Council of Ministers: Financial Affairs

Article 25:

The government shall not conclude a loan agreement unless approved by the Council of Ministers and after a Royal Decree thereon has been issued.

Article 26:

The Council of Ministers shall study the State budget, issued by a Royal Decree, and shall proceed to vote on it chapter by chapter.

Article 27:

Any increase introduced to the State budget shall not be made except by a Royal Decree.

Article 28:

The Minister of Finance and National Economy shall present the final state accounts for the expired fiscal year to the Prime Minister who shall refer it to the Council of Ministers.

Related Items
See also:

Main reference point:

Search:

Profile of Saudi Arabia

The Country Profile contains thousands of pages of information on every aspect of the Kingdom of Saudi Arabia, including its geography, history and development (political, economic and social).