Share on Facebook Share on Twitter Email
Answers.com

Finance minister

 
WordNet: finance minister
 
Note: click on a word meaning below to see its connections and related words.

The noun has one meaning:

Meaning #1: the minister responsible for state finances
  Synonym: minister of finance


Search unanswered questions...
Enter a word or phrase...
All Community Q&A Reference topics
Wikipedia: Finance minister
 

The finance minister is a 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. He or she helps form 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 powers of a finance minister vary between governments. 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.

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. In Australia, 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.

Country-related articles and lists

See also


 
 

 

Copyrights:

WordNet. WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved.  Read more
Wikipedia. This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Finance minister" Read more

 

Mentioned in