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Article 16 of the Saudi Anti-Corruption Authority Law

المادة 16 من نظام هيئة الرقابة ومكافحة الفساد · الباب الثاني: جهاز الهيئة ومهماته واختصاصاته

The article gives the Authority an independent annual budget, held in a special account in its name at the Saudi Central Bank and spent under its financial regulations, and sets its fiscal year as the State's fiscal year.

Official text (Arabic)

This article has not been amended since the law was issued.

1- تكون للهيئة ميزانية سنوية مستقلة، تودع مبالغها في حساب خاص باسم الهيئة في البنك المركزي السعودي، ويُصرف منها وفقاً للوائح المالية المنصوص عليها في الفقرة (1) من المادة (التاسعة) من النظام.

2- السنة المالية للهيئة هي السنة المالية للدولة.

This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers

Article 16 explained in plain English

Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.

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Frequently asked questions about Article 16 of the Saudi Anti-Corruption Authority Law

Does Nazaha have an independent budget?

Yes. The Authority has an independent annual budget, and its funds are deposited in a special account in its name at the Saudi Central Bank.

How is money spent from the Authority's budget?

In accordance with the financial regulations provided for in paragraph 1 of Article 9.

What is the Authority's fiscal year?

It is the State's fiscal year.

Articles this article refers to

More articles on Organization and Budget of the Authority

The texts are reproduced from the official website of the Bureau of Experts at the Council of Ministers for reference; where they differ, the officially published Arabic text prevails. This content is not legal advice.