MONITORING OF TREASURY OPERATIONS
undefinedCOMMITTEE OF THE TREASURY SERVICE UNDER THE MINISTRY OF
ECONOMY AND FINANCE OF THE REPUBLIC OF UZBEKISTAN
MONITORING OF TREASURY
OPERATIONS
Legal basis of state financial control
The procedure and principles of state financial control are established
by articles 170-179 of the Budget Code of the Republic of Uzbekistan.
Bodies of state financial control:
:
Accounts Chamber of the Republic of Uzbekistan
(
UzASBO,
IFMIS, Central Bank IT system, State Tax Committee, State Customs Committee,
Ministry of Justice, etc
.)
;
Ministry of Economy and Finance of the Republic of Uzbekistan
including
,
-
Treasury Service Committee (FMIS)
;
- Inspectorate of State Financial Control
(UzASBO, IFMIS
)
;
- Tax Committee
(
State Tax Committee IT system
)
.
Methods of state
financial control
:
By scope of work:
- full control;
- selective control.
In the direction of the goal and subject
of control:
- comprehesive control;
- thematic control;
- alternative control.
.
Types of state financial
control
:
Preliminary control
(Financial authorities, Treasury, State Tax Committee
);
Ongoing control
(
Treasury, State Tax
Committee
)
;
Final control
(
Accounts Chamber, SFCI
)
.
Treasury Service Committee under the Ministry of Economy and Finance of the Republic of Uzbekistan
STRUCTURE
Department of
fulfillment of
financial
obligations
Department for Analysis,
Accounting and Monitoring
of Treasury Execution of the
State Budget
Vice Chairman of the Committee
Chairman of the Committee
Public
Procurement
Monitoring
Department
Department of
Forecasting and
Management of
Financial
Resources
Regional divisions:
-
Departments of the Treasury Service of the Republic of Karakalpakstan, regions and the city of
Tashkent – 14
-
District (city) departments of the Treasury Service - 208
Department of
Improvement and
Analysis of Public
Procurement
Treasury Service Committee
Distribution of functions by departments
Department for Analysis,
Accounting and
Monitoring of Treasury
Execution of the State Budget
Department of Improvement
and Analysis of Public
Procurement
Financial Obligations
Fulfillment Department
Management of funds of the
Single Treasury Account:
- receipts;
- term deposits;
- Fund "Kafolat"
Preliminary
control
-
Coordination of the public
procurement system;
-
Registration of legal obligations
(contracts) of the budgets of the
budget system
.
-
Registration of financial
obligations (invoices) of the
budgets of the budget system;
- Payment of payment documents
Preliminary
control
Public Procurement
Monitoring Department
Preliminary
control
Financial Obligations
Fulfillment Department
- Monitoring of treasury
operations;
- Coordination of budgetary
processes;
- Information analysis;
- Budget accounting and
reporting.
Processes of execution of budgets of the budget system
staffing
Costings
Payroll
Payrolls
(plastic, cash)
Application
Payment
documents
Electronic
statement
(plastic)
Check
(cash)
Registered by financial
Registered by financial
authorities
authorities
1
.
Bank
Treasury
Department
Note:
Note:
:
:
BBS-budgets of the budget system
BBS-budgets of the budget system
“FMIS” - Information system of public finance management
“FMIS” - Information system of public finance management
“
“
UzASBO
UzASBO
”
”
–
–
Software complex for conducting budgetary accounting and reporting by
Software complex for conducting budgetary accounting and reporting by
budgetary organization
budgetary organization
Registered by financial
Registered by financial
authorities
authorities
BBC
BBC
BBS
BBS
BBS applications are automatically
BBS applications are automatically
accepted by the PC "FMIS".
accepted by the PC "FMIS".
BBS payment documents are
BBS payment documents are
automatically accepted in the
automatically accepted in the
PC "FMIS".
PC "FMIS".
BBC
BBC
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9
1.9
1.9
1.10
Cashier
1.9
Budgets of the budget
system
Costings
Payment order
(prepayment)
Planned
schedule
Contract
Treasury
Department
Invoice
Invoice
Invoice sending system
Budgets of the budget
system
Payment order
(settlement)
Prepayment
Prepayment
UZASBO FAKTURA
Estimated payment
Estimated payment
After the registration of invoices in the
After the registration of invoices in the
PC "FMIS" funds are automatically
PC "FMIS" funds are automatically
transferred from the exchange account to
transferred from the exchange account to
the supplier's account.
the supplier's account.
BBC
BBC
BBC
BBC
After the delivery of goods (services), invoices are sent to budget customers via
invoice.uzasbo.uz.
Invoices are sent to
Invoices are sent to
PC FMIS
PC FMIS
for registration. At the same time, invoices of
for registration. At the same time, invoices of
contracts concluded through electronic commerce are registered automatically.
contracts concluded through electronic commerce are registered automatically.
Others are accepted by Treasury staff.
Others are accepted by Treasury staff.
Registered by financial
Registered by financial
authorities
authorities
BBC
BBC
2
.
2.1
2.2
2.3
2.4
2.5
2.6
2.8
2.9
2.10
2.11
2.7
2.12
2.13
As soon as the contracts
As soon as the contracts
concluded through
concluded through
electronic sales are
electronic sales are
registered in the
registered in the
PC
PC
FMIS, payments to the
FMIS, payments to the
commodity exchange
commodity exchange
are made automatically.
are made automatically.
2.7/1
Payment Information
Payment Information
Estimated payment is
Estimated payment is
formed according to
formed according to
the invoice
the invoice
2.11
2.13
Contracts are sent to PC "FMIS".
Contracts are sent to PC "FMIS".
At the same time, contracts drawn up in electronic
At the same time, contracts drawn up in electronic
trading are registered automatically.
trading are registered automatically.
commodity
exchange
Provider
BBC
BBC
Department for Analysis, Accounting and Monitoring of Treasury Execution of
the State Budget
Ministries and departments
Subjects of monitoring:
- State procurements;
- Financial obligations;
- Management of financial
resources;
- Accounting and reporting of the
state budget.
Activity
:
-
Implementation of cameral monitoring of the
treasury execution of the state budget;
-
Analysis of errors and identification of risks,
including risk prevention through amendments to
legal documents and improvement of the information
system;
-
Implementation of the evaluation and rating system
.
Treasury
Department
Monitoring object:
Budgets of the budget system
Information
Electronic data
Ensuring targeted spending of
budgetary funds through constant
monitoring of the treasury execution of
the state budget, prevention of
offenses, as well as the introduction of
automatic control functions.
Target
FINANSIAL
CONTROL
Long-term goals
Integration of the information system of the Ministry of
Economy and Finance with the “SWIFT” system.
Planned tasks
Expected Result
Improving the process of making payments in foreign
currency, including the prevention of corruption risks
as a result of automation.
Coverage of all unitary enterprises whose founders are
budgetary organizations with treasury services, as well as
full coordination of processes for their expenses.
Reduction of corruption risks as a result of cost control of
unitary enterprises whose founders are budgetary
organizations and electronification of all processes.
The transfer to the private sector of the activities of the
commission for consideration of complaints in the field of
public procurement, including the consideration of
complaints received by the commission, as well as the
adoption of decisions on entering into the register of
unscrupulous participants.
Reducing the time for consideration and approval of
complaints in the field of public procurement, reduction
corruption risks when considering complaints, as well as
making fair, independent, objective decisions as a result
of considering complaints.
Implementation of a system for advanced training and
certification of employees in the field of financial
accounting, as well as employees of internal audit of
ministries and departments.
Prevention of cases of violations in the budgetary process
and ensuring the management of budgetary funds by
qualified specialists.
Abbreviations
U
z
A
S
B
O
–
s
o
f
t
w
a
r
e
f
o
r
a
u
t
o
m
a
t
i
o
n
o
f
t
h
e
p
u
b
l
i
c
a
c
c
o
u
n
t
i
n
g
a
n
d
r
e
p
o
r
t
i
n
g
b
y
spending units
;
I
F
M
I
S
–
P
u
b
l
i
c
F
i
n
a
n
c
i
a
l
M
a
n
a
g
e
m
e
n
t
I
n
f
o
r
m
a
t
i
o
n
S
y
s
t
e
m
o
f
t
h
e
M
i
n
i
s
t
r
y
o
f
E
c
o
n
o
m
y
and Finance of the Republic of Uzbekistan
;
S
F
C
I
–
S
t
a
t
e
F
i
n
a
n
c
i
a
l
C
o
n
t
r
o
l
I
n
s
p
e
c
t
i
o
n
u
n
d
e
r
t
h
e
M
i
n
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s
t
r
y
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o
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o
m
y
a
n
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F
i
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a
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c
e
.
Thank you for your attention!
The state financial control system in Uzbekistan is governed by the Budget Code and involves various bodies such as the Accounts Chamber, Ministry of Economy and Finance, and Treasury Service Committee. It includes methods like full control and selective control, types such as preliminary and ongoing control, and departments like Treasury, State Tax Committee, and Public Procurement Monitoring. The structure of the Treasury Service Committee comprises different departments responsible for managing financial resources, fulfilling obligations, and monitoring budget execution. Various functions are distributed among departments to ensure effective monitoring of treasury operations, coordination of budget processes, and fulfillment of financial obligations. The processes of budget execution within the system are closely monitored and managed.
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Presentation Transcript
COMMITTEE OF THE TREASURY SERVICE UNDER THE MINISTRY OF ECONOMY AND FINANCE OF THE REPUBLIC OF UZBEKISTAN MONITORING OF TREASURY OPERATIONS
Legal basis of state financial control The procedure and principles of state financial control are established by articles 170-179 of the Budget Code of the Republic of Uzbekistan. Bodies of state financial control:: Accounts Chamber of the Republic of Uzbekistan (UzASBO, IFMIS, Central Bank IT system, State Tax Committee, State Customs Committee, Ministry of Justice, etc.); Ministry of Economy and Finance of the Republic of Uzbekistan including, - Treasury Service Committee (FMIS); - Inspectorate of State Financial Control (UzASBO, IFMIS); - Tax Committee (State Tax Committee IT system). Methods of state financial control: By scope of work: - full control; - selective control. In the direction of the goal and subject of control: - comprehesive control; - thematic control; - alternative control.. Preliminary control (Financial authorities, Treasury, State Tax Committee); Ongoing control (Treasury, State Tax Committee); Final control (Accounts Chamber, SFCI). Types of state financial control :
Treasury Service Committee under the Ministry of Economy and Finance of the Republic of Uzbekistan STRUCTURE Treasury Service Committee Chairman of the Committee Vice Chairman of the Committee Department of Forecasting and Management of Financial Resources Department of fulfillment of financial obligations Department for Analysis, Accounting and Monitoring of Treasury Execution of the State Budget Public Procurement Monitoring Department Department of Improvement and Analysis of Public Procurement Regional divisions: Departments of the Treasury Service of the Republic of Karakalpakstan, regions and the city of Tashkent 14 District (city) departments of the Treasury Service - 208 - -
Distribution of functions by departments Department of Improvement and Analysis of Public Procurement - Monitoring of treasury operations; - Coordination of budgetary processes; - Information analysis; - Budget accounting and reporting. - procurement system; - Registration of legal obligations (contracts) of the budgets of the budget system. Coordination of the public Preliminary control Public Procurement Monitoring Department - obligations (invoices) of the budgets of the budget system; - Payment of payment documents Registration of financial Financial Obligations Fulfillment Department Preliminary control Department for Analysis, Accounting and Monitoring of Treasury Execution of the State Budget Management of funds of the Single TreasuryAccount: - receipts; - term deposits; - Fund "Kafolat" Financial Obligations Fulfillment Department Preliminary control
Processes of execution of budgets of the budget system Budgets of the budget system BBC 1. 1.3 1.2 1.1 1.9 Payrolls Costings staffing Payroll (plastic, cash) Registered by financial authorities Registered by financial authorities PC "FMIS" BBC 1.4 1.9 Electronic statement (plastic) Application BBS applications are automatically accepted by the PC "FMIS". BBS 1.5 Treasury Department 1.6 1.7 Payment documents BBS payment documents are automatically accepted in the PC "FMIS". 1.8 PK FMIS Bank 1.9 Cashier Check (cash) 1.9 1.10 Note:: BBS-budgets of the budget system FMIS - Information system of public finance management UzASBO Software complex for conducting budgetary accounting and reporting by budgetary organization
2. Registered by financial authorities PC "FMIS BBC BBC Budgets of the budget system 2.1 2.3 2.2 Planned schedule Costings Contract Contracts are sent to PC "FMIS". At the same time, contracts drawn up in electronic trading are registered automatically. Estimated payment 2.13 2.4 Treasury Department BBC 2.5 Provider Payment order 2.6 Prepayment 2.7 (prepayment) BBC Estimated payment is formed according to the invoice 2.12 2.11 PC FMIS Payment order Payment Information 2.7/1 (settlement) 2.10 2.11 As soon as the contracts concluded through electronic sales are registered in the PC FMIS, payments to the commodity exchange are made automatically. commodity exchange After the registration of invoices in the PC "FMIS" funds are automatically transferred from the exchange account to the supplier's account. 2.13 Invoices are sent to PC FMIS for registration. At the same time, invoices of contracts concluded through electronic commerce are registered automatically. Others are accepted by Treasury staff. 2.9 UZASBO FAKTURA 2.8 After the delivery of goods (services), invoices are sent to budget customers via invoice.uzasbo.uz. Invoice Invoice sending system
Department for Analysis, Accounting and Monitoring of Treasury Execution of the State Budget Activity: Subjects of monitoring: - Implementation of cameral monitoring of the treasury execution of the state budget; - State procurements; - Financial obligations; - Analysis of errors and identification of risks, including risk prevention through amendments to legal documents and improvement of the information system; FINANSIAL CONTROL - Management of financial resources; Ministries and departments -Accounting and reporting of the state budget. - Implementation of the evaluation and rating system. Information Monitoring object: Budgets of the budget system Ensuring budgetary monitoring of the treasury execution of the state budget, offenses, as well as the introduction of automatic control functions. targeted funds spending of through constant Treasury Department Electronic data prevention of Target
Long-term goals Planned tasks Expected Result Improving the process of making payments in foreign currency, including the prevention of corruption risks as a result of automation. Integration of the information system of the Ministry of Economy and Finance with the SWIFT system. Coverage of all unitary enterprises whose founders are budgetary organizations with treasury services, as well as full coordination of processes for their expenses. Reduction of corruption risks as a result of cost control of unitary enterprises whose founders are budgetary organizations and electronification of all processes. The transfer to the private sector of the activities of the commission for consideration of complaints in the field of public procurement, including the consideration of complaints received by the commission, as well as the adoption of decisions on entering into the register of unscrupulous participants. Reducing the time for consideration and approval of complaints in the field of public procurement, reduction corruption risks when considering complaints, as well as making fair, independent, objective decisions as a result of considering complaints. Implementation of a system for advanced training and certification of employees in the field of financial accounting, as well as employees of internal audit of ministries and departments. Prevention of cases of violations in the budgetary process and ensuring the management of budgetary funds by qualified specialists.
Abbreviations UzASBO software for automation of the public accounting and reporting by spending units; IFMIS Public Financial Management Information System of the Ministry of Economy and Finance of the Republic of Uzbekistan; SFCI State Financial Control Inspection under the Ministry of Economy and Finance.
