MoF/Central Bank: Coordinated Cash Management The Ministry of Finance of the Republic of Azerbaijan State Treasury Agency MoF/Central Bank: Coordinated Cash Management Moscow March 2017

The Financial Stability Board Decree of the President of the Azerbaijan Republic “On Establishing the Financial Stability Board of the Azerbaijan Republic” dated July 15, 2016. Chairman Prime Minister of Azerbaijan Aide of the President on economic Affairs, Minister of Finance, Governor of the Central Bank, Minister of Economy, Chairman of the Board of the Financial Markets Supervision Chamber, CEO of the State Petroleum Fund Members Secretariat functions Central Bank of Azerbaijan Measures to ensure macroeconomic and fiscal stability (quarterly reports to the President of Azerbaijan) Key functions of the Board

Establishment of cash monitoring and short-term forecasting system The system has been established by the decision of the Financial Stability Board Participants – MoF, Central Bank, State Petroleum Fund Objective – day-to-day information exchange on cash monitoring and short-term forecasting to support fiscal procedures aimed at financial stability

MoF responsibilities re. TSA information provision (weekly) Subaсcounts of independent credit allocating entities Social Protection Fund TSA balance, including Agency accounts Projects financed by the State Petroleum Fund Off-budget accounts VAT … other accounts

MoF responsibilities re MoF responsibilities re. national budget execution information provision (weekly) Revenues Expenditures Ministry of Taxation Operating expenditures based on budget classification State Customs Committee Capital expenditures based on economic classification Transfers from the State Petroleum Fund Off-budget revenues generated by budget entities Sovereign debt expenditures … other receipts Total Amount Total Amount

MoF responsibilities re MoF responsibilities re. national budget execution forecasts information provision (weekly, quarterly) Revenues Expenditures Ministry of Taxation Operating expenditures based on budget classification State Customs Committee Capital expenditures based on economic classification Transfers from the State Petroleum Fund Off-budget revenues generated by budget entities Sovereign debt expenditures … other receipts Total Amount Total Amount

Processing of information at the Central Bank Ministry of Finance Central bank State Petroleum Fund Information Information Cash program Financial market transactions

Future plans/issues Ensuring online access to the treasury management information system for public entities and bodies Revise frequency - daily Daily management of cash in TSA Reduce TSA balance