THE UNIFIED TREASURY RECOVERS TRILLIONS OF DINARS AND CLOSES THOUSANDS OF BANK ACCOUNTS
The unified treasury recovers trillions of dinars and makes tangible progress in controlling government accounts, as the Ministry of Finance announced the closure of 3,743 bank accounts and the recovery of billions of dinars from inactive accounts.
The Ministry of Finance announced on Wednesday that more than 3 trillion dinars and 333 million dollars have been returned to the public treasury account since the implementation of the unified treasury account.
A report from the Accounting Department at the Ministry of Finance stated that “the number of zero accounts that were closed in accordance with Cabinet decisions was (3743) bank accounts,” indicating that “the total amount recovered during the implementation of Decision No. (23581 of the year (2023) on inactive accounts that had been inactive for more than 5 years was 159 billion, 560 million, 226 thousand, 325 dinars, and in dollars 133 million, 866 thousand, 180 dollars.”
He added that “the amounts recovered from the dormant accounts of the public treasury amounted to 26 billion, 348 million, 90 thousand and 17 dinars, and in dollars 198 million, 304 thousand and 312 dollars,” noting that “the recommendations regarding the non-moving accounts belonging to the departments affiliated with the Ministry of Finance have been completed, as the total amount recovered for the public treasury amounted to (149220725960) dinars.”
The report explained that “the total amount recovered from the remaining balance of the unified treasury account for salaries for the year 2024, which is withdrawn monthly, amounted to large sums in dinars of 726990927864 dinars and in dollars of $458928, while other amounts were recorded relating to the remaining salaries for the year 2025 amounted to 299601275444 dinars and in dollars of $495790.”
Remaining operating expenses
He noted that “pending the end of the fiscal year on 12/31/2023, banks were instructed to withdraw the remaining operating expenses, and the total amounts withdrawn according to the unified treasury account amounted to large sums in dinars.”
The report indicated that “during the year 2025, banks began withdrawing amounts from the (old) operating expenses accounts into the unified treasury account, amounting to 293819265860 dinars.”
As part of organizing the work, after the end of the fiscal year on 12/31/2025, the cash liquidity for the operating accounts was withdrawn, while continuing to adopt the previous work mechanism to ensure the accuracy of matching between bank statements and central records.
The report confirmed that “the total amount recovered for the public treasury during the implementation of Resolution No. (24913) of 2024, related to central accounts that have not been active for more than five years, amounted to 34071023130 dinars and $9481.”
In a related context, the report explained “the implementation of the paragraph regarding the transfer of bank account balances for centrally funded entities that have not been held for five years, where an account was opened with the bank in the name of the Ministry of Finance/Accounting Department, and the necessary procedures were completed in coordination with the banks,” noting that “the number of accounts is 121 with an amount of 48958677591496 dinars and in dollars 1644977 dollars.”
Implementing the unified treasury system
She also noted “the continuation of work on implementing the unified treasury system, with advanced steps taken to address inactive accounts, where data was collected, audited and submitted to higher authorities to make the necessary decisions regarding them,” pointing out “the completion of control and oversight procedures for bank accounts, by contacting government agencies to provide a comprehensive database of the accounts they have open, whether paper or electronic.”
He stated that “in implementation of paragraph (Second 3 (a) – (b) of Resolution 24913 of 2024, which included transferring the balances of bank accounts of self-financing entities that have been more than (5) years old and those that have not been (5) years old with banks to the account opened in the name of the Ministry of Finance / Accounting Department until the committees complete the work regarding their recommendations, and in light of that, our letter No. (49) was issued on 1/5/2025 to inform the banks to take the necessary action.”
The report confirmed “the follow-up and monitoring of balances that were transferred in accordance with Cabinet Resolution (24913) of 2024 to our accounts opened at the main branch of each bank that has inactive accounts. Our circular No. (24089 on 2025/8/25) was issued to provide us with a statement for each account.”
He explained that “with regard to the recommendations that were provided to us by the committees in the ministries and non-ministerial entities formed according to Resolution 23452 of 2023, paragraph (3) thereof, a unified database of accounts was prepared for the purpose of sorting and settling those accounts and sending them to the banks according to our circular No. (12477) dated 5/11/2025 for auditing and matching the inactive bank accounts belonging to the spending units and stating any observations on them. After the issuance of Cabinet Resolution No. (373) of 2025, which included the formation of a committee, Diwani Order No. (46) was issued regarding settling the issue of inactive accounts, whereby a committee was formed headed by the Financial Control Bureau and with the membership of the Accounting Department and the Rafidain and Rasheed Banks, and all the documents were handed over to the committee member from the Ministry of Finance, according to the note of the respected Director General.”
Tightening control and oversight
He explained that “in order to tighten control and oversight of bank accounts at spending units, our circular No. (29016 on 10/30/2024) was issued, followed by circular No. (34325) on 12/23/2024, which included the creation of a unified treasury account division in the financial department of the headquarters of each ministry or entity not affiliated with a ministry or governorate, as well as for the general administrations of government banks, to create a database of bank accounts opened with them and to update it periodically.”
He pointed out that “bank account databases were received for the purpose of auditing and cross-referencing them from some of the Unified Treasury Account branches that were created in ministries, non-ministerial entities, and governorates, along with the bank account databases, after they were sent to the Unified Treasury Account branches in government banks.”
He emphasized, “Regarding the comprehensive banking system and to demonstrate the extent of its application in government banks and their branches that have joined, and the number of unified treasury bank accounts in each branch, statistics have been prepared for the purpose of preparing this memorandum.”
He pointed out that “in order to complete the monitoring of the movement and balances of bank accounts at bank branches and to access fast and reliable information, an electronic platform was created between government banks and this division according to pre-planned stages, including:
The first stage includes the accounts for the unified treasury (salaries/operating expenses) according to the Excel model that we have prepared, which includes all the information that we see as necessary in the work of the unified treasury account, according to our circular (14192 on 2025/5/25).
The second phase is subject to the successful implementation of the first phase. Our letter No. (18309 on 7/8/2025) was issued, which includes directing government banks to upload government (current) accounts via the platform.
The third phase, after the successful completion of the second phase, will involve unifying the platforms after selecting the most suitable platform that best meets the work requirements. A ministerial order was issued to form the technical team, which was tasked with unifying the platforms according to a modern work mechanism, and it contributes to implementing the steps of the unified treasury account. Successive meetings have been held, and we are now in the semi-final stages of implementing the third phase.
development process
The fourth (targeted) stage is a developmental process that can be updated in the field of platforms or by adding any new work mechanism that is implemented according to the requirements of the work.
He continued, “Based on the request of the Investment Plan Department to provide them with the Investment Plan accounts to compare them with the accounts they have,
our circular No. 31769 dated 11/2/2025 was prepared and directed to the banks to provide us with the accounts that they printed (my investment).”
He pointed out that “in order to resolve the non-active accounts and move towards advanced steps in the unified treasury account, and due to the existence of non-active accounts that appeared at the bank branches, our circular No. (26169 on 9/15/2025) and its successor (29404 on 10/12/2025) was issued to provide us with the non-active accounts. The data received by us was collected and verified, and it was submitted to the General Secretariat of the Council of Ministers/Office of the Secretary-General by virtue of letter No. (8558 on 4/13/2026) for the purpose of presenting it at the Council of Ministers session to issue a decision regarding it.”
The report concluded that “the total amount returned to the public treasury account since the implementation of the unified treasury account until the date of preparation of the report amounted to (3683869713303) dinars and (333134691) dollars only, while the number of zero bank accounts that were cancelled amounted to (3743) bank accounts.”
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