The CNFP - as an independent institution under the 12 July 2014 law - recently adopted its latest "Assessment of Public Finances". This assessment is based on the so-called "Stability and Growth Programme 2018-2022" presented by the Government in late April and sent to the European Commission on 25 April.
By Grand Ducal Decrees (9 January 2019 and 1st March 2019), the CNFP has been constituted.
In accordance with the provisions of the 12 July 2014 law, the CNFP has assessed compliance with the structural balance rule on the basis of the figures transmitted to the European Commission (Eurostat) in the so-called “EDP notifications”.
In accordance with the tasks conferred to it under article 8, point b), of the law of 12 July 2014 on the coordination and governance of public finances, as amended (law of 12 July 2014, as amended), the National Council of Public Finance (CNFP) presents its assessment of the accuracy of forecast of macroeconomic and budgetary data.
Find out more about the tasks, functioning and work programme of the National Council of Public Finance.
The CNFP is an independent body monitoring fiscal rules as well assessing macroeconomic and budgetary forecasts.
Feel free to contact us to find out more about the CNFP.