The Court of Auditors has ordered the Caisse des dépôts (CDC) to continue its efforts, in particular concerning “staff costs” and the profit-sharing scheme, in an interim measure made public on Wednesday.
Efforts have been made, but progress remains to be made to achieve real control of the Fund’s budget, which has further increased by 3% per year since 2015, estimates the Court of Auditors, which had drawn up a severe finding in 2016.
At the time, she pointed out that operating expenses had increased by 23% between 2007 and 2015.
Welcoming today better governance of the Caisse des Dpts, with a Supervisory Commission responsible for adopting the budget, and no longer issuing a simple opinion as before, it nevertheless recommends a clarification of the financial documents submitted for the approval of this commission, and asks that the institution complete the harmonization of financial documents.
On staff costs, which represented 60% of the budget in 2020, the Court notes that while certain irregularities have been resolved (…) other recommendations of the Court have, however, only been partially implemented. .
In 2016, the Court of Auditors recommended stabilizing the share of the budget allocated to profit-sharing.
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However, this rate continued to grow to reach 7.2% in 2020. This phenomenon was further amplified by so-called exceptional increases of 0.5% linked to the health crisis in 2020 and 2021, underlines the published rfr.