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The position has powers and responsibilities similar to those of the United States Secretary of the Treasury and the Treasurer of the United States, or the chief financial officer of a corporation. Current state treasurers or equivalents
Lord High Treasurer of the United Kingdom. Lord High Treasurer of Great Britain (1714–1817) Lord High Treasurer of England (c. 1126 –1714) — [b] Prime Minister of the United Kingdom and First Lord of the Treasury. Chancellor and Under-Treasurer of His Majesty's Exchequer and Second Lord of the Treasury. Lords Commissioners of His Majesty ...
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.
The Treasurer is the minister in charge of government revenue and expenditure. The Treasurer oversees economic policy: fiscal policy is within the Treasurer's direct responsibility, while monetary policy is implemented by the politically independent Reserve Bank of Australia, the head of which is appointed by the Treasurer.
The prime minister and treasurer are traditionally members of the House of Representatives, but the Constitution does not have such a requirement. As amended in 1987, the Minister of State Act 1952 permits up to 30 ministers. As members of one house cannot speak in the other, ministers in each house serve as representatives of colleagues in the ...
The head of state appoints a prime minister, of their personal choice: Example: France, where the president has the power to appoint the prime minister of their choice, though the National Assembly can force a government to resign, they cannot nominate or appoint a new candidate.
The Treasurer has a wider range of powers and responsibilities than the Minister for Finance, who has a comparatively narrower portfolio. The head office of the department is located at One Canberra Avenue, in the Canberra suburb of Forrest .
In Australia, the Treasurer is a senior minister and usually the second or third most important member of the government after the Prime Minister and Deputy Prime Minister. Each Australian state and self-governing territory also has its own treasurer. [citation needed] From 1867 to 1993, Ontario's Minister of Finance was called the Treasurer of ...