Ministry of Economics and Finance (France) explained

Post:Minister of Economics, Finance and Industrial and Digital Sovereignty
Native Name:French: Ministère de l'Économie, des Finances et de la Souveraineté industrielle et numérique
Insignia:Ministère de l’Économie des Finances et de la Souveraineté industrielle et numérique.svg
Incumbent:Bruno Le Maire
Incumbentsince:17 May 2017
Style:Monsieur le ministre
Member Of:Council of Ministers
Reports To:President of the Republic
and to Parliament
Seat:Ministry of the Economy and Finance building
Bercy, Paris
Appointer:President of the Republic
Termlength:No fixed term
Termlength Qualified:Remains in office while commanding the confidence of the National Assembly and the President of the Republic
Precursor:The title of "Minister of Finance" has existed since 1518 in the Ancien Régime
Formation:23 July 1958
First:Antoine Pinay
Salary:€9,940 per month

48.8392°N 2.3758°WThe Ministry of Economics, Finance and Industrial and Digital Sovereignty (French: Ministère de l'Économie, des Finances et de la Souveraineté industrielle et numérique, pronounced in French pronounced as /ministɛʁ d(ə) lekɔnɔmi e definɑ̃s/), informally referred to as Bercy, is one of the most important ministries in the Government of France. Its minister is one of the most prominent cabinet members after the prime minister.[1] The name of the ministry has changed over time; it has included the terms "economics", "industry", "finance" and "employment" throughout its history.

Responsibilities

The Minister of Economics and Finance oversees:[2]

The officeholder, who has authority on the financial assets of the state, the financial and economic national system and the taxation rules overall, also represents France in the Economic and Financial Affairs Council (ECOFIN).

Location

The Ministry of Economics and Finance is situated in Bercy, in the 12th arrondissement of Paris. The building it shares with the Ministry of Public Action and Accounts extends to the Seine, where there is an embarcadero with fast river boats for faster liaisons to other government agencies. It is also served by Paris Métro lines 6 and 14 at Bercy station.

The 5-hectare complex is made of five buildings: Sully and Turgot buildings (both occupied by the Directorate-General of the Taxes), the Necker building (along the railways), the Vauban building, and the Colbert building (housing the Ministries). The Colbert building contains two 70-meter long arches weighting 8000 tons each (weight of the Eiffel Tower). It is the only administrative building in Paris to have been built at a perpendicular angle against the Seine, and the only one that has part of its foundations in the Seine's water.[3]

The saying "the Bercy Fortress" (French: la forteresse de Bercy) refers to the ministry as a dark department with obscure civil servants, especially of high rank. This is emphasised by the impressive look of the building.

During the Grands Projets of François Mitterrand, it was decided that the Ministry of Finance would leave the Louvre's Richelieu wing where it had been located for 110 years. Forty other offices of the Ministry spread around the capital would be reunited in the new building.[4]

After an architectural contest, Paul Chemetov and Borja Huidobro were selected in December 1982 to design the buildings. Colbert, Necker and Vauban, and Louis Arretche and Roman Karasinski were selected in July 1983 to design the Tugot and Sully buildings.

Construction started in 1984. In 1989, the Ministry's employees left the Louvre to move into the new building.[5] Pierre Bérégovoy was the first finance minister to work in the new building.[6]

Organisation

Bruno Le Maire has been Minister of Economics and Finance since 2017. In the government of Prime Minister Jean Castex, he is assisted by three junior ministers: Olivier Dussopt as Minister for Public Accounts, Agnès Pannier-Runacher as Minister for Industry and Jean-Baptiste Lemoyne as Minister for Small and Medium-Sized Enterprises.

See also

External links

Notes and References

  1. (French) Le ministère de l'Économie, des Finances et de la Relance, gouvernement.fr.
  2. (French) Information on the Vie Publique database
  3. Web site: Le Ministère de l'Économie, des Finances et de l'Industrie, architecture . 2024-01-11 . evous.fr . fr.
  4. Web site: History of Bercy . 5 January 2024 . Economie.gouv.fr.
  5. Web site: 2019 . Il y a 30 ans, le ministère des Finances s'installait à Bercy.... . 5 January 2024 . Economie.gouv.fr . fr.
  6. Web site: Bercy avant Bercy . 11 January 2024 . Economie.gouv.fr . fr.