de Fideicomisos
• RGAE - Registro General de Adquisiciones del Estado
• Bonos del Tesoro
• DICABI - Matrícula en Línea
• CAU - Centro de Atención al Usuario
• TSS - Sistema de Transferencias, Subsidios y Subvenciones
• SIGERBIM - Sistema de Gestión de Resoluciones de Bienes Muebles
• Gestión Municipal - ICFM, IGM, Cálculo Matemático
• DIFODA - Dirección de Formación y Desarrollo Profesional de Adquisiciones del Estado
• OCDS - Estándar de Datos para Contrataciones Abiertas
• Portal de Transparencia Presupuestaria
• Portal de Datos Abiertos

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature8 records

Partnerships

Nine partnerships are on record, tiered minor.

• Kingdom of DenmarkminorStrategic or Co-development PartnerBilateral agreement for exchange of tax information between governments. Part of international tax transparency initiatives.
• NorwayminorStrategic or Co-development PartnerBilateral agreement for exchange of tax information. Part of international efforts to combat tax evasion.
• FinlandminorStrategic or Co-development PartnerBilateral agreement for exchange of tax information between governments.
• IcelandminorStrategic or Co-development PartnerBilateral agreement for exchange of tax information between governments.
• SwedenminorStrategic or Co-development PartnerBilateral agreement for exchange of tax information between governments.
• Faroe IslandsminorStrategic or Co-development PartnerBilateral agreement for exchange of tax information with Faroe Islands.
• GreenlandminorStrategic or Co-development PartnerBilateral agreement for exchange of tax information with Greenland.
• Central American Tax Administration Cooperation Agreement 652minorStrategic or Co-development PartnerMutual administrative assistance and technical cooperation agreement between Central American tax and customs administrations.
• Instituto Centroamericano de Estudios Fiscales (ICEFI)minorStrategic or Co-development PartnerFramework cooperation agreement with Congress, Ministry of Finance, and ICEFI for fiscal studies and research.

Recent moves2 records

Expansion highlights4 records

Direct peers

• Ministerio de Economía y Finanzas Públicas de Bolivia: Bolivia's Ministry of Economy and Public Finance performs the equivalent fiscal policy, budget, and public debt mandate. Comparable in scope and institutional design within Latin America.
• Ministerio de Hacienda de Costa Rica: The Costa Rican Ministry of Finance performs the equivalent role for Costa Rica — formulates fiscal policy, executes the national budget, manages public debt, and oversees state procurement. Direct regional peer to Minfin with comparable mandate and institutional structure.
• Banco de Guatemala: Guatemala's central bank is the domestic monetary authority and the primary counterparty for Minfin's treasury and payment processing operations. Directly comparable in fiscal-finance architecture and tightly integrated via LBTR settlement infrastructure.
• Ministerio de Hacienda de El Salvador: El Salvador's Ministry of Finance is responsible for fiscal policy, budget execution, public debt, and state procurement in the same Central American context as Minfin. Triangulated regional peer for benchmarking.
• Secretaría de Finanzas de Honduras: Honduras's finance secretariat executes the national budget, manages public debt, and administers state procurement for the Honduran government. Direct Central American peer with overlapping mandate and similar institutional challenges.
• Superintendencia de Administración Tributaria de Guatemala (SAT): Guatemala's tax administration authority coordinates tax collection programming with Minfin and is the operational counterpart for revenue-side fiscal execution. Direct domestic peer in Guatemala's fiscal architecture.
• Ministerio de Economía y Finanzas del Uruguay: Uruguay's Ministry of Economy and Finance formulates and executes fiscal policy, manages public debt, and oversees the national budget. Comparable in scope and function, frequently cited as a Latin American transparency benchmark.

Broad incumbents

• Secretaría de Hacienda y Crédito Público de México: Mexico's federal finance ministry performs a comparable role at much larger scale, including tax administration policy, federal budget, and public debt management. Broad incumbent peer operating in the broader Latin American fiscal policy space.
• Ministerio de Hacienda de Chile: Chile's Ministry of Finance handles fiscal policy, the national budget, and public debt at a more developed institutional level. Regional benchmark peer frequently cited for transparency and NICSP-style accounting practices.
• Ministerio de Hacienda de Colombia: Colombia's Ministry of Finance and Public Credit manages fiscal policy, the national budget, and public credit for the Colombian state. Larger-scale LATAM peer with overlapping mandate.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/MinfinGT
• YouTubeyoutube.com/channel/UCJJ071vIw7Bu8lJmXfiVrKw
• Facebookfacebook.com/MinfinGT
• LinkedInlinkedin.com/company/minfin
• Instagraminstagram.com/minfingt
• TikToktiktok.com/@finanzasgt

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Minfin