meta_id 3062565

On April 13, 2026, the Saudi Ministry of Finance announced that the Financial Control Law, issued by the Council of Ministers under Resolution No. (M/122), entered into force on December 1, 2025. The law replaces the Financial Representatives Law and forms part of efforts to develop the public financial oversight framework and enhance its efficiency, in line with the objectives of Saudi Vision 2030. The Financial Control Law applies to agencies funded by the Saudi Budget, entities that receive support, grants, or subsidies from the State, and entities that carry out works or procurements on behalf of a government agency. The law is based on a combination of oversight approaches, including direct control, self-control, digital control, and report-based control, applied in a manner commensurate with the nature and scale of different agencies' operations and aligned with international best practices in financial oversight. In parallel with the law's entry into force, the Ministry of Finance issued implementing regulations that set out the application mechanisms and enable government entities to adopt modern oversight approaches suited to their specific operational requirements. These regulations provide the framework through which government agencies will operationalise the Financial Control Law's provisions. The implementation of the Financial Control Law represents a significant modernisation of Saudi Arabia's public financial oversight framework, replacing legacy legislation with a more flexible and contemporary regulatory approach designed to accommodate the diverse operational contexts of government entities.