Exchequer

UK revenue department

The Exchequer is the British government's treasury department, responsible for collecting and managing public funds.

The Chancellor of the Exchequer is Britain's finance minister.

Historically, the Court of Exchequer handled revenue disputes.

The term appears in formal contexts about UK government finance: The Exchequer reported a budget surplus. (Lowercase exchequer is any treasury or one's personal funds.)

treasury

coffers

Funds or treasury

red box · paymaster · comptroller · royal treasury · national debt · government bonds · sinking fund

revenue

taxation

Compulsory government revenue collection

  • receiptsTransaction documentation
  • incomeRegular monetary receipts
  • customsTraditional practices or import taxes

duties · levies · tariffs · excise · imposts · tolls · proceeds · collection · assessment · yield

accounts

audit

Formal accounts examination

tally · reckoning · balance · scrutiny · inspection · verification · compliance · oversight · accountability · standards

fiscal

budget

Plan for spending

appropriation · disbursement · public spending · fiscal policy · allocation · borrowing · supply · ways and means · estimates · appropriations

historical

barons

Titled nobles, lowest rank

remembrancer · sheriff · shire · feudal · fines · judicial · equity · common law · pleas

Opposites
public vs private finance

Exchequerprivate bank

Exclusive wealth management institution

commercial bank · private wealth · merchant bank · private equity · hedge fund

revenue collection vs expenditure/debt

Exchequernational debt

Government's accumulated borrowing

public debt · government spending · fiscal deficit · deficit spending · sovereign debt

revenue collection vs expenditure

Exchequerpublic spending

Government allocation of funds

government expenditure · disbursement · outlay · appropriations · welfare state

Family

check, cheque

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