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Line 12: * 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 ~~the subnational~~ governments of [[federated state\|federated states or provinces]] of a [[federalism\|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 rate]]s and the [[money supply]]. The powers of a finance minister vary between governments. In the [[United Kingdom]] and [[Australia]], the finance minister (called the "[[Chancellor of the Exchequer]]" and the "[[Treasurer of Australia\|Treasurer]]", respectively) is in practice the most important cabinet post after ~~the Prime Minister and is often seen as the "right hand man/woman" to~~ the Prime Minister. 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]].

Ministry of finance: Difference between revisions