1. STATE TRASURY

2. ST was established on the basis of Act No. 291/2002 Coll. on the State Treasury and on Amendment and Supplementation of Certain Laws as amended. ST is a part of Public service – budgetary organisation connected to state budget by Ministry of finance its main goal is to realize Public budget and to concentrate public revenues rises transparency in entire system of public finance management enables more effective management of debt and liquidity the State Treasury System is a primary part of public finance system State Treasury (ST)

3. MAIN GOALS ST 1.Concentration of revenues and management of expenditures 2. Financial planning 1.Account management and payment system 4. Accounting5. Reporting Main goals of the State Treasury

4. State Treasury keeps 7 basic types of accounts: Expenditure accounts in SKK Revenues accounts in SKK Current accounts in SKK and in foreign currencies (EUR, USD, CHF, CZK, GBP a JPY) Deposit (term) accounts in SKK and in foreign currencies (EUR, USD, CHF, CZK, GBP a JPY ) Technical accounts of the State Treasury Bank products of ST

5. By 30.06.2005 ST kept 20 239 accounts: thereof 17 428 active accounts thereof 10 165 budgetary accounts which can by divided on: 1 145 expenditure accounts 9 020 revenue accounts 7 263 current accounts thereof: 726 accounts in foreign currency 1 444 interest accounts in SKK Accounts kept in ST by 30.06.2005

6. ST has almost 25 % share on the slovak clearing FC – foreign clearing HC – home clearing

7. Trend of sources centralised in the State Treasury System (STS) in 2005 Sources centralized in STS Sources of public–legal institutions, public Universities, municipalities Sources of European communities

8. Structure of STS revenues Earned - paid interests Earned – paied fees Exchange rate differences arised by conversion ECB exchange rates 2004 by 30.07.2005 2004 by 30.07.2005

9. concentration of revenues and expenditures of State budget, state´s funds budgets, budgetary and contributory organisations, public universities, higher municipalities and Public budget concentration of all balances on the State´s treasury Single account realization of expenditures of the State and Public budget assurance of daily liquidity of the State budget debt and liquidity management account management and payment system for clients executing of financial plans and reports for Ministry of Finance, Statistical office of SR, NBS and for international organisations actual information about budget Acquisitions of the State Treasury System

10. Direct financial effects State´s budget income lower price for State´s debt financing cost savings in public finance (refinance system) Indirect effects no fees for transfers between Public budget and revenue accounts for every organisation transfers between Public budget and revenue accounts in one day positive influence on the country´s rating increase of currency system stability Effects of the State Treasury

11. 2003 building of the State Treasury, preparation of legislation2004 introduction into operation creation of database of clients and beneficients preparing for connecting of clients into STS creation database in parallel system2005 full operation adaptation of the legislation adaptation of Information system – new products - customers demands creating of „user´s friendly system“ permanent education of users Information system cooperation with Ministry of Finance in Public service account reform State Treasury

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