Psalm 111/Notes/Lexical.Vv. 7-8.908902

SDBH understands מִשְׁפָּט here in the sense of "law; rules," but, as it is collocated with the abstract noun אמת, it more likely refers to "justice." "Characterized by faithfulness and justice" (NET) >> "faithful and just" (NIV, ESV, GNT). Cf. GKC 141 and the note on v. 3a.
SDBH defines פִּקּוּדִים as "rules regulating behavior." Baethgen argues that these refer here, not to the commands of the law, but to YHWH's providential decrees.^[1]
On the meaning of עֲשׂוּיִם in this context, see The Text, Grammar, and Meaning of Ps. 111:8b.