Iraq marks key milestone with new financial management law - Institute on Governance

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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