Budget Of France
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Budget Of France
The budget of France, setting revenues and spending levels is set after approval of the national assembly and the senate. The Constitution of France, French Constitution provides for a maximum of 70 days between the budget being proposed to parliament and it being approved. Article 40 of the Constitution stops the National Assembly (France), National Assembly and Senate (France), Senate from making any amendments to the total spending and revenue amounts proposed by the government. Once approved by parliament, the government may make adjustments of up to 2% to the budget without having to seek further parliamentary approval. In 2011, the government introduced a bill to amend article 34 of the Constitution to ensure a balanced budget. The French budget concerns only spending and revenue by central government. It thus excludes the Social Security budget and regional and local authorities budgets. Public spending in 2013 See also * Decentralisation in France * Taxation in France ...
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Constitution Of France
The current Constitution of France was adopted on 4 October 1958. It is typically called the Constitution of the Fifth Republic , and it replaced the Constitution of the Fourth Republic of 1946 with the exception of the preamble per a Constitutional Council decision in July 1971. The current Constitution regards the separation of church and state, democracy, social welfare, and indivisibility as core principles of the French state. Charles de Gaulle was the main driving force in introducing the new constitution and inaugurating the Fifth Republic, while the text was drafted by Michel Debré. Since then, the constitution has been amended twenty-four times, through 2008. Provisions Preamble The preamble of the constitution recalls the ''Declaration of the Rights of Man and of the Citizen'' from 1789 and establishes France as a secular and democratic country, deriving its sovereignty from the people. Government institutions and practices The French Constitution establi ...
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National Assembly (France)
The National Assembly (french: link=no, italics=set, Assemblée nationale; ) is the lower house of the bicameral French Parliament under the Fifth Republic, the upper house being the Senate (). The National Assembly's legislators are known as (), meaning "delegate" or "envoy" in English; etymologically, it is a cognate of the English word ''deputy'', which is the standard term for legislators in many parliamentary systems). There are 577 , each elected by a single-member constituency (at least one per department) through a two-round system; thus, 289 seats are required for a majority. The president of the National Assembly, Yaël Braun-Pivet, presides over the body. The officeholder is usually a member of the largest party represented, assisted by vice presidents from across the represented political spectrum. The National Assembly's term is five years; however, the President of France may dissolve the Assembly, thereby calling for new elections, unless it has been dissolv ...
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Senate (France)
The Senate (french: Sénat, ) is the upper house of the French Parliament, with the lower house being the National Assembly, the two houses constituting the legislature of France. The French Senate is made up of 348 senators (''sénateurs'' and ''sénatrices'') elected by part of the country's local councillors (in indirect elections), as well as by representatives of French citizens living abroad. Senators have six-year terms, with half of the seats up for election every three years. The Senate enjoys less prominence than the first, or lower house, the National Assembly, which is elected on direct universal ballot and upon the majority of which the Government has to rely: in case of disagreement, the Assembly can in many cases have the last word, although the Senate keeps a role in some key procedures, such as constitutional amendments and most importantly legislation about itself. Bicameralism was first introduced in France in 1795; as in many countries, it assigned the ...
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Decentralisation In France
In France, the policy of decentralisation was initiated by acts of the French parliament known as Gaston Defferre Laws in 1982. Prior to the new laws French municipalities and departments enjoyed a limited autonomy under laws passed in 1871 and 1884. Decentralisation in France can be divided into three categories: institutional, territorial and functional decentralisation. Institutional decentralisation This is the process of transferring power to newly created institutions and is different from the act of deconcentration of power, which is the transfer of power within the same institution. This decentralisation is general in nature and affects all policies or powers related to the territory or targeted to specific areas of public policy and government. A further manifestation of this category is the decentralisation of the Banque de France and other public bodies (french: Groupement d'intérêt public). Territorial decentralisation This aspect of decentralisation is geared t ...
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Government Of France
The Government of France ( French: ''Gouvernement français''), officially the Government of the French Republic (''Gouvernement de la République française'' ), exercises executive power in France. It is composed of the Prime Minister, who is the head of government, as well as both senior and junior ministers. The Council of Ministers, the main executive organ of the Government, was established in the Constitution in 1958. Its members meet weekly at the Élysée Palace in Paris. The meetings are presided over by the President of France, the head of state, although the officeholder is not a member of the Government. The Government's most senior ministers are titled as ministers of state (''ministres d'État''), followed in protocol order by ministers (''ministres''), ministers delegate (''ministres délégués''), whereas junior ministers are titled as secretaries of state (''secrétaires d'État''). All members of the Government, who are appointed by the President following ...
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Finance In France
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of Production (economics), production, Distribution (economics), distribution, and Consumption (economics), consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in Financial system, financial systems at various scopes, thus the field can be roughly divided into Personal finance, personal, Corporate finance, corporate, and public finance. In a financial system, assets are bought, sold, or traded as Financial instrument, financial instruments, such as Currency, currencies, Loan, loans, Bond (finance), bonds, Share (finance), shares, Stock, stocks, Option (finance), options, Futures contract, futures, etc. Assets can also be Bank, banked, Investment, invested, and Insurance, insured to maximize value and minimize loss. In practice, Financial risk, risks are alway ...
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