Government
The Treasury of a country is the department responsible for the country's economy, finance and revenue. The Treasurer is generally the head of the Treasury, although, in some countries (such as the U.K. or the U.S.) the treasurer reports to a Secretary of the Treasury, or Chancellor of the Exchequer. In Australia, the Treasurer is a senior Minister and usually the second most important member of the Government after the Prime Minister. From 1867 to 1993, the Ministry of Finance (Ontario) was called the Treasurer of Ontario.
Originally the word referred to the person in charge of the treasure of a noble; however, it has now moved into wider use. In the UK during the 17th Century, a position of Lord High Treasurer was used on several occasions as the third great officer of the Crown. Now the title First Lord of the Treasury is the official title of the British Prime Minister.
Read more about this topic: Treasurer
Famous quotes containing the word government:
“The government is not God. It does not have the right to take away that which it can’t return even if it wants to.”
—Anton Pavlovich Chekhov (1860–1904)
“The scope of modern government in what it can and ought to accomplish for its people has been widened far beyond the principles laid down by the old “laissez faire” school of political rights, and the widening has met popular approval.”
—William Howard Taft (1857–1930)
“Government is an evil; it is only the thoughtlessness and vices of men that make it a necessary evil. When all men are good and wise, government will of itself decay.”
—Percy Bysshe Shelley (1792–1822)