1. Role of the Treasury in the Financial System of Uzbekistan

2. Government Budget (STA)
STA Liquidity Flows
Local Budgets
Suppliers of budget organizations and budget recipients
Republican Budget
Suppliers of ГЦФ
Budgets of ГЦФ
Government Budget (STA)

3. Chief Financial Control
Ex-ante and Current Spending Controls
1 stage 2 stage stage
Ex-ante control
Current control
Ex-post control
Division for registration
of legal obligations
Internal Treasury Control
Treasury operations control
of financial obligations
Chief Financial Control
Directorate and its
territorial branches

4. Contract Registration
Budget organization
Treasury
E-contract certified by e-signature
Requirements for contract registration
Treasury officer in charge
Treasury officer in charge of registration of legal obligations
STAFF CONTROL:
Compliance with rules for treasury budget execution
Compliance with budget limits under relevant budget classification
FMIS
E-registration of contract once it is registered by the officer in charge

5. Payment Execution Budget organization Treasury E-payment
Officer, Department of Registration of Financial Liabilities
Budget organization
Treasury
E-proforma invoice and payment request certified by e-signature
E-payment
STAFF CONTROL:
Invoice compliance with payment order and contract
Supplier of goods (works, services)
Bank
FMIS CONTROL:
Compliance of type of good, price, quantity, and value to invoice and contract
Correct legal name and bank references
Funds

6. Prospects for Treasury Development in Republic of Uzbekistan in 2019-2021
IMPLEMENTING TREASURY BUDGET ADMINISTRATION
-Pilot implementation of treasury administration of revenues from public contracts (agreements) entered into by government clients as part of government development programs.
-Dissemination of Treasury budget admintiration across the Republic (2021 – 2022)
EFFECTIVE PUBLIC FINANCE MANAGEMENT
-Introduce a settlement center to manage idle STA cash
- Introduce new tools to manage idle STA cash (purchase and sale of securities under REPO transactions with banks) (2020 – 2022)
FOREIGN CURRENCY ASSET AND LIABILITY MANAGEMENT
- Consolidation of foreign currency resources of budget organizations and earmarked funds in STA by currency types (2019)
- Managing foreign currency transactions and accounting for foreign currency resources of budget organizations and earmarked funds in FMIS (2019 г.)
- Consolidation of foreign currency budget STA inflows (2019.)
- Managing foreign currency transactions and accounting for external debt in FMIS (2019)
- Placing idle STA foreign currency funds in domestic and foreign deposits through their effective management (2021 – 2022)

7. Thank you!