LC (loi comptable or "Accounting Law") = Law of 8 June 1999 (and amendments thereof) related to Budget, Public Accounting and State Treasury
IGF-Law = Act of 10 March 1969 establishing the Inspectorate of Finance
Under the provisions of the amended Act of 10 March 1969 establishing the Inspectorate of Finance (hereafter IGF-Law), IGF's duties primarily consist in:
- drafting the pre-project of the law related to the national budget of revenues and expenditures following the guidelines of the Minister with responsibility for national budget and based on the proposals issued by government departments (LC-Art.84)
- issuing notifications regarding projects and plans whose execution is likely to impact the State's finances upon request of the Minister with responsibility for national budget (LC-Art.84)
- supervising the implementation of the annual budget and the aforementioned projects and plans (IGF Act, Art.2)
- sharing its views on the overrun of non-restrictive budget lines (IGF Act, Art.2)
- drafting the financial & budgetary programming schemes and taking part in the working group dedicated to economic and social planning (LC-Art.85)
- making proposals for coordination in order to set up the State's investment programming schemes to be validated by the Council of Ministers and to supervise the implementation of the adopted schemes ; (IGF Act, Art.3)
- investigating any matter submitted by the Council of Ministers or any member of the government (IGF Act, Art.4)
- making any suggestions which could presumably result in savings or in improving the organisation of the Public Administration services in order to ensure the efficient functioning of these services (IGF Act, Art.5)