Treasury bodies of the Republic of Belarus MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS Treasury bodies of the Republic of Belarus Kishinev June 2016

1991 1993 1998-1999 Structure of the MST Current status The Republic of Belarus gained political and economic independence Establishment of the Main State Treasury (MST) (as part of the Ministry of Financeв составе of the Ministry of Finance) 27 persons Establishment of territorial offices of the State Treasury Number of employees in treasury bodies is 593 persons Data processing center of the Ministry of Finance (332 persons, work places are arranges in all administrative-territorial units) Structure of the MST Budget execution office Cash receipts and budget commitments office Budget accounting and reporting office Отдел совершенствования бухгалтерского учета и отчетности сектора государственного управления Current status 7 offices for obalsts and for the city of Minsk 128 chapters in districts (cities) Ministry of Finance of the Republic of Belarus Enterprise subordinated to the MoF

Development of the treasury system of the Republic of Belarus 1993 Creation of the system of state treasury bodies Introduction of TSA 1998-1999 Creation of the second tier of the treasury system – territorial state treasury bodies Creation of the automated state treasury system 2000-2006 Further expansion of coverage of financial resources (budgets of the Common State, Social Protection Fund, innovation funds, local budgets) with treasury technologies 2010 The Republic of Belarus joined the Customs Union, duties are allocated among budgets of Customs Union member countries 2011 Implementation of an electronic document 2015-2016 Transfer to treasury execution of public off-budgetary funds, off-budgetary revenue and expense estimates of certain public bodies Implementation of the centralized automated system for collection and consolidation of reports on budget execution At present Improvement of treasury technologies

Functions of treasury bodies Forecasting cash flows and asset management in the TSA; Allocation of taxes, fees (duties) between the republican and local budgets, of customs duties between budgets of states that are members of the Eurasian Economic Union; Repayment, off-set of amounts overpaid to the revenue of the republican budget; Inter-budget transfers; Control over budgetary authorities and obligations; Payments on behalf of budget funds adminstrators (recipients); Accounting for transactions and preparation of reports on execution of the budget; Convergence of the national accounting and reporting system in the public governance sector with IPSAS; Cash-based execution of local budgets, budgets of state off-budgetary funds, budget of the Common State, off-budgetary funds estimates of certain public bodies; Methodological regulation of issues related to treasury execution of budgets.

Areas of Treasury Activities Development (are included in the Reform Strategy of the public finance management system determined by Decree of the Government of the Republic of Belarus as of 23.12.2015, No. 1080) Expansion of coverage of public funds accumulated in the TSA; Improvement of mechanisms for free TSA cash balance forecasting and management; Enhancement of efficiency of accounting and control in the process of execution of расходных обязательств; Creation of the public procurement information system; Convergence of the national accounting and reporting system in the public governance sector with IPSAS; Development and implementation of the single chart of accounts integrated with the budget classification; Improvement of approaches to execution and accounting of public finance.

Main results of reforms Creation of modern and efficient public finance management mechanisms Implementation of the new FMIS on the basis of advanced ICT Key risks Political Loss of support and interest in conducted reforms from the side of high positioned officials Human resource Insufficient qualifications of the staff members involved in implementation of reforms

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