Graduate Development Program - About the Organization

The Ministry of Finance is the primary corporate and personal property registrar, government's banker and money manager, government's chief accountant, government's fiscal and economic policy maker and budget and expenditure arm, and regulator of B.C. trust companies, credit unions and insurance companies.

Treasury Board Staff supports the Treasury Board and the Minister of Finance by

  • Acting as a secretariat for Treasury Board;

  • Preparing the government’s annual Budget and Three-Year Fiscal Plan, Estimates, economic forecasts, and Quarterly Reports/forecasts and the Budget Consultation document;

  • Reviewing and analyzing ministry and agency submissions, providing recommendations and preparing Treasury Board minutes for Cabinet endorsement;

  • Managing the budget development process;

  • Monitoring and forecasting government revenue, expenditures, capital and debt, and risks and opportunities related to the three-year fiscal plan;

  • Formulating and implementing corrective measures to keep government’s fiscal plan on track through the year;

  • Coordinating/managing Treasury Board meetings throughout the year; and

  • Establishing government management policy in accordance with the Board’s overall direction and philosophy (i.e. – Treasury Board Directives).

Treasury Board Staff has four branches:

  • Assistant Deputy Minister's Office
  • Performance Budgeting Office - Economic & Resource Development Branch and Social Policy Branch
  • Economic Forecasting and Analysis Branch
  • Fiscal Planning and Estimates Branch

Responsibilities, Powers, Functions and Duties of Treasury Board

Treasury Board is a Cabinet committee responsible for:

  • Working with ministries, Crown corporations and agencies, and "SUCH" organizations to prepare the province’s three-year fiscal plan;

  • Monitoring the risks and opportunities affecting the fiscal plan;

  • The allocation of financial resources to government programs;

  • Organizational structures of ministries;

  • Personnel management; and

  • Management practices of government.

Treasury Board’s duties are established in section 4 of the Financial Administration Act, which authorizes Treasury Board to make decisions regarding:

  • Government accounting policies and practices;

  • Management practices and systems;

  • Financial management and control;

  • Evaluation of government programs as to economy, efficiency and effectiveness;

  • Government personnel management; and

  • Other matters referred to it by the Executive Council (Cabinet).

Treasury Board may also make regulations or issue directives to control or limit expenditures or set conditions for any expenditures.

Although Treasury Board is assigned specific responsibility under the Financial Administration Act, it is the primary responsibility of each minister under the general direction of Treasury Board and the Minister of Finance to ensure the financial affairs of their ministry are properly administered. In addition, ministers may be designated as being responsible for one or more Crown corporations whose financial affairs may be subject to Treasury Board regulations, directives and policies, and whose boards of directors are accountable for ensuring that appropriate financial administration is in place. The chair of Treasury Board is the Minister of Finance.