The rules of federal budget and final accounts in United Arab Emirates

Abstract

Purpose

The aim of this paper is to provide a detailed review on the issues that cover the Budget Law No. 23 of 2005 regarding rules of the general budget and the final accounts preparation in United Arab Emirates (UAE).

Design/methodology/approach

The discussion revolved around different issues covered by the above law; those issues include fundamentals, general budget classification, preparation of the budget, budget approval, and issuance, budget implementation, monitoring, final accounts, autonomous agencies budget, and general and final terms.

Findings

From this review, one can say that this law covers all stages of the budgetary process, planning, implementing, controlling, and preparing the final account. Moreover, the budgetary system is more compatible with performance‐based budgeting as it holds up appropriate policies in its strategy to budget programs in the medium term rather than in short‐term cash management.

Originality/value

This research studies, the budget process, and final accounts preparation throughout reviewing the rules enforced by UAE Federal Law No. 23 of 2005.

Citation

Ibrahim, M. (2011), "The rules of federal budget and final accounts in United Arab Emirates", International Journal of Law and Management, Vol. 53 No. 3, pp. 199-206. https://doi.org/10.1108/17542431111133427