finance ministry: These two functions are not accorded equal weight and never have been, according to The Guardian. The Treasury has always been primarily a finance ministry that views its main task as ensuring the nation's budget arithmetic adds up. It is actually a super-ministry combining functions separated in many other countries management of the economy and control of the public finances. Down the ages, the Treasury has argued there is nothing incompatible about its two objectives. If the City is relaxed about the public finances it charges lower interest rates on the money it lends to the state. Running a tight ship helps growth, it is said, because it leads to the financial markets having more confidence in the government.
(news.financializer.com). As
reported in the news.
Tagged under finance ministry, functions topics.