Haut Conseil des finances publiques explained

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]

History

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.

Legal basis

The HCFP operates under the authority granted to it by;

Objective

The HCFP reports of the following variables used by the government when setting the budget;

Members

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.

See also

Notes and References

  1. Web site: Bourgery-Gonse . Théo . France readies for charm offensive as debt levels back on rating agencies' radar . Euractiv . 1 February 2024 . en . 19 October 2023.
  2. News: Le Haut Conseil des finances publiques met en cause la crédibilité et la cohérence des prévisions gouvernementales en matière d'emploi . April 17, 2024 . Alternatives Economiques . The High Council of Public Finances calls into question the credibility and consistency of government forecasts on employment . fr.