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Commonwealth Treasury

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Government Bureau F-22012165

The Commonwealth Treasury is part of the Ministry of Commerce.

❊ EFF 01 Jan 01
Registry CMC-05 Reg 05 of 05 ΰΌΆ Est 1921
Headquarters Oslola Treasury Building
Scale 22 offices
41,880 staff
Commonwealth Treasury
Bureau of the Ministry of Commerce
Employees 41,880
Established 1921
Headquarters Treasury Building, Oslola
Service Revenue and Customs Service, Commonwealth Accounts Service

The Commonwealth Treasury, commonly The Treasury, is the national treasury, financial department and monetary authority of Vekllei. The Treasury is ultimately responsible for the Vekllei tax system, government revenue and expenditure, and broad economic planning. The Treasury also maintains the GAIA automatic financial relay computer system, which has been the automatic mechanism for microeconomic policy in Vekllei since 2055.

The Treasury collects the sweep from every firm in the commons at the end of each quarter, and it is the largest source of domestic revenue. The sweep is the remainder of a firm’s accounted surplus once its reinvestment and the municipal and workplace share of 20 per cent have been set aside, so the revenue of the state falls in a bad year and the liquid capital of the firm is protected. The Treasury also pays the equalisation transfer to poorer municipalities once a year. There is no exchange rate between the republics, and regular trade imbalances between them are settled by the transfer instead. It also keeps the account of the commons debt, which is never called in.

Departments of the Treasury inform the monetary policy established by the Commonwealth Bank, and advises money supply and rate adjustments.

The Treasury is led by the Treasurer, a senior civil servant who reports to the First Minister of Commerce. Its departments are mostly autonomous and coordinate through the Department of the Treasury.

Departments 8 departments, 22 offices, 41,880 staff

Department of the Treasury

950

Office of the Treasurer; Treasury policy.

  • Office of the Treasurer

  • General Secretariat

Department of Commonwealth Economics

5,870

Fiscal policy, the national debt and public finance, including the equalisation transfer between republics.

  • Office of General Seizure

  • Office of Fiscal Service

  • Office of National Debt

  • National Finance & Investment Corporation

  • Office of Equalisation

  • Office of Republic Balances

    4 stations

Department of Revenue & Customs

31,740

Collection of the sweep, the export levy and the permit fees; payment of the municipal and workplace shares; government liabilities.

  • General Taxation Inspectorate

    24 stations

  • Office of the Sweep

    5 stations

  • Office of Municipal & Workplace Shares

  • Office of Arrears

  • Office of Government Debt & Liabilities

  • Office of Financial Services

    5 stations

Department of Foreign Accounts & Revenues

1,780

Financial assets, investments and accounts held abroad.

  • Office of the Americas

  • Office of Europe

  • Office of Africa

  • Office of the Orient

  • Special Markets Office

Department of Government Accounts

1,540

The accounts of government expenditure and of the commons debt.

  • Office of Government Expenditure

  • Office of the Commons Debt

  • National Expenditure Research Organisation

Department of Commonwealth Corporations

The finances of the government-owned corporations.

Department of Automatic Systems

Computers used in economic management.

Department of Economic Information

Economic statistics, with the Bureau of Statistics.

Interwork Detachments What is a detachment?
GAIA Systems Interwork Detachment
with Ministry of Industry, Bureau of Automatics
Joint maintenance of the GAIA automatic financial relay system alongside automatics standards bodies
Currency Integrity Detachment
with Parliament of Law, Commonwealth Bank
Interbody investigation of counterfeiting and financial fraud
Constituents 6 bodies
Institute for Economics Research
Research on foreign trade, with the Bureau of Policy Research.
Commonwealth Productivity Commission
Inquiries into productivity in the bureau industries.
Commonwealth Taxation Service
Collection of the sweep and the register of firms liable to it.
Assessment Appeals Board
Review of disputed assessments of accounted surplus.
Equalisation Commission
Annual review of the apportionment of the equalisation transfer, with members appointed by the republic assemblies.
Inter-Republic Clearing House
Clearing of trade between republics and municipal corporations in the industrial crown (✦).