MONITORING OF TREASURY OPERATIONS
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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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.
