Treasury
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- For the U.S. government securities, see Treasury security. Also see treasury management.
A treasury is the part of a government which manages all money and revenue. A treasurer is the person in charge of the treasury; although, in some systems (such as the US) the treasurer reports to a secretary of the treasury. The IRS is the revenue agency of the US Department of Treasury.
In the United Kingdom, Her Majesty's Treasury is overseen by the Chancellor of the Exchequer. The traditional honorary title of First Lord of the Treasury is held by the Prime Minister.
In Australia there is a Treasurer and a Finance Minister. The Treasurer is responsible for drafting the government budget and coordinating government expenditure. The Finance Minister is responsible for government procurement, policy guidelines for commonwealth, statutory authories, and superannuation policies.
In many other countries, the treasury is called the Ministry of Finance and the head is the Finance Minister. Examples include New Zealand, Canada, Malaysia, Singapore and Japan.
Notable Treasuries
- United States Department of the Treasury
- HM Treasury of the United Kingdom
- Trésor public in France
- Aerarium in Ancient Rome
Notable Treasurers and Secretaries
- Jean-Baptiste Colbert (France)
- Alexander Hamilton (United States)
- John W. Snow (United States)