Objectives of the unified financial system

This law aims at achieving transparency, accountability and rational management of public funds, by regulating the following:
1. Preparing and managing the general budget and follow-up its implementation.
2. Preparing and approving the final accounts, and setting the basic rules governing financial records.
3. Preparing and approving the financial and accounting policies and procedures to be followed by government authorities.
4. The authorities, competencies, powers and responsibility for managing the financial resources of government authorities.
5. The general rules regulating the collection, management and disbursement of financial resources to government authorities.
6. Meeting the Government's financial needs.
7. Managing the public debt of the government in accordance with the best sound and safe practices.
8. Improving systems to prevent and manage financial risks.