The exchequer refers to the national treasury or the financial resources of a country, state, or other entity. It encompasses all aspects of government finance, including revenue collection (taxes, duties), expenditure, and the management of public funds. The term originates from the checkered cloth used in medieval times to count and account for money. The exchequer is responsible for controlling and allocating funds to various government departments and programs, ensuring financial stability and economic management. It's the central body overseeing public spending and ensuring accountability in the use of taxpayer money. Proper management of the exchequer is crucial for a nation's economic well-being and public trust.
Exchequer meaning with examples
- The Chancellor of the exchequer announced a new budget aimed at stimulating economic growth and reducing the national debt. This budget was crucial to managing the exchequer during a time of economic uncertainty. The proposed tax cuts and spending adjustments were carefully considered for their impact on government finances and the overall economy.
- Reports revealed concerns about the stability of the exchequer due to increased spending on social programs and a decrease in tax revenue. The financial health of the exchequer directly affected funding for essential public services such as healthcare, education, and infrastructure projects. Measures were being considered to improve the exchequer's position.
- Auditors scrutinized the government's handling of the exchequer, uncovering irregularities in expenditure. Their report highlighted the importance of financial transparency and accountability in the management of public funds and the need for stringent oversight of the exchequer to prevent misuse.
- The government established a committee to review the efficiency and effectiveness of the exchequer's operations, looking to streamline processes. They aimed to identify ways to optimize resource allocation and ensure that taxpayer money was used responsibly. The recommendations focused on improving how the exchequer functions.
- Foreign investment and the overall economic climate strongly influenced the state of the exchequer in the preceding quarter. Increased economic activity positively impacted revenue streams. The exchequer benefited from greater tax revenue, bolstering the government's ability to invest in infrastructure and social programs.
Exchequer Synonyms
coffers finance fiscal resources funds government finance national treasury public purse treasuryExchequer Antonyms
bankruptcy debt deficit insolvency privatizationExchequer Crossword Answers
8 Letters
TREASURY