Until the 2012 reform, the Treasury was headed each département
by the Treasurer-Paymaster General (Trésorier-Payeur Général
), a high-ranking official. In Paris
, the function used to be divided into the Paymaster General of the Treasury (Payeur Général du Trésor
), and the Receiver General of the Finances (Receveur Général des Finances
). Each région
had its own Treasurer-Paymaster General, the one for the département
of the région préfecture
. However, following the 2012 reform,
the system has been greatly simplified, and relevant administrations for taxes (Direction générale des impôts
) and public accounts (Direction générale de la comptabilité publique
) were merged into the general directorate of public finances (Direction générale de finances publiques
). During this process, redundant fiscal and financial functions were consolidated into a single departamental or regional director for public finances (Directeur département ou régional des finances publiques).
The Trésor public is different from the Directorate of the Treasury (or French Treasury, or Treasury Department), which is the administration in charge of French State's debt and cash management (through the Agence France Trésor
), and contributes to financial sector and economy financing regulation, economic policy and international economic and financial negotiations.