French Ministry of Finance and Public Accounts
Overview
The French Ministry of Finance and Public Accounts (French: Ministère de l'Économie et des Finances) is a government agency in France responsible for managing the country's finances and public accounts. It is one of the oldest ministries in the French government, with its origins dating back to the 16th century. The ministry is currently headquartered in the Bercy neighborhood of Paris.
History
The Ministry of Finance and Public Accounts was first established in 1561 during the reign of King Charles IX. Over the centuries, the ministry has undergone various reorganizations and name changes. It was known as the Ministry of Economy, Finance and Industry from 1997 to 2007, and has been known as the Ministry of Economy and Finance since 2007.
Organization
The Ministry of Finance and Public Accounts is organized into several directorates and agencies, each responsible for a specific area of financial management. These include the Directorate General of Public Finance (DGFiP), the Directorate General of Customs and Indirect Taxes (DGDDI), and the Directorate General of the Treasury (DGT).
Directorate General of Public Finance (DGFiP)
The Directorate General of Public Finance (DGFiP) is responsible for the collection of taxes and other revenues, as well as the management of public expenditure. It is also in charge of the financial and accounting management of the state, local authorities and public institutions.
Directorate General of Customs and Indirect Taxes (DGDDI)
The Directorate General of Customs and Indirect Taxes (DGDDI) is responsible for the enforcement of customs laws and the collection of indirect taxes. It also plays a key role in the fight against fraud and counterfeiting.
Directorate General of the Treasury (DGT)
The Directorate General of the Treasury (DGT) is responsible for economic policy, financial and monetary affairs, and international financial relations. It also oversees the management of the state's cash and debt.
Functions
The Ministry of Finance and Public Accounts is responsible for the formulation and implementation of the country's financial and economic policies. This includes the preparation of the annual budget, the management of public finances, the regulation of financial markets, and the supervision of the banking and insurance sectors.
Minister of Finance and Public Accounts
The Minister of Finance and Public Accounts is appointed by the President of the French Republic on the recommendation of the Prime Minister. The current Minister of Finance and Public Accounts is Bruno Le Maire, who has held the position since 2017.