What does finance minister mean?

Definitions for finance minister
fi·nance min·is·ter

This dictionary definitions page includes all the possible meanings, example usage and translations of the word finance minister.

Princeton's WordNet

  1. finance minister, minister of financenoun

    the minister responsible for state finances

Wikipedia

  1. 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.

ChatGPT

  1. finance minister

    A finance minister is a government official who is responsible for managing and supervising the financial and economic affairs of a country or state. This includes overseeing budget planning and implementation, financial policy formulation, tax regulation, economic planning and forecasting, and public expenditure management. The finance minister often plays a crucial role in shaping the country's economic policies, striving to promote economic growth and stability. Specific roles and responsibilities may vary depending on the government's structure in different countries.

Wikidata

  1. 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.

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Numerology

  1. Chaldean Numerology

    The numerical value of finance minister in Chaldean Numerology is: 8

  2. Pythagorean Numerology

    The numerical value of finance minister in Pythagorean Numerology is: 6

Examples of finance minister in a Sentence

  1. Lorne Baring:

    Investors have a glimmer of hope from the fact that in Alexis Tsipras' speech he still refers to a deal being struck. And with the removal of Yanis Varoufakis as finance minister, there is clearly an intent to improve relations with the Troika creditor group, however, in the face of the Greek tragedy and China market turbulence, investors still have plenty to worry about.

  2. Polish Prime Minister Beata Szydlo:

    Mr. President prepared a project which in my opinion may yet be amended or improved, we now give ourselves time to do that, Finance Minister (Andrzej) Szalamacha and Deputy Prime Minister (Mateusz) Morawiecki will deal with this.

  3. Asad Umar:

    No one should expect from the new finance minister that things could be better in three months' time, the next budget will be a difficult one.

  4. Hans Joerg Schelling:

    For me as new finance minister it was a matter of getting clarity and having facts and figures on the table that were as clean as possible to be able to make decisions, now they are there and even if the number is dramatic I am happy that facts and figures are on the table and no one is trying to get back into the fog zone.

  5. Chancellor Angela Merkel:

    These are initial discussions and there have been no decisions by the finance ministers, i will talk to (Finance Minister) Olaf Scholz so that Germany continues to take part (in the discussions). But there are no results regarding this.


Translations for finance minister

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"finance minister." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/finance+minister>.

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