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What is the Treasury?

The Treasury is a government department that is responsible for the country’s money and finances.

It is led by the Chancellor of the Exchequer.

It controls how much money is spent on things like schools, hospitals, emergency services and housing.

The Chancellor, with the help of the Treasury, draws up the Government’s plan for how it’s going to raise its money for the year and what it’s going to spend it on. This is called the Budget.

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