Financial secretary

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Financial secretary is an administrative and executive government position within the governance of a State, corporation, private or public organization, small group or other body with financial assets.

The executive is the organ exercising authority in and holding responsibility for the governance of a state. The executive executes and enforces law.

State (polity) organised community living under a system of government; either a sovereign state, constituent state, or federated state

A state is a political organization with a centralized government that maintains a monopoly by use of force within a certain geographical territory.

Corporation separate legal entity that has been incorporated through a legislative or registration process established through legislation

A corporation is an organization, usually a group of people or a company, authorized to act as a single entity and recognized as such in law. Early incorporated entities were established by charter. Most jurisdictions now allow the creation of new corporations through registration. Corporations enjoy limited liability for their investors, which can lead to losses being externalized from investors to the government or general public, while losses to investors are generally limited to the amount of their investment.

A financial secretary oversees policy concerning the flow of financial resources like money in and out of an organization. The officer sometimes determines policy concerning the purchase or sale of goods and services, collection of dues and employment. The officer implements policy with the cooperation of other executives.

Money Object or record accepted as payment

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Any item or verifiable record that fulfils these functions can be considered as money.

Employment is a relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee. Employees work in return for payment, which may be in the form of an hourly wage, by piecework or an annual salary, depending on the type of work an employee does or which sector she or he is working in. Employees in some fields or sectors may receive gratuities, bonus payment or stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits can include health insurance, housing, disability insurance or use of a gym. Employment is typically governed by employment laws, regulations or legal contracts.

Financial Secretary can also be the title of a cabinet member in a number of former and current British dependencies. This is the case in Hong Kong (see Financial Secretary (Hong Kong)), Jamaica, Montserrat, Saint Helena, etc. In the United Kingdom, the Financial Secretary to the Treasury is a junior minister position but the office holder attends the meetings of the cabinet. In some municipal and state governments, a financial secretary is an appointed or elected public official.[ citation needed ]

Financial Secretary (Hong Kong) principal official of the Hong Kong Special Administrative Region

The Financial Secretary is the title held by the Hong Kong government minister who is responsible for all economic and financial matters. The position is among the three most senior Principal Officials of the Government, second only to the Chief Secretary in the order of precedence. Together with other secretaries, the Financial Secretary is accountable to the Legislative Council and the territory's Chief Executive for his actions in supervising the formulation and implementation of financial and economic policies.

Financial Secretary to the Treasury Junior minister in the British Treasury

Financial Secretary to the Treasury is a junior Ministerial post in the British Treasury. It is the fifth most significant ministerial role within the Treasury after the First Lord of the Treasury, the Chancellor of the Exchequer, the Chief Secretary to the Treasury, and the Paymaster General. It is almost never a Cabinet office.

A state government is the government of a country subdivision in a federal form of government, which shares political power with the federal or national government. A state government may have some level of political autonomy, or be subject to the direct control of the federal government. This relationship may be defined by a constitution.

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Finance minister position in the government responsible for economic and financial policies

A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. It may also be a junior minister in the finance department, the British Treasury, for example has four junior ministers.

Executive Council of Hong Kong official advisory body to the Chief Executive of Hong Kong

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A Cabinet Secretary is usually a senior official who provides services and advice to a Cabinet of Ministers as part of the Cabinet Office. In many countries, the position can have considerably wider functions and powers, including general responsibility for the entire civil service.

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Principal Officials Accountability System

Principal Officials Accountability System, commonly referred to as the Ministerial system, sometimes the Accountability system, was introduced in Hong Kong by chief executive Tung Chee Hwa in July 2002. It is a system whereby all principal officials, including the Chief Secretary, Financial Secretary, Secretary for Justice and head of government bureaux would no longer be politically neutral career civil servants. Instead, they would all be political appointees chosen by the chief executive.

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Assistant Secretary is a title borne by politicians or government officials in certain countries, usually a junior ministers assigned to a specific Cabinet minister.

An undersecretary is an executive government official in many countries, frequently a career public servant, who typically acts as a senior administrator or second-in-command to a politically appointed Cabinet Minister or other government official. The title is used in many different political systems.

The Government of the Macau Special Administrative Region of the People's Republic of China, are headed by secretariats or commissioners and report directly to the Chief Executive of Macau. The affairs of the Government are decided by secretaries, who are appointed by the Chief Executive and endorsed by the Central People's Government (CPG) in Beijing. As a special administrative region of the PRC, Macau has a high degree of autonomy, in light of the "One Country, Two Systems" policy. The Macau Government, financially independent from the CPG, oversees the affairs of Macau.

The title secretary of state or state secretary is commonly used for senior or mid-level posts in governments around the world. The role varies between countries, and in some cases there are multiple secretaries of state in the government.

The Cabinet of Puerto Rico is the cabinet of the government of Puerto Rico and is composed of the most senior appointed officers of the executive branch of the government of Puerto Rico, who are generally the heads of the executive departments —known as the Council of Secretaries— and other officers at the same bureaucratic level—known as the Cabinet-level officers.