1. 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

2. Government institutions Territorial (local) Treasury offices (38)
Treasury system before TSA establishment ( )
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
Before 1997
Government institutions
Commercial banks
Economic agents
Territorial (local) Treasury offices (38) CB
Central Treasury
(client)

3. 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 , 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.

4. 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

5. 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

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

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

8. 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

9. 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
Institutions financed from 1-level LBs – 3804
Economic agents
Self-regulatory government organizations
Institutions financed from 2-level LBs
Government budget
Local budgets

10. 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

11. 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

12. 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

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