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Encyclopedia > Finance minister

The finance minister is a cabinet position in a government. A Cabinet is a body of high-ranking members of government, typically representing the executive branch. ...


A minister of finance (also called financial affairs, the treasury, the economy, or economic affairs) has many different jobs in a government. He or she helps form the budget, stimulate the economy, or helps control finances. Finance ministers are often found in state or provincial governments if that country has a form of federalism. Finance studies and addresses the ways in which individuals, businesses and organizations raise, allocate and use monetary resources over time, taking into account the risks entailed in their projects. ... Federalism can refer to: The form of government, or constitutional structure, found in a federation. ...


Finance ministers powers can vary from governments, but not like a foreign minister. Sometimes the finance minister is the most powerful cabinet post, like in Canada or New Zealand. Other times they are unpopular posts if they must raise taxes or cut spending. A minister for foreign affairs, or foreign minister, is a cabinet minister that helps to form foreign policy for sovereign nations. ...


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, though the prime minister is also the First Lord of the Treasury. The United States Secretary of the Treasury is the finance minister of the Federal Government of the United States. ... The Treasurer of the United States is the only position within the United States Department of the Treasury older than the Department itself. ... The Office of Management and Budget (OMB) is a body within the Executive Office of the President of the United States which is tasked with coordinating United States Federal agencies. ... The Right Honourable Gordon Brown, PC, MP, current Chancellor of the Exchequer The Chancellor of the Exchequer is the ancient title held by the British cabinet minister whose responsibilities are akin to the posts of Minister for Finance or Secretary of the Treasury in other jurisdictions. ... A prime minister may be either: the chief or leading member of the cabinet of the top-level government in a country having a parliamentary system of government; or the official, in countries with a semi-presidential system of government, appointed to manage the civil service and execute the directives...


  Results from FactBites:
 
Finance minister - Wikipedia, the free encyclopedia (293 words)
Finance ministers are often found in state or provincial governments if that country has a form of federalism.
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.
  More results at FactBites »

 
 

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