The Inspectorate General of Finance

The IGF is a senior inspectorate corps for public finance, created by a legislative enactment dated April 14th, 1960 that sets its responsibilities, missions and prerogatives. Responsible to the Ministry of Economy and Finance, the IGF has important prerogatives in the field of control and audit. To this effect, the IGF has the authority to:

  • Carry out audits of cash and accountancy services, cash and assets, public accountants, and generally State executives, local councils, State-owned enterprises and institutions and any State organisation;
  • Control management of public accountants, funds appropriators, controllers and any administrator to ensure regularity, sincerity and materiality of operations written in their accounts;
  • Evaluate the way operations are managed, whether they have achieved their objectives, the means used to reach assigned objectives, product or service costs and their financial and economic effects;
  • Control State-owned institutions and enterprise management;
  • Control the management of timber holding companies or any State or local council providing a public service;
  • Control companies, unions, associations or any enterprise, and generally any person benefiting from a State or local council financial assistance;
  • Audit and issue assessments on projects financed by foreign governments or international or regional financial institutions, within bilateral or multilateral cooperation agreements;
  • Conduct, upon the government’s or Finance Minister’s request an evaluation of public financial or budgetary policies;

164 people make up the IGF staff; 159 are senior finance inspectors. The percentage of female representation among senior finance inspectors is 29%.