Ministry of Finance Announces Entry into Force of Financial Control Law and Issues Implementing Regulations

The Ministry of Finance has announced the commencement of the Financial Control Law, issued by the Council of Ministers under Resolution No. (M/122), on December 1, 2025. This forms part of efforts to develop the public financial oversight framework and enhance its efficiency, in line with the objectives of Saudi Vision 2030, as the law replaces the Financial Representatives Law.
 In parallel with the entry into force of the law, the ministry has issued its implementing regulations, which set out the application mechanisms and enable government entities to adopt modern oversight approaches commensurate with the nature and scale of their operations.
 The scope of application of the law includes agencies funded by the Saudi budget, or those that receive support, grants, or subsidies from the state, as well as entities that carry out works or procurements on behalf of a government agency.
 The Financial Control Law is based on a combination of oversight approaches, including direct control, self-control, digital control, and report-based control, in a manner commensurate with the nature of different agencies’ activities and aligned with international best practices in financial oversight.