Kosovo Treasury Response to COVID-19 Pandemic Situation
Kosovo Treasury has efficiently managed its operations during the COVID-19 pandemic, ensuring continuity in financial functions and creating a dedicated bank account for funds related to fighting the pandemic. Despite reduced office staff, the Treasury has remained fully operational, handling revenues, payments, and COVID-19 specific transactions smoothly.
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Republika e Kosovs Republika Kosova - Republic of Kosovo Qeveria - Vlada - Government Ministria e Financave dhe Transfereve Ministarstvo za Finansije i Transfere Ministry of Finance and Transfers Thesari i Kosov s Trezor Kosova Treasury of Kosovo Treasury of Kosovo - Response to COVID-19 April 2020
The same as the rest of the world, Kosovo is also facing the coronavirus pandemic. All public institutions except health care, police and emergency responders, from March 27, 2020 have been operating with reduced office staff. In order to ensure the continuation of work, Kosovo Treasury has compiled a list of essential staff who have been provided with movement permits in order for them to go to the office. Every working day, in the Treasury offices, there are one or two senior management officials and one, two or more (as needed) officials from each division. The rest of the staff works remotely and are very efficient on the answers required of them.
In terms of operating functions, revenues and payments, we can say that from the beginning there were no obstacles and everything is functioning normally. A great advantage for Kosovo Treasury is the fact that KFMIS (Kosovo Financial Management Information System) is directly linked to the payment system of the Central Bank of Kosovo. Therefore, in terms of domestic and international receipts and payments, everything is functioning quickly and without any obstacles. Revenues are received and recorded on time and payments are made without any delay. In addition to regular payments and receipts, during this period, Kosovo Treasury has accepted and executed payments and compensations that are specifically dedicated to COVID-19. Financial statements for 2019 were submitted on time (BEFORE March 31, 2020), revenues, expenses and the daily balance are recorded and reported every day. Via the official e-mail, Kosovo Treasury staff communicates with all budgetary organizations, banks and other institutions as needed. So we can say that even during the current situation of the pandemic, Kosovo Treasury is functioning normally without any interruptions on the workflow and duties of the Treasury.
In order to manage the revenues for COVID-19, Kosovo Treasury, on behalf of the Republic of Kosovo, opened an official bank account dedicated for the receipt and identification of funds dedicated in the fight against the COVID-19 pandemic (loans, grants and donations). The bank account was opened in order to increase transparency and accountability to the public and our partners, regarding the contribution and management of these funds. The opened bank account is part of the Treasury Single Account in the Central Bank of Kosovo. The bank account is operational from April 1, 2020, where all the domestic and international transfers can be performed.
For revenues, allocations and reporting of expenditures for the COVID-19 pandemic, Kosovo Treasury in KFMIS opened a special code for the COVID- 19 project. Through this code in KFMIS, it is possible at any time to generate a revenue and expenditure report for COVID-19. So we can say that even during this pandemic, Kosovo Treasury is functioning normally without any interruptions on the workflow and duties of the Treasury. Fortunately, no one from the Treasury staff is infected with COVID-19.
