Finance Minister
Definition:
A finance minister is a government official who is responsible for managing the country's money and financial matters. This person handles the budget, taxes, and economic policies.
Usage Instructions:
- The term "finance minister" is a noun and is usually capitalized when referring to a specific person or title (e.g., "the Finance Minister of Canada"). - It can be used in both formal and informal contexts when discussing government finance.
Example Sentence:
"The finance minister announced new tax policies to help boost the economy."
Advanced Usage:
In discussions about government and economics, you might encounter phrases like "the finance minister's budget proposal" or "the finance minister's role in international negotiations."
Word Variants:
- Finance (noun): The management of large amounts of money, especially by governments or large companies. - Minister (noun): A high-ranking government official responsible for specific areas of public policy.
Different Meanings:
While "finance minister" refers specifically to the government official in charge of finances, the word "finance" on its own can refer to the science of managing money, investments, and resources.
Synonyms:
- Treasurer (in some contexts, especially in smaller governments or organizations) - Secretary of Finance (used in some countries)
Idioms and Phrasal Verbs:
- "Balancing the budget": This means ensuring that government spending does not exceed its income, a key responsibility of the finance minister. - "Cutting costs": This phrase means reducing expenses, which is often a focus for finance ministers when managing budgets.