Compte Rendu

The Compte Rendu was a document published in February 1781 by Comptroller-General Jacques Necker. It outlined, for the first time, the state of French finances, thus creating a sense of financial accountability for the government.

However, the Compte Rendu omitted all mention of the so-called ‘extraordinary’ accounts, which included France’s expenditure in the American War of Independence and had amounted to more than 107 million livres itself. The Compte Rendu therefore hid the nation’s burgeoning deficit and helped to continue capital inflow, as it depicted French finances to be in good and stable order, albeit untruthfully.

See Also

Jacques-Louis Necker