Everything about Treasury totally explained
» For the U.S. government securities, see Treasury security. Also see treasury management.:
For the defunct chain of discount stores owned by JCPenney, see Treasury Stores.
A
treasury is any place where the currency or items of high monetary value are kept. The term was first used in
Classical times to describe the votive buildings erected to house
gifts to the gods, such as the
Siphnian Treasury in
Delphi or many similar buildings erected in
Olympia, Greece by competing city-states to impress others during the
ancient Olympic Games.
The head of a Treasury is typically known as a
Treasurer. This position may not necessarily have the final control over the actions of the Treasury particularly if they're not an elected representative.
Examples of treasuries
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.
Her Majesty's Revenue and Customs administers the
taxation system.
In the
United States, the Treasurer reports to an executive-appointed
Secretary of the Treasury. The
IRS is the revenue agency of the
US Department of Treasury.
In many other countries, the treasury is called the
Ministry of Finance and the head is known as the Finance Minister. Examples include
New Zealand,
Canada,
Malaysia,
Singapore and
Japan.
In
Australia a Treasurer and a Finance Minister co-exist. The Treasurer is responsible for drafting the government budget and coordinating government expenditure. The Finance Minister is responsible for government policy guidelines for
commonwealth,
statutory authorities, and
superannuation policies.
Further Information
Get more info on 'Treasury'.
|
External Link Exchanges
Do you know how hard it is to get a link from a large encyclopaedia? Well we're different and will prove it. To get a link from us just add the following HTML to your site on a relevant page:
<a href="http://treasury.totallyexplained.com">Treasury Totally Explained</a>
Then simply click through this link from your web page. Our crawlers will verify your link, extract the title of your web page and instantly add a link back to it. If you like you can remove the words Totally Explained and embed the link in article text.
As long as your link remains in place, we'll keep our link to you right here. Please play fair - our crawlers are watching. Your site must be closely related to this one's topic. Any kind of spamming, dubious practises or removing the link will result in your link from us being dropped and, potentially, your whole site being banned. |
