Meaning of the word exchequer in English

What does exchequer mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

exchequer

US /ɪksˈtʃek.ɚ/
UK /ɪksˈtʃek.ər/

Noun

1.

a royal or national treasury

Example:
The government announced new measures to boost the national exchequer.
Funds from the sale will go directly into the public exchequer.
2.

(in the UK) the government department in charge of national revenue and expenditure

Example:
The Chancellor of the Exchequer presented the annual budget.
Decisions made by the Exchequer have a significant impact on the economy.