A delegation of Uzbek Finance Ministry study experience of Russia in the field of treasury

Tashkent, Uzbekistan (UzDaily.com) -- A delegation of the Ministry of Finance arrived in St. Petersburg to participate in an event organized by the Treasury of Russia on topical issues of treasury support of targeted budget funds investment and development of Treasury information systems.

 

The event is planned to involve representatives of the Treasury of Russia, including the head of the Treasury, the delegation of the Ministry of Finance of the Republic of Serbia and the scientific community.

Following the event, it is planned to discuss a plan of cooperation between the Federal Treasury and the Treasury of the Ministry of Finance of the Republic of Uzbekistan for 2019.

One of the main areas of cooperation is the study of Russian experience in the implementation of treasury support of budget funds for capital investments through treasury personal accounts opened in the Treasury.

The studied Russian experience in treasury budget support showed (implemented since 2016) that the Treasury of the Russian Federation in the implementation of mutual settlements between the customer and the contractor, as well as subcontractors for construction work ensures the establishment of monitoring on the actual implementation of construction works including the acquisition of materials for the construction of the object.

The Ministry of Finance of the Republic of Uzbekistan plans to study the Russian experience for the further pilot implementation of the treasury support mechanism for budget funds in the field of construction. This will ensure transparency of payments, full payment of taxes to the budget, quality control of construction and targeted use of budgetary funds. 

In addition, within the framework of the events, the delegation of the Ministry of Finance of the Republic of Uzbekistan plans to meet with a delegation of the Ministry of Finance of the Republic of Serbia to elaborate issues on establishing bilateral relations on treasury execution.

The event will be held from 8 to 10 November this year in St. Petersburg.

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