Federal Law No. (3) of 2025 Regarding the Approval of the Unified Final Account of the Union (Consolidated Financial Statements) for the Fiscal Year Ended 31/12/2024

Purpose and legislative background

This Law is an annual public-finance approval instrument. Its role is to give legislative approval to the Union’s unified final account and consolidated financial statements for the fiscal year ended 31 December 2024, including budget-execution data.

Scope and who it applies to

The Law concerns federal public finance and the entities included within the Union consolidated statements and budget execution reporting. It does not establish a general accounting regime for private companies.

Key definitions

The operative concepts are the unified final account, consolidated financial statements and budget execution data. The detailed accounting content is contained in the approved statements and notes referred to by Article 1.

Main rights and obligations

Article 1 legislatively approves the specified consolidated financial statements, accompanying notes and budget-execution data. The practical obligations of ministries and federal entities arise mainly from the public-finance, accounting and audit framework under which those statements were prepared.

Procedures and compliance

For audit, finance or research work, the Law should be read with the actual approved statements and notes. Those schedules contain the amounts, accounting classifications and disclosures; they should not be reconstructed from secondary summaries.

Deadlines and time limits

The reporting period ends on 31 December 2024. Article 2 provides commencement on the day after Official Gazette publication. The exact Gazette/publication date was not independently verified in this pass and has therefore not been guessed in the manifest.

Enforcement, violations and penalties

The two-article Law is an approval instrument and does not create a standalone penalty schedule. Any accountability or audit consequences arise under the broader applicable public-finance and oversight legislation.

Practical scenarios

• A researcher cites the federal consolidated financial results for 2024 and uses the approved statements referenced by Article 1.
• A federal finance team reconciles budget execution figures against the approved final account.
• An auditor checks whether a reported figure belongs to the consolidated statements or to a separate entity statement.

Amendments and related legislation

This Law relates to the federal public-finance and annual budget framework for fiscal year 2024. It should be read alongside the legislation governing federal public finance and the 2024 budget instruments where historical budget-to-actual analysis is required.

What businesses and individuals should check

• Use the approved financial statements and notes for exact amounts.
• Distinguish consolidated Union figures from individual federal-entity figures.
• Check whether a citation concerns budget approval, budget execution or final-account approval.

When professional interpretation may be useful

Specialist interpretation may be useful for public-sector accounting treatment, consolidation scope, audit findings, budget-to-actual analysis or legal effect of final-account approval.