Finance minister

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. Although in many cases, especially the Anglo-American world, the posts are merged, the Finances and Economy are separate Ministries across most of the globe.

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.

In December 2010 The Banker recognised India's Pranab Mukherjee as their Finance Minister of the Year after making significant inroads into budget deficit reduction, throughout a turbulant year.[1]

Country-related articles and lists

Finance Minister of Russia Alexei Kudrin was chosen Finance Minister of the Year 2010 by the Euromoney magazine

See also

References



Wikimedia Foundation. 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Finance Minister of Denmark — The Finance Minister of Denmark (Danish Finansministeren) is the head of the Ministry of Finance of Denmark, and a member of the Cabinet. As head of the ministry, the minister has responsibility for the ministry s tasks of administrering the… …   Wikipedia

  • Finance Minister of Pakistan — The Finance Minister of Pakistan heads the Ministry of Finance. He serves in the cabinet of the Prime Minister. The Minister is required to be a member of Parliament. The current finance minister is Shaukat Tareen, who is officially the Adviser… …   Wikipedia

  • Finance Minister of the Palestinian National Authority — The Finance Minister of the Palestinian Authority is the head of the Palestinian National Authority (PNA) branch that is in charge of finance. The minister deals with launching audits, collecting tax from Palestinian businesses and overseeing… …   Wikipedia

  • Finance Minister of Nigeria — The Minister of Finance of Nigeria is a senior cabinet official in the Nigerian Federal Executive Council. The Finance Minister s main responsibility is to manage the finances of the Nigerian treasury in a transparent, accountable and efficient… …   Wikipedia

  • Finance Minister of Malta — The Finance Minister of Malta is the Head of the Ministry of Finance, Economy and Investment of Malta …   Wikipedia

  • Finance Minister of India — The Finance Minister of India is a cabinet position in the Government of India. He drafts the general budget of the country, and is in charge of the national economy. P. Chidambaram is the current incumbent …   Wikipedia

  • finance minister — noun the minister responsible for state finances • Syn: ↑minister of finance • Hypernyms: ↑minister, ↑government minister …   Useful english dictionary

  • Finance Minister of Israel — Finance Ministers of Israel, 1948 present= #1948 1952 Eliezer Kaplan #1952 1963 Levi Eshkol #1963 1968 Pinchas Sapir #1968 1969 Ze ev Sherf #1969 1974 Pinchas Sapir #1974 1977 Yehoshua Rabinovitz #1977 1979 Simha Erlich #1979 1981 Yigal Hurvitz… …   Wikipedia

  • Euromoney Finance Minister of the Year — Every year, Euromoney magazine selects a finance minister (from Europe or elsewhere) to receive the Finance Minister of the Year award. Past recipients are listed below.*1982 Hon Sui Sen of Singapore *1983 *1984 Paul Keating of Australia… …   Wikipedia

  • Minister of Finance of Mauritius — Minister of Finance Economic Development of Mauritius Coat of Arms of Mauritius …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”