# Jacques Necker

jacques necker (IPA: [ʒak nɛkɛʁ]; 30 September 1732 – 9 April 1804) was a Genevan banker who became a finance minister for Louis XVI and a French statesman. Necker played a key role in French history before and during the first period of the French Revolution.Necker held the finance post between 1777 and 1781 and "is remembered today for taking the unprecedented step in 1781 of making public the country’s budget, a novelty in an absolute monarchy where the state of finances had always been kept a secret." Necker was dismissed within a few months. By 1788 the inexorable compounding of interest on the national debt brought France to a fiscal crisis.