03 February 2023
13 Rajab 1444
عربي
Article 2 - (Amended By Decree 19 /1996) Starting Date : 12/11/1996 For the preparation of the general fiscal policy, the following guidelines shall be taken into account: 1) the law shall regulate the basic rules for levying and disbursement procedures of public funds. 2) the Government may not enter into a loan obligation or commit to a project that requires the spending of funds from the state treasury in the year or years to come unless by a law based on the proposal of the Deputy Ruler. Notwithstanding the above, the government may, at its discretion, provide by decree, guarantees, commitments and obligations for the spending of funds from the state treasury in the coming year or years. 3) The law shall specify the rules for granting salaries, bonuses, subsidies, compensation and pensions from the state treasury, including the exceptions thereto, and the authorities responsible for the application thereof. 4) The law shall regulate the rules and procedures of any future concession or obligation granted in the matter of the exploitation of natural resources and public utilities. Such concession or obligation may not be granted, except for a limited and reasonable period of time. 5) The law shall govern conditions for the allocation of state-owned real estate without the payment of consideration, the assigning of movable property thereof and the governing rules and procedures. 6) Subject to the provisions of the Decree issued on 16 Jumada al Awwal 1380 AH corresponding to the 5th of November 1960 on the establishment of the Ministry of Finance, the law shall define the fiscal year, specify in detail the methodology of preparing the state general budget and regulate the implementation control thereof. 7) Whereof the new budget is not approved before the beginning of the fiscal year, the previous budget shall be in effect until the approval of the new budget. 9) Expenditure not provided for, or greater than what is provided for in the budget may not be made, unless approved by the Ruler based on a proposal of the Minister of Finance. 10) The Ruler shall approve the final accounts of the state general budget. 11) The law shall regulate the provisions specific to budgets of other public authorities, and final accounts thereof. 12) The Minister of Finance shall issue the regulations and resolutions necessary to specify the date for submission of the state and other public authorities budget estimates; the dates of completion and review, and rules of allocation of appropriations thereof. The regulations and resolutions shall include precise details defining the methodology of implementing the budget, with respect to collection, deposit and payment from the appropriations, kinds of account to be opened and accounting books to be kept for entry of accounts. Generally, all means necessary for the financial regulation shall be adopted.
Article 2 - (Amended By Decree 19 /1996) Starting Date : 12/11/1996
Last Article Text Starting Date : 01/01/1962 Expiry Date: 12/11/1996
For the preparation of the public fiscal policy, the following guidelines shall be taken into account: 1) the law shall regulate the basic rules for levying and disbursement procedures of public funds. 2) the Government may not enter into a loan obligation or commit to a project that requires the spending of funds from the state treasury in the year or years to come unless by a law based on the proposal of the Deputy Ruler. 3) The law shall specify the rules for granting salaries, bonuses, subsidies, compensation and pensions from the state treasury, including the exceptions thereto, and the authorities responsible for the application thereof. 4) The law shall regulate the rules and procedures of any future concession or obligation granted in the matter of the exploitation of natural resources and public utilities. Such concession or obligation may not be granted, except for a limited and reasonable period of time. 5) The law shall govern conditions for the allocation of state-owned real estate without the payment of consideration, the assigning of movable property thereof and the governing rules and procedures. 6) Subject to the provisions of the Decree issued on 16 Jumada al Awwal 1380 AH corresponding to the 5th of November 1960 on the establishment of the Ministry of Finance, the law shall define the fiscal year, specify in detail the methodology of preparing the state general budget and regulate the implementation control thereof. 7) Whereof the new budget is not approved before the beginning of the fiscal year, the previous budget shall be in effect until the approval of the new budget. 9) Expenditure not provided for, or greater than what is provided for in the budget may not be made, unless approved by the Ruler based on a proposal of the Minister of Finance. 10) The Ruler shall approve the final accounts of the state general budget. 11) The law shall regulate the provisions specific to budgets of other public authorities, and final accounts thereof. 12) The Minister of Finance shall issue the regulations and resolutions necessary to specify the date for submission of the state and other public authorities budget estimates; the dates of completion and review, and rules of allocation of appropriations thereof. The regulations and resolutions shall include precise details defining the methodology of implementing the budget, with respect to collection, deposit and payment from the appropriations, kinds of account to be opened and accounting books to be kept for entry of accounts. Generally, all means necessary for the financial regulation shall be adopted.