Ministry of Economics and Finance (France) Facts for Kids

Quick facts for kids Minister of Economics, Finance and Industrial and Digital Sovereignty

Incumbent Éric Lombard since 23 December 2024
Style	Monsieur le ministre
Member of	Council of Ministers
Reports to	President of the Republic and to Parliament
Seat	Ministry of the Economy and Finance building Bercy, Paris
Appointer	President of the Republic
Term length	No fixed term Remains in office while commanding the confidence of the National Assembly and the President of the Republic
Constituting instrument	Constitution of 4 October 1958
Precursor	The title of "Minister of Finance" has existed since 1518 in the Ancien Régime
Formation	23 July 1958
First holder	Antoine Pinay
Salary	€9,940 per month

The Ministry of Economics, Finance and Industrial and Digital Sovereignty (French: Ministère de l'Économie, des Finances et de la Souveraineté industrielle et numérique, pronounced [ministɛʁ d(ə) lekɔnɔmi e definɑ̃s]), informally referred to as Bercy, is one of the most important ministries in the Government of France. Its minister is one of the most prominent cabinet members after the prime minister. The name of the ministry has changed over time; it has included the terms "economics", "industry", "finance" and "employment" throughout its history.

Responsibilities
Location
Organisation
See also

Responsibilities

The Minister of Economics and Finance oversees:

the drafting of laws on taxation by exercising direct authority over the Tax Policy Board (Direction de la législation fiscale) of the General Directorate of Public Finances (Direction générale des Finances publiques), formerly the Department of Revenue (Direction générale des impôts);
national funds and financial and economic system, especially with the Office of the Treasurer and Receiver General (Direction générale du Trésor or French Treasury), not to be confused with the Public Treasury (Trésor public), that is the Office of the Comptroller-General (Direction générale de la comptabilité publique) under the authority of the Minister of Public Action and Accounts);
the development, regulation and control of economics including industry, tourism, small business, competition, and consumer security, and other matters excluding energy, industrial security, environmental affairs and transportations which are under the authority of the Ministry of Ecology;
employment policies and career education.

The officeholder, who has authority on the financial assets of the state, the financial and economic national system and the taxation rules overall, also represents France in the Economic and Financial Affairs Council (ECOFIN).

Location

Seat of the Ministry of Economics and Finance at Bercy

The Ministry of Economics and Finance is situated in Bercy, in the 12th arrondissement of Paris. The building it shares with the Ministry of Public Action and Accounts extends to the Seine, where there is an embarcadero with fast river boats for faster liaisons to other government agencies. It is also served by Paris Métro lines 6 and 14 at Bercy station.

The 5-hectare complex is made of five buildings: Sully and Turgot buildings (both occupied by the Directorate-General of the Taxes), the Necker building (along the railways), the Vauban building, and the Colbert building (housing the Ministries). The Colbert building contains two 70-meter long arches weighting 8000 tons each (weight of the Eiffel Tower). It is the only administrative building in Paris to have been built at a perpendicular angle against the Seine, and the only one that has part of its foundations in the Seine's water.

The saying "the Bercy Fortress" (French: la forteresse de Bercy) refers to the ministry as a dark department with obscure civil servants, especially of high rank. This is emphasised by the impressive look of the building.

During the Grands Projets of François Mitterrand, it was decided that the Ministry of Finance would leave the Louvre's Richelieu wing where it had been located for 110 years. Forty other offices of the Ministry spread around the capital would be reunited in the new building.

After an architectural contest, Paul Chemetov and Borja Huidobro were selected in December 1982 to design the Colbert, Necker and Vauban buildings. Louis Arretche and Roman Karasinski were selected in July 1983 to design the Tugot and Sully buildings.

Construction started in 1984. In 1989, the Ministry's employees left the Louvre to move into the new building. Pierre Bérégovoy was the first finance minister to work in the new building.

Organisation

Bruno Le Maire has been Minister of Economics and Finance since 2017. In the government of Prime Minister Jean Castex, he is assisted by three junior ministers: Olivier Dussopt as Minister for Public Accounts, Agnès Pannier-Runacher as Minister for Industry and Jean-Baptiste Lemoyne as Minister for Small and Medium-Sized Enterprises.

Ministry of Economics and Finance (France) facts for kids

Contents

Responsibilities

Location

Organisation

See also