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The Ministry Of Finance - Tabuk Tabuk

The Ministry Of Finance - Tabuk
Ministry of Finance -Tabuk branch located at King Khaled Road, Tabuk City.  General Directorate of Finance was established in 1927.  Royal Order was issued in 1932 changing the name of the General Directorate of Finance to the Ministry of Finance, thus becoming the second ministry to be established after the Ministry of Foreign Affairs. The Ministry of Finance was made responsible for regulating, managing and securing the collection of state funds, and their expenditures, and became the general authority for financial matters in the Kingdom. In 1936, as the activities of the Ministry of Finance expanded in scope, a number of general directorates were established within the ministry, including the Petroleum and Minerals Directorate, the Public Works Directorate, and the Customs Directorate, in addition to special bureaus concerned with corporations, development projects, cash, Zakah, revenue, and Hajj Affairs.  In order to meet the requirements of economic expansion, Ministerial Order was issued in 1951 establishing a bureau to monitor economic affairs and issues related to various international organizations set-up in accordance with the Security Council resolutions and the United Nations decisions, and also official regional conferences. Royal Decree was issued in 1953 establishing the Ministry of Economy to replace the Bureau for Economic Affairs. Royal Decree was issued in 1954 merging the Ministry of Economy and the Ministry of Finance into a single ministry called the Ministry of Finance and National Economy. Royal Order was issued in 2003 transferring responsibility for economic activity from the above-mentioned ministry to the Ministry of Planning and thus changing the name of the Ministry of Finance and National Economy to the Ministry of Finance, and the name of the Ministry of Planning to the Ministry of Economy and Planning. ​The Main Duties of the Ministry are: - Supervising implementation of the government’s fiscal policy and monitoring its implementation by the relevant agencies, - Preparing the government’s budget, discussing it with government agencies, and monitoring its implementation, - Controlling the current accounts between the Ministry of Finance and all other government agencies. Monitoring the pre-disbursement phase of budgetary funds for all government agencies, - Supervising government revenue collection activities and ensuring that they comply with the relevant rules and regulations, - Supervising the annual closing of the government’s accounts and expenditures, - Supervising and protecting government’s properties.

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