Chancellor of the Exchequer of its interest rates. The chancellor also has oversight of public spending across Government departments. The holder of the office of Chancellor of the Exchequer is "ex officio" Second Lord of the Treasury as a member of the commission exercising the ancient office of Lord High Treasurer. As the Second Lord, his official residence is 11 Downing Street in London, next door to the residence of the First Lord of the Treasury (a title that has for many years been held by the prime minister), who resides in 10 Downing Street. While in the past both houses were private residences,
Department of the Treasury (Australia) Department of the Treasury (Australia) The Department of the Treasury (or The Treasury) is the Australian Government department responsible for economic policy, fiscal policy, market regulation, and the Australian federal budget. The Treasury is one of only two government departments that have existed continuously since Federation in 1901, along with the Attorney-General's Department. The head of the department is the Secretary to the Treasury, presently Philip Gaetjens, who reports to the Treasurer of Australia, presently the Hon. Josh Frydenberg and the Minister for Revenue and Financial Services, presently the Hon. Kelly O'Dwyer . The Commonwealth Treasury was established in Melbourne