Ministry of Finance of Valruzia

This page only shows ministers since the restoration of democratic Valruzia (4645)

The Ministry of Finance is the Valruzian government department responsible for implementation of government monetary policy.

Functions
The Minister is in charge of one or more of government finances, economic policy and financial regulation. It may also be a junior minister in the finance department.

A finance minister's portfolio has a large variety of names across the world, such as "treasury", "finance", "financial affairs", "economy" or "economic affairs". The position of the finance minister might be named for this portfolio, but it may also have some other name, like "Treasurer".

The duties of a finance minister differ between countries. Typically, they encompass one or more of government finance, fiscal policy, and financial regulation, but there are significant differences between countries:

In some countries the finance minister might also have oversight of monetary policy (while in other countries that is the responsibility of an independent central bank); In some countries the finance minister might be assisted by one or more other ministers (some supported by a separate government department) with respect to fiscal policy or budget formation; In many countries there is a separate portfolio for general economic policy in the form of a ministry of "economic affairs" or "national economy" or "commerce"; 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 governments of federated states or provinces of a 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 rates and the money supply.