State Treasury Structure of the Treasury Single Account

Slides:



Advertisements
Similar presentations
1 GOVERMENT ACCOUNTING March 2003, Ankara MINISTRY OF FINANCE General Directorate of Public Accounts.
Advertisements

Ministry of Finance of the Republic of Kazakhstan Treasury Committee Topic: «Integration of External Financing in the Process of Budget, Accounting and.
Government Sector Workshop on the Implementation of the 2008 SNA, 29 November-02 December 2011, Kiev REPUBLIC OF MACEDONIA STATE STATISTICAL OFFICE Agenda.
STATISTICAL SYSTEM in TURKEY AND İMPLEMENTATİON OF GFSM Bahtiyar YÜKSEL Finance Expert November
Deployment of IT System Presentation of Mrs. Tetyana Slyuz Head of the State Treasury of Ukraine.
EXTERNALLY FINANCED PROJECT FUNDS MANAGEMENT, ACCOUNTING AND REPORTING Zaza Rukhaia February, 2012.
Use of Country Systems in Europe and Central Asia Use of Treasury System for implementation of Bank-financed projects.
T r a n s p a r e n t f a s t r e l i a b l e
FINANCIAL ACCOUNTING AND REPORTING OF DONOR FUNDED PROJECTS Zurab Tolordava February 2012.
STATE TRASURY. ST was established on the basis of Act No. 291/2002 Coll. on the State Treasury and on Amendment and Supplementation of Certain Laws as.
STATE TREASORY DEVELOPMENT STRATEGY Ministry of Finance Republic of Croatia.
MINISTRY OF FINANCE STATE TREASURY. 2 Management, accounting and reporting of externally financed projects.
IFMIS assessment for investment lending projects Gert van der Linde AFTFM Fiduciary Forum 2008.
Министерство финансов Республики Узбекистан Тел.: ( ) , Министерство экономики Республики Узбекистан Тел.: ( )
Evolution of the Treasury System in the Republic of Azerbaijan Ministry of Finance of the Republic of Azerbaijan State Treasury Agency November 2015 Baku.
TSA and Cash management function in Albania
Electronic Treasury and Treasury Single Account. Moldova’s Model Alexandr Prohnitchi Deputy Director of the Treasury of the Republic of Moldova.
Scope of Municipality audits in Lithuania Senior auditor Julius Lukošius 2014 September.
Organizing the document flow and the business day in the automated system of the Federal Treasury Deputy Head of the Federal Treasury Office For Vladimir.
Ministry of Finance of the Republic of Moldova of March 2016.
PEM PAL, Kiev, April 24-26, 2013 Development of Treasury System in Ukraine State Treasury Service of Ukraine Head of Budget Services Methodology, Accounting.
TREASURY OF GEORGIA – MISSION AND FUNCTIONS Nino Tchelishvili June, 2016 Chisinau, Moldova.
1. 2  Strategy of public finance management for  Law on public finance and budget and tax responsibility # 181, of ;  Law on.
PUBLIC FINANCE IN THE REPUBLIC OF MOLDOVA: REFORMS AND THE DEVELOPMENT STRATEGY PLENARY SESSION OF THE TREASURY COMMUNITY OF PRACTICE JUNE 1-3, 2015, KISHINEV,
1 LAW On Public Finance and Budget and Tax Responsibility; Competences and Roles of Participants of the Budget Process # 181, of July 25, Plenary.
Public Expenditure Management Peer Assisted Learning Reports on Execution of the National Public Budget Kishinev, Moldova June 1-3, 2016.
Kishinev 2016 MINISTRY OF FINANCE OF THE REPUBLIC OF TAJIKISTAN.
Ministry of Finance of the Republic of Moldova of June 2016.
Improving public financial management. Supporting sustainable development. PEFA and fiscal transparency OECD CESEE SBO Ljubljana, Slovenia July 8, 2016.
Central Treasury of the Ministry of Finance of the Kyrgyz Republic
Treasury of the Republic of Kazakhstan
Cash management and forecasting The relationship between the Ministry of Finance and the Central Bank of Montenegro Marija Popović Branka Rogošić Pavle.
HASMIK STEPANYAN April
John Zohrab Fiscal Affairs Department, IMF
THE STATE TREASURY OF THE REPUBLIC OF CROATIA
Minsk 6 oblasts + the city of Minsk 118 regions 207,000 square km
Treasury System of the Republic of Armenia
THE RELATIONSHIP BETWEEN CASH MANAGEMENT AND CENTRAL BANK
MoF/Central Bank: Coordinated Cash Management
Public Expenditure Management Peer Assisted Learning
MINISTRY OF FINANCE OF THE REPUBLIC OF MOLDOVA
MANAGING BUDGET FUNDS IN THE REPUIBLIC OF KAZAKHSTAN
PEMPAL, Moscow, October 2016 Natalia Pilets Deputy Head,
PEMPAL - TCOP WG thematic workshop – Moscow – 5 April 2017
Exchange of News Session Albanian Treasury System
MINISTRY OF FINANCE OF THE REPUBLIC OF MOLDOVA
Managing cash flows and balances at the Single Treasury Account
Financial Management and Accountability
Forecasting and Planning Cash Balances in the Treasury Single Account
Sybi Hida ALBANIA February, 2005
The State Treasury Agency of the Republic of Azerbaijan
Public Debt Management
Treasury Community Workshop Baku, Azerbaijan, April 10-13, 2018
Sybi Hida ALBANIA February, 2005
Evolution of the Role and Functions of the Treasury
Treasury Performance Measuring and Monitoring in Kyrgyz Republic
Measuring and Monitoring Treasury Performance
Managing Liquidity in the Treasury Single Account
Evolution of the Treasury System of the Azerbaijan Republic
Treasury bodies of the Republic of Belarus
Introducing the 4th Budget Tier at the Local Government Level
Cash management – Liquidity forecast
Ministry of Finance Republic of Kazakhstan
Ministry of Finance of the Republic of Tajikistan
General Government Accounts in Israel
Integrated AGFIS with other systems
Treasury Performance Monitoring Republic of Armenia
Treasury Community of Practice Workshop
Evolution of Expenditure Controls
Role of the Treasury in the Financial System of Uzbekistan
Presentation transcript:

State Treasury Structure of the Treasury Single Account MINISTRY OF FINANCE OF THE REPUBLIC OF MOLDOVA State Treasury Structure of the Treasury Single Account and Liquidity Management Tools   Chisinau, October 2017

Government institutions Territorial (local) Treasury offices (38) Treasury system before TSA establishment (1993-2007) 1993-2007 1. Government budget (revenues) Government budget (expenditures) Budgets of administrative territorial units Government Social Insurance Budget Compulsory Health Insurance Funds National Bank Commercial banks (CB) AIPS CB NBM 1997- 2007 Before 1997 Government institutions Commercial banks Economic agents Territorial (local) Treasury offices (38) CB Central Treasury (client)

Prerequisites and a regulatory framework for TSA establishment Memorandums on economic and financial policy concluded with the IMF. Resolution of the Moldova Government on Socioeconomic Development of the Republic of Moldova and Implementation of an Action Plan to Carry Out the Government Program for 2005-2009, Modernization of the Country for Prosperity of the People, in the first half 2007. Action Plan for Transferring Government Budget, Government Social Insurance Budget, and Compulsory Health Insurance Funds to the TSA, signed by the Ministry of Finance, National Bank, National Social Insurance Fund, and the National Health Insurance Company.

Government institutions Local Treasury offices (38) Establishment and development of TSA National Bank (TSA) The State Treasury is a direct participant of the Automated Interbank Payments System (AIPS) since April 1, 2007 Phase II: January 1, 2008 Government budget Budgets of administrative territorial units Government Social Insurance budget Compulsory Health Insurance funds Phase I: March 1, 2007 Government budget (revenues) Government Social Insurance budget (revenues) Compulsory Health Insurance funds (revenues) Phase III: 2015 Servicing of externally financed projects Self-regulatory government organizations Phase IV: 2016 Consolidation of earmarked monies and special funds with the basic component Opening of separate accounts for provisionally credited funds of government organizations AIPS CB NBM MoF Government institutions Local Treasury offices (38) Economic agents Compulsory Health Insurance Funds (revenues + expenditures) Government Social Insurance Budget

TSA Structure TSA AIPS correspondent account (NPB) 266 accounts Local budgets 107 Basic component 37 Externally financed projects 33 Provisionally credited funds 37 General government budget 77 Basic component 1 36 3 Provisionally credited funds Government Social Insurance Budget/Compulsory Health Insurance Funds 42 Technical accounts Self-regulatory government organizations 38 Foreign currency account (NPB) 2 accounts – euro 4 accounts – US$ 144 accounts for externally financed projects

TSA coverage TSA Government budget Government Social Insurance budget Local budgets Technical accounts Compulsory Health Insurance Funds Self-regulatory government organizations

TSA coverage Shares of average daily balances in the TSA in 2016

Government budget account Administration of accounts in the TSA State Treasury Government budget revenues GSIB/CHIF revenue accounts 2 Technical accounts 3 Government budget account 1 GSIB/CHIF revenues Local budget revenues Local Treasury office 1 National Social Insurance Fund National Health Insurance Company GSIB/CHIF accounts 40 Self-regulatory government organizations (SRO) 38 accounts Government budget (GB) 76 accounts Local budgets (LB) 107 accounts SRO revenues GSIB/CHIF expenditures GB expenditures LB expenditures SRO expenditures

Administration of accounts in the TSA 1 LB account (basic component) 1 account for self-regulatory organizations Current accounts 1 LB account (provisionally credited funds) 1 GB account (basic component) Local Treasury office 1 GB account (provisionally credited funds) 1 GB account (externally financed projects) Government-financed institutions - 1149 Institutions financed from 1-level LBs – 3804 Economic agents Self-regulatory government organizations - 1641 Institutions financed from 2-level LBs - 11898 Government budget Local budgets

Movement of funds in the TSA State Treasury Local treasury office Economic agents Local budget revenues Bank account of local budgets Bank account of government budget Transfers of shared revenues (on a daily basis) Current accounts of 1st-level LBs Shared revenues of local budgets of the 1st and 2nd level Government budget account receipts Current accounts of 2nd-level LBs Financing of general government expenditures (as per financing needs and in view of available liquidity, in line with budgetary allocations) Current accounts of government-financed institutions Bank account of government budget (expenditures only) General government revenues Processing of bank statements Public debt servicing External payments Bank fees

Fiscal transfers between the government budget and local budgets State Treasury Local Treasury office Summary payment document for general-purpose transfers Summary payment document for special-purpose transfers (earmarked funds) Bank account of government budget Current accounts of 1st-level LBs Bank account of local budgets Current accounts of 2nd-level LBs Balance of earmarked funds

Borrowings from self-regulatory government organizations State Treasury Local Treasury office Borrowing of funds from bank account (balances in current accounts remain unchanged) Bank account of government budget Account for elf-regulatory government organizations Current account of a self-regulatory government organization Refund of borrowings

Thank you for listening If you have any questions, please feel free to ask