Ministry Of Finance (Saudi Arabia)
The Ministry of Finance (MoF; ) of Saudi Arabia is the principal body for controlling state expenditure in Saudi Arabia. It is currently led by Mohammed Al-Jadaan. History When instructions were issued by the Kingdom of Hejaz and Nejd, Kingdom of Hejaz that financial matters were to be managed by a finance directorate, a single entity in the form of a General Directorate of Finance was established on 14 October 1927. Royal Order No. 381 was issued on 14 May 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 tasked with regulating, managing and securing the collection of state funds, and oversight of expenditures, and became the general authority for financial matters in the Kingdom of Hejaz and Nejd and its territories. Royal Decree No. 1697 was issued on 27 June 1953 establishing the Ministry of Economy to replace the Bureau ...
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