Financial Management Law

January 12, 2019 – Supervisory Committee: Finance Committee

Financial Management Law

First reading Voting: 13/1/2019 In the name of the people Presidency On the basis of what was approved by the House of Representatives and approved by the President of the Republic based on the provisions of Article (1) of Article (61) and Article (III) of Article (73) of the Constitution The following law was issued: No. (2019)

Financial Management Law

Chapter I Definitions Article (1) The following terms for the purposes of this Law shall have the following meanings: The President of the Council of Representatives, the President of the Council of Ministers, the President of the Supreme Judicial Council, the Minister, the head of the non-affiliated body, the Secretary-General of the Council of Ministers, the President of the Territory, the President of the Governorate Council and the Governor of governorates not organized in the Territory.

Second: The federal budget: A financial plan that expresses the plans of the state to carry out programs and projects, including planning tables for estimating revenues and estimating expenditures in both current and investment for one fiscal year set out in the federal budget law. Third: The final account of the state (the federal financial statements): The list of the financial position of the country (assets and liabilities) as at 31 December of each year, and the calculation of the result measurement which includes revenues, expenses and other statements for the year ended…

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