The Chancellor of the Exchequer (Theme B) Flashcards
1
Q
What is the role of the Chancellor of the Exchequer?
A
To budget for income, expenditure and debts, manage risks, and make decisions about the allocation of public funding.
2
Q
What are the key responsibilities of the role of the Chancellor of the Exchequer?
A
- raising revenue for the government through taxation or borrowing.
- controlling how government revenue is spent.
- leading the Treasury, a ministerial department made up of junior ministers and civil servants.
- allocating the expenditure limits for all other government departments.