Treasury


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treasury

1. the revenues or funds of a government, private organization, or individual
2. a place where funds are kept and disbursed

Treasury

(in various countries) the government department in charge of finance. In Britain the Treasury is also responsible for economic strategy

Treasury

 

(1) A depository of money, valuables, and other material wealth of khans, tsars, grand dukes and appanage princes, and monasteries.

(2) In centralized states, the aggregate of financial resources of the state. Through the treasury, the state is legally the holder of certain property rights and interests. Socialist countries haveno need for this concept of a treasury.


Treasury

 

in capitalist countries a special government body in charge of the cash fulfillment of the state budget. The treasury organizes the collection of such state revenues as taxes, fees, customs duties, and the proceeds from sale of state bonds; it also allocates funds to cover budget expenditures. In many instances the treasury issues paper money.

In the USA the Department of the Treasury is the ministry of finance; in France the treasury is set up as the treasury office of the Ministry of Finance, and in Great Britain it is an independent agency. In most capitalist countries, the state makes the central banks of issue responsible for the cash fulfillment of the budget. The “bank system” reduces state expenses for maintaining the treasury administration and facilitates state control over the resources of the budget.

In Russia the treasury was established after 1863 when the department of the state treasury was created within the Ministry of Finance. The treasury exercised control over the local bodies known as financial boards. All revenues collected by the treasury system were registered in one account at the state bank.

There is no treasury in the USSR. Cash fulfillment of the statebudget is accomplished by the Gosbank (State Bank) of the USSR.

A. B. EIDEL’NANT

References in periodicals archive ?
The State Treasury has well implemented the work of administrative procedures and renovated state budget spending control through the State Treasury, specifically: Implementing the control of state budget spending commitments through the State Treasury, contributing to improving discipline discipline finance and prevent debt arrears; Develop and improve mechanisms and processes to control state budget spending through the State Treasury in the direction of simplification; clearly defining responsibilities and powers of agencies and units; At the same time, step by step transition from pre-control, post-payment to prepayment, post-control.
Of the outstanding T-bills, P109.1 billion were from the auction of benchmark 91-day IOUs; P174.9 billion, 182-day debt paper, and P301.4 billion, 364-day Treasury bills.
Application security is about protecting access to treasury and payment systems, including managing the credentials that are needed to log into these platforms.
The researchers consider three factors that may contribute to the Treasury premium: the sovereign credit risk differential between the U.S.
Treasury Today said this year proved particularly challenging against a backdrop of a tough operating environment, as innovation and creativity within treasury departments were key criteria for the winning entries.
It will have more similarities with the treasury function of a council than it will with the functions at Westminster.
The analysis was based on recent sales of stock in AIG subsidiaries being divested as well as in facilities held by the Treasury and the Fed secured by securities owned by AIG.
Experts keep criticizing banks for investing their money in treasury bills instead of crediting firms more.
The last auctions Treasury held was on April 13 and March 8.
Treasury Inflation-Protected Securities (TIPS) are a different breed of Treasury that offers little interest, but is adjusted for inflation twice a year.
A a time of approximately 10 percent unemployment nationwide, treasury practitioners have high (41 percent) job security and more than 61 percent expect their annual compensation to increase up to 5 percent.
Recommendation: To help gauge investor demand in the context of projected sustained increases in federal debt, the Secretary of the Treasury should continually review methods for collecting market information and consider conducting a systematic and periodic survey of the largest holders of Treasury securities in all sectors.