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Finance minister

The finance minister is an executive or cabinet position in a government.

A minister of finance (also called financial affairs, the treasury, the economy, or economic affairs) has many different jobs in a government. The minister forms the government budget, stimulate the economy, and control finances. Finance ministers are often found in state or provincial governments if that country has a form of federalism. the Finance and Economy are separate ministries across most of the globe. Economic affairs are usually handle a ministry or department of commerce.

The powers of a finance minister vary between governments. Sometimes the finance minister is the most powerful cabinet post, like in Canada or New Zealand. In Australia, the finance minister is junior to the Treasurer - the Treasurer is responsible for economic matters and is assisted by the Minister for Finance and Deregulation (formerly Finance and Administration) who heads a separate department. Other times they are unpopular posts if they must raise taxes or cut spending.

In the United States, the finance minister is called the Secretary of the Treasury, though there is a separate Treasurer of the United States, and it is the director of the Office of Management and Budget who drafts the budget. In the United Kingdom, the finance minister is called the Chancellor of the Exchequer. In Hong Kong it is called the Financial Secretary, though there is a Secretary for the Treasury subordinate to him.

Country-related articles and lists

See also


af:Departement van Finansies ar: da:Finansminister de:Finanzminister es:Ministro de Econom a fr:Minist re de l' conomie et des Finances id:Menteri keuangan is:Fj rm lar herra it:Ministro delle Finanze lt:Finans ministras ms:Kementerian Kewangan nl:Ministerie van Financi n ja: no:Finansminister nn:Finansminister pl:Ministerstwo Finans w fi:Valtiovarainministeri sv:Finansminister zh:

Source: Wikipedia | The above article is available under the GNU FDL. | Edit this article

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