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English definition of “the Exchequer”

the Exchequer

noun (also exchequer)     /ɪksˈtʃekər/ (abbreviation Exch)
GOVERNMENT in Britain and some other countries , the government department that is responsible for the country's finances , including tax levels and how much money the government can spend : Cuts in duty will cost the Exchequer £1.75 billion . The industry claims it contributes to the Irish exchequer because it generates employment and wealth . → See also Chancellor of the Exchequer
(Definition of the Exchequer noun from the Cambridge Business English Dictionary © Cambridge University Press)
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