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.

Matched Categories

How to pronounce finance minister?

How to say finance minister in sign language?

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. Jeroen Dijsselbloem:

    My understanding is that (German Finance Minister Wolfgang) Schaeuble said we must reduce risks in the banking systems and he would rather talk of that side of the medal, but there are two sides of the medal, there is the side of reducing risks and at the same time building a more risk sharing system. We have to take both approaches at the same time as far as I am concerned.

  2. Gabriel Sakellaridis:

    The criticism by Mr. Lafazanis toward Mr. Stournaras refers to the period that he was finance minister, obviously, today he is a central banker but there can be and should be political criticism over the period that he was a finance minister.

  3. Lee Hardman:

    Finance Minister Aso stated strongly that sudden yen strength or weakness is bad and that Japan has the means to intervene, he also attempted to alter market expectations that US opposition will prevent Japan from intervening. Overall, the comments do not significantly change our view that direct intervention to dampen yen strength remains unlikely in the near-term.

  4. 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.

  5. Paulo Skaf:

    If the finance minister can't fix the Brazilian economy without raising taxes, he should pack his bags and go, if he continues like this, he will become the minister of unemployment.


Translations for finance minister

From our Multilingual Translation Dictionary

Get even more translations for finance minister »

Translation

Find a translation for the finance minister definition in other languages:

Select another language:

  • - Select -
  • 简体中文 (Chinese - Simplified)
  • 繁體中文 (Chinese - Traditional)
  • Español (Spanish)
  • Esperanto (Esperanto)
  • 日本語 (Japanese)
  • Português (Portuguese)
  • Deutsch (German)
  • العربية (Arabic)
  • Français (French)
  • Русский (Russian)
  • ಕನ್ನಡ (Kannada)
  • 한국어 (Korean)
  • עברית (Hebrew)
  • Gaeilge (Irish)
  • Українська (Ukrainian)
  • اردو (Urdu)
  • Magyar (Hungarian)
  • मानक हिन्दी (Hindi)
  • Indonesia (Indonesian)
  • Italiano (Italian)
  • தமிழ் (Tamil)
  • Türkçe (Turkish)
  • తెలుగు (Telugu)
  • ภาษาไทย (Thai)
  • Tiếng Việt (Vietnamese)
  • Čeština (Czech)
  • Polski (Polish)
  • Bahasa Indonesia (Indonesian)
  • Românește (Romanian)
  • Nederlands (Dutch)
  • Ελληνικά (Greek)
  • Latinum (Latin)
  • Svenska (Swedish)
  • Dansk (Danish)
  • Suomi (Finnish)
  • فارسی (Persian)
  • ייִדיש (Yiddish)
  • հայերեն (Armenian)
  • Norsk (Norwegian)
  • English (English)

Word of the Day

Would you like us to send you a FREE new word definition delivered to your inbox daily?

Please enter your email address:


Citation

Use the citation below to add this definition to your bibliography:

Style:MLAChicagoAPA

"finance minister." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/finance+minister>.

Discuss these finance minister definitions with the community:

0 Comments

    Are we missing a good definition for finance minister? Don't keep it to yourself...

    Image or illustration of

    finance minister

    Credit »

    Free, no signup required:

    Add to Chrome

    Get instant definitions for any word that hits you anywhere on the web!

    Free, no signup required:

    Add to Firefox

    Get instant definitions for any word that hits you anywhere on the web!

    Browse Definitions.net

    Quiz

    Are you a words master?

    »
    come out into view, as from concealment
    A condemn
    B emerge
    C obligate
    D interrupt

    Nearby & related entries:

    Alternative searches for finance minister: