Recherche

In application of the tasks conferred to it under the 12 July 2014 law on the coordination and governance of public finances (12 July 2014 law), the National Council of Public Finance (CNFP) presents in this document its assessment of the long-term sustainability of public finances in the face of a projected increase in age-related expenditures.

On 9th June 2015, the Chairman of the CNFP, Mr Romain Bausch, presented the first report on public finances to the members of Conseil économique et social (CES). The CES is a national body regrouping representatives from social partners as well as the government in which notably substantive consultations have taken place during the European Semester.

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 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”.

The CNFP joins the newly created Network of EU Independent Fiscal Institutions after signing the Bratislava Accord.

On 14 October 2015, Minister of Finance Pierre Gramegna addressed a letter to the CNFP chair in which he lays out the official position with respect to recommendations made by the CNFP in the context of its first assessment of public finances in June 2015.