Everything about The Finance Minister totally explained
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.
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're 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's a separate
Treasurer of the United States, and it's 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's called the
Financial Secretary, though there's a
Secretary for the Treasury subordinate to him.
Country-related articles and lists
Further Information
Get more info on 'Finance Minister'.
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