Iraq marks key milestone with new financial management law

1 minute read

By Mike Fleet - Senior Researcher and Mohammed Abdulkareem - Project Executive

As of May 2019, the Financial Management Law of Iraq has been voted on and placed into the Official Gazette. The law is expected to come into force in the 2020 fiscal year. This new law was drafted with the advice of the Institute on Governance and replaces the 2004 Coalition Provisional Authority order. Aiming to establish a more effective system of financial management suited to a federal government, this law lays the legal groundwork to allow for best financial practices and processes in a federal system.

The IOG conducted this work as part of its project on the Fiscal Federalism and Decentralization in Iraq, funded by Global Affairs Canada.

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Institute on Governance

Institute on Governance

Founded in 1990, the Institute on Governance (IOG) is an independent, Canada-based, not-for-profit public interest institution with its head office in Ottawa and an office in Toronto. Our mission is ‘advancing better governance in the public interest,’ which we accomplish by exploring, developing and promoting the principles, standards and practices which underlie good governance in the public sphere, both in Canada and abroad.

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