Public Treasury

The Public Treasury is a major agency for the proper functioning of the government since it is in charge of its purse. It must indeed collect money from taxes and other sources of government financing to put it in the central government account. It is then move them to the different departments of the executive or other organizations after the approval of the federal budget by the Parliament of the Republic.

Structure

Leadership

At the head of the bank is the Director of the Treasury who is appointed by the Secretary of Finance and oversees the entire organization as well as appointing the various subordinates who are hierarchically below this one like the Deputy Director of Treasury. He is the one who acts as a link between the executive and his organization and often informs the latter whether his requests for the budget are achievable or not.

Mandate

More broadly the Public Treasury must create for the government, in cooperation with other agencies, organizations or departments concerned, the State budget on an annual basis, it will be considered effective after it is voted by Parliament of the Republic. He must transfer following this the amounts from sources of state funding along with Central Bank money to departments as well as lower levels.

This one also approve or refuse a possible budgetary extension coming from federal government bodies or donation of funds to other levels of government. It finally has an advisory role for the government's budgetary actions as well as supervision to check whether everything is spent as planned and that abuses are not committed. It must refer any such cases to the relevant agency for their handling and those responsible to be punished.

Public Agenda

This organisation is in charge of managing the public treasury of the Republic and it must distribute the money to all agencies, public companies or ministries of the federal government. It must also redistribute tax money to the federal government of the income declaration which makes it possible to determine the income of each person. It is however often supplemented with data possessed by the government if there is fraud or false declarations.

Assets

The Public Treasury concentrates its activities almost exclusively in Paris where it is headquartered unlike many other agencies in the federal government. In fact, these activities alone are linked to the budget of the federal government, which therefore does not require a presence throughout the territory.
Founding Date
2200
Type
Government, Secret Service
Parent Organization

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