On Friday 13 September 2024, Luxembourg's Ministry of Finance announced that there would be more transparency for state holdings; the State Treasury has put online a new graphic visualisation tool for state holdings which they describe as interactive, intuitive and easy-to-use as it becomes more readable and more accessible for citizens.
The Minister of Finance, Gilles Roth, commented: "This new tool significantly improves the transparency of the portfolio of State holdings, to better inform the public and strengthen citizens' confidence. It is a good illustration of the increased digitalisation of our administrations."
The new tool is grafted onto the register of holdings that the Treasury keeps in application of the law of 8 June 1999 on the budget, accounting and treasury of the State. In total, it lists more than 140 entities in which the Luxembourg State holds an interest. The list includes not only private companies, but also public institutions, foundations, economic interest groups, as well as international financial institutions.
Treasury Director Bob Kieffer explained: "The information made available to the public is managed through a new integrated IT solution. The underlying digital transformation allows the Treasury to better meet the needs of its users and at the same time increase the efficiency of its internal processes."
The project combined agility and digital innovation thanks to the collaboration of the Treasury teams and the State Information Technology Center (CTIE) - the State's IT service provider - with a partner identified and chosen via a call for solutions from the GovTech Lab. The GovTech Lab is a joint initiative of the Ministry of Digitalization and the CTIE to promote technological innovation within the State.
For details, see https://tresorerie.public.lu/fr/participations/tsvdr.html
