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A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. It may also be a junior minister in the finance department, the British Treasury, for example has four junior ministers. A finance minister's portfolio has a large variety of names across 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 Kingdom
United Kingdom
and Australia, the finance minister (called the "Chancellor of the Exchequer" and the "Treasurer" respectively) is in practice the most important cabinet post after the Prime Minister. 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
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
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
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 heads a separate portfolio of Finance and Deregulation. 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. Country-related articles and lists[edit]

 Afghanistan: Ministry of Finance  Albania: Ministry of Finance  Algeria: Ministry of Finance  Angola: Ministry of Finance  Argentina: Minister of Treasury and Public Finances  Australia: Treasurer of Australia
Australia
(with list). There is also a Minister for Finance who is responsible for areas such as government expenditure, financial management, and the operations of government.  Bahamas: Minister of Finance—There is also a Minister of State for Finance who is junior to the Minister.  Barbados: Minister of Finance  Bangladesh: Minister of Finance  Belarus: Ministry of Finance  Belgium: Ministry of Finance (list)  Brazil: Ministry of Finance  Brunei: Ministry of Finance  Bulgaria: Ministry of Finance (list)  Burma: Ministry of Finance  Cambodia: Ministry of Finance  Canada: Minister of Finance (with list)  Chile:Ministry of Finance of Chile  People's Republic of China: Minister of Finance - the Chairman of the National Development and Reform Commission
National Development and Reform Commission
also has power over government finance and the economy

 Hong Kong: Financial Secretary (with list), Secretary for the Treasury (under Financial Secretary)

 Republic of China: Ministry of Finance  Cyprus: Minister of Finance of the Republic of Cyprus  Czech Republic: Finance Minister of the Czech Republic  Denmark: Finance Minister (list)  Dominican Republic: Ministry of Finance (list)  Dominican Republic: Ministry of Economy  East Timor: Ministry of Finance  Egypt: Minister of Finance Estonia: Ministry of Finance  Ethiopia: Ministry of Finance and Economic Development  European Union: Commissioner for Economic and Financial Affairs  Fiji: Minister of Finance  Finland: Minister of Finance (with list)  France: Minister of the Economy, Finance and Employment (list)  Germany: Minister of Finance (list)  Greece: Minister for Finance  Hungary: Minister of Finance (with list)  Iceland: Minister of Finance  India: Finance Minister of India, (list)  Indonesia: Minister of Finance (with list)  Iran: Minister of Economic Affairs and Finance  Iraq: Minister of Finance  Ireland: Minister for Finance (with list), Minister for Public Expenditure and Reform  Israel: Finance Minister of Israel  Italy: List of Ministers of Economy and Finance  Jamaica: Minister of Finance  Japan: Minister of Finance (with list)  Kuwait: Ministry of Finance  Lebanon: Ministers of Finance list  Liberia: Ministry of Finance (with list)  Lithuania: Minister of Finance  Macedonia: Ministry of Finance  Malaysia: Minister of Finance (with list)  Mexico: Secretary of Finance  Montenegro: Ministry of Finance (with list)    Nepal: Ministry of Finance  Netherlands: Ministry of Finance  New Zealand: Minister of Finance (with list)  Norway: Minister of Finance (with list)  Pakistan: Finance Minister of Pakistan
Pakistan
(with list)  Peru: Ministry of Economy and Finance  Philippines: Secretary of Finance (with list)  Malta: Minister of Finance (with list)  Poland: Minister of Finance  Romania: Ministry of Public Finance  Russia: Ministry of Finance of the Russian Federation.  Samoa: Minister for Finance (with list)  Serbia: Minister of Finance  Singapore: Minister for Finance, Ministry of Finance  Slovenia: Minister of Finance  Somalia: Ministry of Finance and Planning  South Africa: Minister of Finance  South Korea: Ministry of Strategy and Finance  South Sudan: Ministry of Finance and Economic Planning  Spain: Minister of Finance  Sri Lanka: Minister of Finance  Sweden: Minister for Finance (with list)   Switzerland: Member of the Federal Council heading the "Federal Department of Finance" (with list)  Tanzania: Ministry of Finance and Economic Affairs  Thailand: Ministry of Finance  Trinidad and Tobago: Ministry of Finance [1]  Turkey: Ministry of Finance (list)  Uganda: Ministry of Finance, Planning and Economic Development  United Kingdom: Chancellor of the Exchequer
Chancellor of the Exchequer
(with list) and Her Majesty's Treasury

 Northern Ireland: Minister of Finance  Wales: Minister for Finance  Scotland: Cabinet Secretary for Finance, Employment and Sustainable Growth (with list)

 United States: Secretary of the Treasury
Secretary of the Treasury
(with list)  Uruguay: Minister for Economy and Finance  Uzbekistan: Ministry of Finance (Uzbekistan)  Vietnam: Ministry of Finance

See also[edit]

List of current finance ministers List of female finance ministers Finance Ministry of imperial China
China
between the Tang and Qing dynasties Finance Ministers of imperial Russia Finance Ministry of the Soviet Union Gosbank
Gosbank
("State Bank") and Gosplan
Gosplan
("State Planning Commission") of the Soviet Union

References[edit]

^ http://www.finance.gov.tt/

v t e

Common types of government ministers and ministries

Leadership

President Vice-President Prime Minister Deputy Prime Minister Office of the President Cabinet department / Office of the Prime Minister

Defence / Foreign Affairs / Public Safety

Defence (list) Foreign / External Affairs (list) International development Public Security / Internal Security / Homeland Security Immigration

Economics / Infrastructure

Commerce / Trade Communications Finance / Treasury (list) Industry Public Works / Infrastructure Transport

Environment / Natural resources

Agriculture Climate change Energy Environment (list) Fisheries Forestry Irrigation Land management Mining Natural resources Petroleum / Oil Water resources

Social

Education (List) Culture Health Information Interior / Internal Affairs / Home Affairs (list) Justice / Law Labour Religion Science (and Technology) Sports Tourism

Minister without portfolio  Minis

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