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Ministry of the Economy and Finance (France)

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Minister for the Economy and Finance
Ministre de l'Economie et des Finances
Informal meeting of economic and financial affairs ministers (ECOFIN). Handshake, Eurogroup Toomas Tõniste and Bruno Le Maire (36840346850) (cropped).jpg
Incumbent
Bruno Le Maire

since 17 May 2017
StyleMister the Minister
Member ofCabinet
Council of State
Reports toPresident of the Republic
and to Parliament
ResidenceBercy
SeatParis, France
AppointerPresident of the Republic
Term lengthNo fixed term
Remains in office while commanding the confidence of the National Assembly and the President of the Republic
Constituting instrumentConstitution of 4 October 1958
PrecursorWe estimate that the "Minister of Finance" exists since 1518 in the Ancien Régime
Formation23 July 1958
First holderAntoine Pinay
Salary€9,940 per month
Websitewww.economie.gouv.fr
Minister for the Action and the Public Account
Ministre de l'Action et des comptes publics
Gérald DARMANIN.jpg
Incumbent
Gérald Darmanin

since 17 May 2017
StyleMister the Minister
Member ofCabinet
Council of State
Reports toPresident of the Republic
and to Parliament
ResidenceBercy
SeatParis, France
AppointerPresident of the Republic
Term lengthNo fixed term
Remains in office while commanding the confidence of the National Assembly and the President of the Republic
Constituting instrumentConstitution of 4 October 1958
PrecursorWe estimate that the "Minister of Finance" exists since 1518 in the Ancien Régime
Formation23 July 1958
First holderAntoine Pinay
Salary9,940 per month
Websitewww.economie.gouv.fr
This article is part of a series on the
Politics of
France
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Coordinates: 48°50′21″N 2°22′33″E / 48.83917°N 2.37583°E / 48.83917; 2.37583

The seat of the Ministry of Finance at Bercy in Paris

The Ministry for the Economy and Finance (French: Ministère de l'Économie et des Finances, [ministɛʁ dᵊ lekɔnɔmi e defiˈnɑ̃s]), called the Finance Ministry for short and 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. Another minister, who helps the Minister of the Economy, is a part of the Ministry, it is the Minister of the Public Account. it is not mandatory that there is a Minister of Public Accounts but this position has always been assured.

The exact name of the ministry has changed over time, and has included the terms "economy", "industry", "finances", or "employment" through history.

Responsibilities[edit]

The Minister of Finance oversees:

  • the drafting of laws on taxation by exercising direct authority over the Tax Policy Board (Direction de la législation fiscale) of the Departement of Public Finances (fr:Direction générale des Finances publiques), formerly the Department of Revenue (fr:Direction générale des impôts);
  • national funds and financial and economic system, especially with the Office of the Treasurer and Receiver General (Direction générale du Trésor et de la politique économique), not to be confused with the Public Treasury (Trésor Public), that is the Office of the Comptroller-General (Direction générale de la comptabilité publique) under the authority of the Minister of Budget);
  • the development, regulation and control of economy including industry, tourism, small business, competition, and consumer security, and other matters excluding energy, industrial security, environmental affairs and transportations which are under the authority of the Ministre d’Etat, Ministry of Ecology, Sustainable Development and Energy;
  • employment policies and career education.

By her authority above the financial assets of the State, the financial and economic national system and the taxation rules, the Minister is allowed to represent France in the European Union council of the minister of the Economy and Finance (ECOFIN).

The Junior Minister for the Budget at the Ministry of the Economy, Finance, and External Trade[edit]

The Minister for the Budget, Public Accounts, the Civil Service and State Reform supervises:

See: https://web.archive.org/web/20100712035129/http://www.budget.gouv.fr/

The French taxation system is supervised by two separate board:

The taxation information system are being modernised by the so-called Copernic tax project.

By delegation of the Prime Minister, he supervises also the Public Services (essentially statutes and salaries of the State, local and hospital Public Services) and the modernisation of the State (including computing means).

He is responsible with their colleagues for Health, Youth and Sport and for Labour, Labour Relations and Solidarity of the equilibrium of social accounts.

See: https://web.archive.org/web/20070929104359/http://www.minefi.gouv.fr/directions_services/sircom/ministere/organigramme_mbcpfp.htm

Location[edit]

The Ministry of Finance is situated in Bercy, in the 12th arrondissement of Paris. The building extends to the Seine River, where there is an embarcadero with fast river boats for faster liaisons to other government agencies.

That is why the French media often refer to it as simply "Bercy". The sentence the Bercy Fortress (la forteresse de Bercy) refers to the Ministry as a dark department with obtuse civil servants, especially of high rank. That is emphasized by the impressive look of the building.

For evident practical reasons, the two ministers share the building and some common services that were under the former ministry of Economy, Finances and Industry.

See also[edit]

External links[edit]