The mechanism for monitoring the implementation of the public budget in light of the federal financial management law No. 6 of 2019

Abstract

For the purpose of organizing the rules and procedures that govern the financial and accounting management in the field of monitoring the federal public budget, as one of the areas that the Iraqi financial legislator issued the federal financial management law No. 6 of 2019 in force, to direct all federal revenues to the public treasury and to cover Public spending, including the impact of controlling the public budget in ensuring the proper use of public funds and ensuring that spending units respect the rules of enforceable financial management and that they do not deviate from what is approved by the legislative authority, and the impact of this on combating financial and administrative corruption. For that, we discussed the issue of the oversight mechanism on the implementation of the public budget in light of the financial management law No. 6 of 2019, and we discussed this in two sections. The first section includes the control practiced by the executive authority. The second section explores the control exercised by the legislative authority, and the role of independent bodies in monitoring the implementation of the public budget.