- published: 04 Feb 2016
- views: 1981
The finance minister is an executive or cabinet position in a government.
A minister of finance (also called financial affairs, the treasury, the economy, or economic affairs) has many different jobs in a government. The minister forms the government budget, stimulate the economy, and control finances. Finance ministers are often found in state or provincial governments if that country has a form of federalism. Although in many cases, especially the Anglo-American world, the posts are merged,[citation needed] the Finance and Economy are separate ministries across most of the globe. Economic affairs are usually handle a ministry or department of commerce.[clarification needed]
The powers of a finance minister vary between governments. Sometimes the finance minister is the most powerful cabinet post, like in Canada or New Zealand. In Australia, the finance minister is junior to the Treasurer - the Treasurer is responsible for economic matters and is assisted by the Minister for Finance and Deregulation (formerly Finance and Administration) who heads a separate department. Other times they are unpopular posts if they must raise taxes or cut spending.
William Henry "Bill" Gates III (born October 28, 1955 in Seattle, Washington) is an American business magnate, computer programmer and philanthropist. Gates is the former chief executive officer (CEO) and current chairman of Microsoft, the world’s largest personal-computer software company he co-founded with Paul Allen. He is consistently ranked among the world's wealthiest people and was the wealthiest overall from 1995 to 2009, excluding 2008, when he was ranked third; in 2011 he was the wealthiest American and the second wealthiest person. During his career at Microsoft, Gates held the positions of CEO and chief software architect, and remains the largest individual shareholder, with 6.4 percent of the common stock. He has also authored or co-authored several books.
Gates is one of the best-known entrepreneurs of the personal computer revolution. Gates has been criticized for his business tactics, which have been considered anti-competitive, an opinion which has in some cases been upheld by the courts. In the later stages of his career, Gates has pursued a number of philanthropic endeavors, donating large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, established in 2000.
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