The Conseil national des finances publiques (CNFP) or 'National Council of Public Finance' is an independent body created by the law of 12 July 2014 and tasked with monitoring the public finances of Luxembourg.

The CNFP has been set up in the context of a major overhaul of the EU economic and budgetary governance framework, mainly as result of the initiatives known as Six-Pack, Two-Pack and Fiscal Compact.

These reforms require the setting up of independent monitoring bodies at the national level as per article 3 of the Treaty on Stability, Coordination and Governance (TSCG), referred to as 'Fiscal Compact'.

The primary objective of such independent bodies is to contribute to an improved governance of public finances through regular public assessments.

With the entry into force of the law of 12 July 2014, the Luxembourg fiscal framework has been reinforced in order to ensure healthy and sustainable public finances in the longer term, notably through the adherence to fiscal rules that are designed to rein in excessive deficit-making that could lead to negative debt dynamics.

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