Law No. (2) of 2015 on the State's Financial System

The State enacted Law No. (2) of 2015, published in the Executive Gazette on 14 January 2015 (Issue 7), to establish and regulate the State's Financial System. The legislation defines the system’s core components, assigns oversight responsibilities to designated authorities, and mandates compliance for all state financial operations. It further outlines reporting obligations, governance structures, and enforcement mechanisms to ensure fiscal transparency and stability.

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