Treasury

:For the U.S. government securities, see Treasury security. Also see treasury management.

Related Topics:
Treasury security - Treasury management

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The term treasury was first used in classical times to describe the votive building erected to house gifts to the gods, such as the Siphnian Treasury in Delphi or the many buildings put up in Olympia, Greece by competing city-states, to impress each other during the Ancient Olympic Games.

Related Topics:
Siphnian Treasury - Delphi - Olympia, Greece - Ancient Olympic Games

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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.

Related Topics:
Government - Manages - Money - Revenue - Treasurer - US - Secretary of the treasury - IRS - US Department of Treasury

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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.

Related Topics:
United Kingdom - Her Majesty's Treasury - Chancellor of the Exchequer - First Lord of the Treasury - Prime Minister

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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 authorities, and superannuation policies.

Related Topics:
Australia - Procurement - Commonwealth - Statutory authorities - Superannuation

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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.

Related Topics:
Ministry of Finance - New Zealand - Canada - Malaysia - Singapore - Japan

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