Development of Kyrgyz Republic Treasury System: Processes, Procedures, and Regulatory Acts

1. Central Treasury of the Ministry of Finance of the Kyrgyz Republic Kishinev 2016

2. Stages of Development of the Kyrgyz Republic Treasury System

3. Deputy Minister – Director of the Central Treasury Deputy Director Deputy Director Treasury Procedures Methodology Department State Revenue Accounting Department Expenditure Department Banking Services Department Report Consolidation Department Budget Appropriation Registration and Accounting Department Cash Forecasting and Contract Registration Department Structure of the Treasury Systemof the Ministry of Financeof the Kyrgyz Republic 55 Regional Chapters of the Treasury State Enterprise “Info – Sistema“(established in 2009)

4. Law of the Kyrgyz Republic“On the Key Provisions of the Treasury of the Kyrgyz Republic”(1994); • Law of the Kyrgyz Republic“On the Key Principles of Budget Law in the Kyrgyz Republic”; • Regulation on the Ministry of Finance of the Kyrgyz Republic • Instruction on the procedure for opening treasury accounts, getting permits and execution of financial transactions in the process of executing the state budget of the KR; • Instruction on the procedure for maintenance of accounting, allocation and utilization of resources of the KR republican budget; • Instruction “On the Treasury Procedures for Maintenance of Accounting and Reporting” • Instruction onthe procedure for accounting of state budget revenues and revenues received from transactions with assets and liabilities in the Treasury system of the Ministry of Financeof the KR; • Regulation on organization of settlements of the Treasury of the Ministry of Financeof the Kyrgyz Republicwith banking institutions of the Kyrgyz Republic; • Instruction onthe procedure for registration of contracts and budget commitments of institutions funded from the republican or local budget of the Kyrgyz Republic; Regulatory Acts that Regulate Activities of the Treasury System

5. Control over execution of the republican and local budgets; • Tracking the progress of budget execution and presentation of reports on the course of budget execution; • Streamlining banking services for the Government and control over all government bank accounts; • Accumulation of all public funds: including budget and off-budget funds in the national and foreign currencies; • Management and control over all cash flows for the purpose of making timely expenditures; • Development of provisions related to accounting for revenue and expenditure transactions, and control over their utilization; • Development and maintenance of the classification system of the budget and of accounts in compliance with international standards; • Creation of the hierarchical chart of accounts of the Treasury based on a double entry method and in accordance with the budget classification system; • Creation of the efficient internal audit system to ensure proper maintenance of account related to public financial operations; • Development of guidelines and other regulatory documents of the Treasury in connection with maintenance of public financial operations, accounting, public banking operations and internal audit; • Computerization of treasury operations. Statutory Treasury Functions

6. Goals and Tasks Related to Improvement of the Treasury System

7. Көңүлбурганыңызгачоңрахмат!!!Спасибо за внимание!!!Thank you!!!