Formation December 2012 Chairman Didier Migaud | Region served France Website www.hcfp.fr | |
Purpose 'Independent' analysis of the public finances ahead of the budget Location 13 rue Cambon, 75100 Paris cedex 01 | ||
The High Council of Public Finances (HCFP) is an independent fiscal oversight body created by the Organic Law 2012-1403 in December 2012 by the french government in the framework European Union budgetary coordination. 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 Court of Audit.
Contents
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.
International coordination
The HCFP is a member of the EU Independent Fiscal Institutions Network set up by the EU in September 2015.