Home News Welsh Blogs Wales - World Nation

 

WALES'S MINISTRY OF FINANCE

Posted by Jeff Rees on October 11, 2007 5:43 PM | 

PLEASE NOTE THE POPULATION OF SLOVENIA IS 2 MILLION PEOPLE, SMALLER THAN THE POPULATION OF WALES WHICH IS 3 MILLION PEOPLE. SLOVENIA WILL HOLD THE PRESIDENCY OF THE EU NEXT YEAR.

The Ministry of Finance manages the budget and state finances, monetary funds and national debts, and has a regulatory role in the domain of the financial system. In accordance with the Organisation and Competence of Ministries Act, it is charged with tasks in the following areas: the monetary, banking and foreign exchange systems; financial relationships with foreign countries; the system of taxes, contributions, duties, customs-duties and other types of public income; the systems of insurance, securities, funds and other financial organisations; the system of gaming activities; the public expenditure system and the budget, including public procurement and the system of accountancy, auditing and financial operation, as well as joint tasks of the country's administrative bodies and governmental services in conducting financial and accountancy services.
The Budget by institutional classification is here.

Smaller than Wales, Slovenia can afford it's own:

Ministry of Defence with a budget of approx 350 million GBP
Ministry of Foreign Affairs with a budget of approx 50 million GBP
Ministry of Justice with a budget of approx 30 million GBP

The British have never disclosed how much Welsh taxpayers money they take to finance these non devolved functions. Is the Welsh taxpayer getting value for money from the British? Countries smaller than Wales prefer to take care of these matters for themselves with accountable transparent and efficient use of their taxpayers money. So should Wales.


 

Comments (0)

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

Search this blog

April 2008
Sun Mon Tue Wed Thu Fri Sat
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30      
 

Older posts are in the Archives