The DGTF implements a complete financial control and monitoring system, based on three stages: ex ante, in progress and ex post.

Ex-ante control

Before execution:

• examination and opinion on the budgetsof public companies and establishments;
• analysis and validation of investment plans, in conjunction with the BCI;
• evaluation of loanand guaranteeprojects requested by state owned bodies and enterprises ;
• technical opinions on restructuring projects(merger, demerger, transformation, change of status, etc.).

The aim is to ensure that major decisions are financially sustainable , consistent with national prioritiesand in line with the legal framework.

Running Control

During the run:

• monitoring of thebudget executionof companies (revenue, expenditure, cash flow);
• verification of accounts and supporting documentson the basis of documents;
• Monitoring of performance indicators:
• financial (results, debt, solvency, cash flow);
• operational (production, quality of service, deadlines, productivity);
• public service (geographical coverage, access, continuity, security).

This monitoring makes it possible to detectimbalances early and to initiate corrective measures.

Backtesting

After execution:

• analysis of the auditors' reportsand management reports ;
• conducting or supervising performance reviewsandtargeted audits;
• Integration of data into:
• the DGTF'sannual reports;
• the report of the Minister of Finance to Parliament on the situation of state owned bodies and enterprises , annexed to the Finance Act.

This ex-post control makes it possible to draw lessons for the following years , to better calibrate subsidies and allocationsand to feed into strategic decisions(reforms, restructuring, shareholder policy).