Legal aspects of preparing the final accounts of the general budget

Abstract

Abstract:The general budget serves as a roadmap that outlines the framework and boundaries of the state's financial activity, with its executive bodies acting as the driving instruments of that activity. When performing their duties, these bodies must adhere to the course set by this roadmap; otherwise, they would be deemed to have deviated from it. And since the budget concerns financial activity, the state bears a legal obligation to document all operations carried out within the scope of its financial activities during the fiscal year, subsequently submitting all evidence thereof in the form of financial documents and records—what is referred to in the doctrine of financial law as the final account of the general budget. In this study, we focused on the legal aspects of preparing and executing the final account of the state's general budget within the framework of the Iraqi legislative context. By examining all relevant laws and through a structured, logical scientific approach, we sought to address every issue that could be resolved and eliminate all legal obstacles and complications that, in our view, have contributed to the delay in finalizing the closing accounts of previous fiscal years. © 2023 TUJR, College of Law, Tikrit University