Rouvier's opposition in his capacity of president of the Budget Commission was one of the causes of the defeat of the Floquet cabinet in February 1889.
At the head of the financial organization of France, and exercising a general jurisdiction, is the minister of finance, who co-ordinates in one general budget the separate budgets prepared by his colleagues and assigns to each ministerial department the sums necessary for its expenses.
The financial year in France begins on the 1st of January, and the budget of each financial year must be laid on the table Budget of the Chamber of Deputies in the course of the ordinary session of the preceding year in time for the discussion upon it to begin in October and be concluded before the 31st of December.
The first year of office passed off successfully, and it was owing to the steady support of the prime minister that Gladstone's great budget of 1853 was accepted by the cabinet.
Finally, at the outbreak of the Crimean War Turkey was assisted by her allies to raise a loan of £3,000,000 in London, guaranteed by Great Britain and France; in 1855 an organic law was issued regulating the budget, and in the same year a second guaranteed loan of £5,000,000 was contracted in Great Britain.