High Council for Public Finance | |
Native Name: | Haut Conseil des Finances Publiques |
Native Name Lang: | fr |
Purpose: | Independent analysis of the public finances ahead of the budget |
Location City: | 13 rue Cambon, 75100 Paris |
Location Country: | France |
Region Served: | France |
Leader Title: | Chairman |
Leader Name: | Didier Migaud |
The High Council of Public Finances (HCFP) (French: Haut Conseil des Finances Publiques) is a French independent fiscal oversight body.[1] Its aim is to evaluate the assumptions made by the government in relation to the budgets and to ensure the coherence of public finances with the European budgetary agreements and pacts to which France is party. The HCFP operates under the responsibility of the French Court of Audit.[2]
body created by the Organic Law 2012-1403 in December 2012 by the French government in the framework European Union budgetary coordination. The HCFP is a member of the EU Independent Fiscal Institutions Network set up by the EU in September 2015 for international coordination.
The HCFP operates under the authority granted to it by;
The HCFP reports of the following variables used by the government when setting the budget;
The membership comprises 11 members who are not remunerated. Four members are magistrates of the Court of Auditors, four members are designated by;
One member is designated by the President of the Economics, Social & Environment Council.Members serve a single 5-year term with the exception of Court of Auditor magistrates who may serve a second term.