finance minister
finance minister
English Definitions:
finance minister, minister of finance (noun)
the minister responsible for state finances
Finance minister
The finance minister is an executive or cabinet position in a government. A minister of finance 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. Although in many cases, especially the Anglo-American world, the posts are merged, the Finance and Economy are separate ministries across most of the globe. Economic affairs are usually the responsibility of the 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 who is responsible for government budgets, economic matters and is assisted by the Minister for Finance and Deregulation 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 equivalent of the finance and economic minister is the Chancellor of the Exchequer. However in the United Kingdom the Chancellor of the Exchequer is also styled Second Lord of the Treasury with the Prime Minister also holding the historic position of First Lord of the Treasury. This signals the Prime Minister's seniority and superior responsibility over the treasury. In Hong Kong it is called the Financial Secretary, though there is a Secretary for the Treasury subordinate to him.
Finance minister
A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", "finance", "financial affairs", "economy" or "economic affairs". The position of the finance minister might be named for this portfolio, but it may also have some other name, like "Treasurer" or, in the United Kingdom, "Chancellor of the Exchequer". The duties of a finance minister differ between countries. Typically, they encompass one or more of government finance, fiscal policy, and financial regulation, but there are significant differences between countries: in some countries the finance minister might also have oversight of monetary policy (while in other countries that is the responsibility of an independent central bank); in some countries the finance minister might be assisted by one or more other ministers (some supported by a separate government department) with respect to fiscal policy or budget formation; in many countries there is a separate portfolio for general economic policy in the form of a ministry of "economic affairs" or "national economy" or "commerce"; in many countries financial regulation is handled by a separate agency, which might be overseen by the finance ministry or some other government body.Finance ministers are also often found in governments of federated states or provinces of a federal country. In these cases their powers may be substantially limited by superior legislative or fiscal policy, notably the control of taxation, spending, currency, inter-bank interest rates and the money supply. The powers of a finance minister vary between governments. In the United States, the finance minister is called the "Secretary of the Treasury", though there is a separate and subordinate 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 equivalent of the finance minister is the Chancellor of the Exchequer. Due to a quirk of history, the Chancellor of the Exchequer is also styled Second Lord of the Treasury with the Prime Minister also holding the historic position of First Lord of the Treasury. This signals the Prime Minister's seniority and superior responsibility over the Treasury. In Hong Kong the finance minister is called the Financial Secretary, though there is a Secretary for the Treasury subordinate to him. In Australia, the senior minister is the Treasurer, although there is a Minister for Finance who is more junior and, as of 2018, heads a separate portfolio of Finance and the Public Service. Finance ministers can be unpopular if they must raise taxes or cut spending. Finance ministers whose key decisions had directly benefited both the performance and perception of their country’s economic and financial achievements are recognised by the annual Euromoney Finance Minister of the Year award.
Citation
Use the citation below to add this dictionary page to your bibliography:
Style:MLAChicagoAPA
"finance minister." Kamus.net. STANDS4 LLC, 2024. Web. 18 Apr. 2024. <https://www.kamus.net/english/finance+minister>.
Discuss this bahasa indonesia finance minister translation with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In