1. Development of the Treasury role and functions
REPUBLIC OF SERBIA
MINISTRY OF FINANCE
TREASURY
Development of the Treasury role and functions
in modern society
Slađana Jovanović
Vladislav Dardić
PEMPAL
2 June 2016
Chişinău

2. ORGANISATIONAL STRUCTURE
Treasury—integral part of the Ministry of Finance
Established—1 August 2005
Treasury operations—organised on a territory basis
Treasury seat—Belgrade
Communication network—34 subsidiaries and 110 branch offices
Sector of information technologies (SIT)—within the framework of the Treasury
Treasury 2

3. Treasury Registry of agricultural holdings Auction platform
JURISDICTION
Treasury
Financial planning
RS cash management
Liquidity management
Expenditure control according to annual appropriations
Budgetary accounting and reporting
Maintenance and improvement of the Treasury IT system
Public payments
Centralised personal income calculation
Registry of agricultural holdings
Auction platform
Treasury

4. PUBLIC FINANCIAL MANAGEMENT REFORM PROGRAMME
2016–2020
Improvement of the commitments control and cash management
Improvement of scope and quality of reporting on budget execution
Gradual and systemic move to accrual accounting
Treasury

5. KEY CHANGES 1. Introduction of the public financial management system
Considerable changes to the Treasury operations since its establishment
Main drivers of change
1. Introduction of the public financial management system
Inclusion of direct budget users (a view into the state of budget, financial planning, general ledger of the Republic of Serbia)
2. Broadening of the public financial management system
Inclusion of indirect budget users—Ministry of Justice (250 courts and public prosecutor’s offices)
3. Income calculation of direct budget users
200 users, 30,000 employees
4. Implementation of the complete solution for income calculation for primary and secondary education
Income calculation for the Ministry of Education—1760 primary and secondary schools, 130,000 employees
5. Register of cash liabilities settlement
Control of commitments regarding commercial transactions
6. Trade in state securities
Software solution for auctions 5

6. DIRECT BUDGET USERS COMMUNICATION NETWORK
Communication network of direct budget users
Treasury

7. Improvement of service quality Strategy for Treasury development
Strategy for SIT development
Improvement of
organisational
aspects of the IT sector
Realisation of special significance projects
Improvement of the IT sector infrastructure
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8. THANK YOU FOR YOUR ATTENTION!
Should you require additional information, please contact us at:
THANK YOU FOR YOUR ATTENTION!
Treasury 8