economy

The Ministry of Finance launches the era of smart oversight of public funds

In a move reflecting the accelerating institutional transformation towards modern governance, the Ministry of Finance announced the commencement of work on the new financial control system, issued by Cabinet Resolution No. (M/122) dated 10/06/1447 AH corresponding to December 1, 2025, to establish a more efficient and flexible phase in the management of public funds, and to officially replace the system of financial representatives.

A qualitative leap in the oversight system

The new system comes as part of a package of reforms aimed at developing the financial control system, raising its efficiency, and enhancing transparency, in line with the objectives of Saudi Vision 2030, and keeping pace with the economic and administrative transformations taking place in the Kingdom.

An executive regulation governs the application

Concurrently with the system’s implementation, the Ministry of Finance issued its executive regulations, which outlined the practical framework for its application and defined the mechanisms and procedures that enable government agencies to adopt modern, flexible, and adaptable oversight methods that are appropriate to the nature of their work and operational sizes.

A broad scope encompassing various entities

The scope of the system extends to include government agencies funded by the general budget, in addition to agencies that receive support, subsidies or grants from the state, as well as agencies that carry out work or purchases on behalf of government agencies, in a step that enhances the comprehensiveness and integration of oversight.

Multi-track monitoring with global standards

The system is based on an integrated mix of control methods, including direct control, self-control, digital (technical) control, in addition to reporting control, which allows for a more efficient distribution of control roles and ensures their compatibility with the nature of each entity, in accordance with best global practices.

Towards smarter and more flexible censorship

The system reflects a clear trend towards smart monitoring, which relies on technology and continuous analysis, contributing to increased spending efficiency, enhanced integrity, and achieving the highest levels of governance in managing the state’s financial resources.

In a step that reflects the accelerating institutional transformation towards modern governance, the Ministry of Finance announced the commencement of the new financial control system, issued by Cabinet Resolution No. (M/122) dated 10/06/1447 AH, corresponding to December 1, 2025, to establish a more efficient and flexible phase in managing public funds, officially replacing the system of financial representatives.

A Qualitative Shift in the Control System

The new system is part of a package of reforms aimed at developing the financial control system, enhancing its efficiency, and promoting transparency, in line with the objectives of Saudi Vision 2030, and keeping pace with the economic and administrative transformations taking place in the Kingdom.

Executive Regulation to Regulate Implementation

Alongside the commencement of the system, the Ministry of Finance issued its executive regulation, which outlines the practical framework for its implementation, specifying the mechanisms and procedures that enable government entities to adopt modern, flexible, and adaptive control methods in accordance with the nature of their work and operational sizes.

A Wide Scope Covering Various Entities

The scope of the system extends to include government entities funded by the general budget, in addition to entities receiving support, grants, or donations from the state, as well as entities that carry out work or procurements on behalf of government entities, in a step that enhances the comprehensiveness and integration of control.

Multi-Path Control with Global Standards

The system is based on a comprehensive mix of control methods, including direct control, self-control, digital (technological) control, along with report control, allowing for a more efficient distribution of control roles and ensuring their alignment with the nature of each entity, according to the best global practices.

Towards Smarter and More Flexible Control

The system reflects a clear trend towards transitioning to smart control, which relies on technology and continuous analysis, contributing to increased spending efficiency, enhancing integrity, and achieving the highest levels of governance in managing the state's financial resources.

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