Set of financial resources of the State Administration, whether in the form of money, securities, or credits obtained through both budgetary and extrabudgetary operations. The public administration constitutes the set of organs and people that are responsible for managing public interests in a state, maintaining order, protecting the normal exercise of rights, facilitating social coexistence, and ensuring the conservation and development of all factors that serve the general interest. The Public Treasury is, in a way, the State’s cashier, a function that in Spain is delegated to the Bank of Spain. The functions of the Bank of Spain include putting legal tender into circulation, inspecting and creating regulations for credit institutions, controlling exchange control legislation regarding financial operations, and maintaining the country’s foreign reserves. It is led by a governor and an executive council. Currently, it must coordinate with the European Central Bank (ECB), responsible for the monetary policy and price stability of the euro area, as well as the regulator and supervisor of financial entities with assets exceeding 30,000 million euros. The function of the public treasury includes proposing and implementing the general guidelines and measures of the government’s economic policy and, in particular, the policy of public finance.
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