REPUBLIC OF MOLDOVA - Pempal€¦ · REPUBLIC OF MOLDOVA Moldova is situated in Central Europe, in...
Transcript of REPUBLIC OF MOLDOVA - Pempal€¦ · REPUBLIC OF MOLDOVA Moldova is situated in Central Europe, in...
REPUBLIC OF MOLDOVA
Moldova is situated in Central Europe, in North-Eastern Balkans, it has the area of 33,843.5 km2
Population - 3,563,700 citizens
Capital - Chisinau
Moldova is divided into 35 regional administrative units
Moldova is parliamentary republic
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STATE BUDGET 2010
Revenues – 15.3 bn.lei (1,2 bn.$)
Expenditure s– 19.5 bn.lei (1,5 bn.$)
Deficit – 4.1 bn.lei (-0,3 bn.$) 6,4% of GDP
-5
0
5
10
15
20
SB
15,3
19,5
-4,1
Income
Expenditure
Deficit
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NATIONAL PUBLIC BUDGET 2010
revenues – 25.1 bn.lei (2,0 bn.$)
Expenditure – 29.7 bn.lei (2,4 bn.$)
Deficit – 4.6 bn.lei (-0,4 bn.$) 7,2% of GDP
-5
0
5
10
15
20
25
30
NPB
25,1
29,7
-4,6
Income
Expenditure
Deficit
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1.Establishment and development of the Treasury system
2.Treasury system structure
3.Treasury system functions
4.Treasury Single Account (TSA)
5.Public Finance Management Project
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SUMMARY 1
1. TREASURY SYSTEM CREATION AND DEVELOPMENT
1.1 Legislative and Regulatory norms
Presidential Decree “On State Treasury” (no. 39 of Marth 10, 1993)
Budgetary System and Budgetary Process Law (no. 847-XIII of May 24,1996)
Local Public Finance Law (No 397-XV of October 16,2003)
Annual Budget law
Law on Accounting (No. 113-XVI of April 27, 2007)
Regulations and detailed rules
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1.2 State Treasury Development Stage I
State Budget:
1993 – 1997 Revenues
1998 – 1999 Expenditure
Stage II
2000 – 2001 Administrative-Territorial Units Budgets (ATUB)
Stage III
2004 Compulsory Health Insurance Fund (CHIF)
Stage IV
2006 State Social Security Budget (SSSB)
Stage V
2007 Treasury Single Account (TSA)
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1. TREASURY SYSTEM CREATION AND DEVELOPMENT
* Closing the current accounts of public institutions in
commercial banks and opening current acounts of territorial
treasuries in commercial banks
* Central Treasury Serving - National Bank
Territorial Treasuries Serving - Commercial Banks8
1. TREASURY SYSTEM CREATION AND DEVELOPMENT
Public Institutions
Commercial Banks
Economic Agents
Treasury
2. TREASURY SYSTEM STRUCTURE
2.1 System Treasury creation steps
1993-1997 State Treasury
1997-1998 State Treasury + 12 Territorial Treasuries
2000-2001 State Treasury + 38 Territorial Treasuries
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2.2 Organigram
Ministry of Finance
State Treasury
(41 per.)
Settlement Center
Autorisation Department
Cash Flow Management Department
Accounts Management Directorate
Operational Department
Expenditure Keeping Department
Revenue Keeping Department
Treasury System Development and
Budget Bookkeeping Methodology Dir.
National Public Budget Reports
Directorate
State Budget and National Public
Budget Reports and Analysis Department
Administrative-Territorial Units
Budgets Reports and Analysis Department
Territorial Tresuries(38 units)
(257 per.)
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2. TREASURY SYSTEM STRUCTURE
3. TREASURY SYSTEM FUNCTIONS
3.1 Treasury System role in the budget process
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3.2 Basic functions of The Treasury System
Cash execution of the National Public Budget (SB, ATUB, CHIF, SSSB):
-budget revenues accounting (information from MSTI, CS)
-supervision over the efficiency of budget expenditures
Accounting of state procurements within approved budget limits
Resources Management in TSA
Preparation of periodic forecasts of the state budget and ensures liquidity management
Preparation and presentation of regular reports and operative information on cash execution of the national public budget
Approval of accounting methodology in the budget sector
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3. TREASURY SYSTEM FUNCTIONS
4. TREASURY SINGLE ACCOUNT (TSA)
4.1 TSA formation – correspondent account in AIPS
TSA1.03.2007
1.State Budget (revenues)
3.State Social Security Budget (revenues)
4.Compulsory Health Insurance Fund (revenues)
1.01.2008
1.State Budget
2.Administrative-Territorial Units Budgets
3.State Social Security Budget
4.Compulsory Health Insurance Fund
National Bank
&
Commercial Banks
1.State Budget
2.Administrative-Territorial Units Budgets
3.State Social Security Budget
4.Compulsory Health Insurance Fund
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4.2 Ministry of Finance and AIPS
AIPS
CB
CB
CB
CB
CB
NBM
AIPS
CB
CB
CB
CBCB
MF
NBM
MF
MF In Client Posture MF In AIPS Participant Posture
4. TREASURY SINGLE ACCOUNT (TSA)
15%
85%
NPB balance in 2006
NPB
CB 87,3%
12,7%
NPB balance in 2010
TSA
CB
4.3 NPB balance in TSA
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4. TREASURY SINGLE ACCOUNT (TSA)
4.4 NPB balance structure in TSA
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4. TREASURY SINGLE ACCOUNT (TSA)
SB
54%
ATUB
12%
SSSB
21%
MACIF
13%
SB
ATUB
SSSB
MACIF
4.5 Analitic structure TSA
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4. TREASURY SINGLE ACCOUNT (TSA)
5. PUBLIC FINANCE MANAGEMENT PROJECT
Purpose – improvement of public finance management
Basic Component of the public finance management project:
objective:
a. budgeting methodology
b. budget execution methodology
c. finance management information system
results:
a. modification of the legislative and methodological framework
b. development and implementation of budget classification and single integrated chart of accounts
c. implementation of public finance management information system
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SUMMARY 2
6.Preconditions for electronic payment systems
7. Specific features of interaction between the State Treasury and banking system
8. Functional scheme of the Treasury Single Account with utilisation of electronic payment systems
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6. PRECONDITIONS
Regulatory basis
Public Keys Infrastructure
Banking technologies
Telecommunication
6. PRECONDITIONS
Electronic document and digital signature law -
№264 from 15.07.2004
Regulations on utilization of remote banking
systems – adopted by Decision of the National
Bank of Moldova Council № 376 on 15.12.2005
Regulations on Utilization of Automated Interbank
Payment System – adopted by Decision of the
National Bank of Moldova Council No. 53 on
02.03.2006
6.1 Regulatory basis
6. PRECONDITIONS
• Root CAISS
• Certification and registration authority for government structures
Special Telecommunications
Center
• Certified digital signatures
Ministry of Finance – State Treasury
6.2 Public Keys Infrastructure
6. PRECONDITIONS
Corporate Data
Network
Government network
Moldtelecominfrastructure
6.3 Telecommunications
6. PRECONDITIONS
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6.3 Ministry of Finance network diagram
INTERNET
Customs
Service
NSIA
NHICSTI
TTTT
Legend:
BCC – Backup Computer Center
NBM – National Bank of Moldovei
NSIA – National Social Insurance Agency
NHIC – National Health Insurance Company
STC – Special Telecommunications Center
STI – State Tax Inspectorate
MCC – Main Computer Center
MTC – JSC Moldtelecom
TT – Territorial Treasury
MTC
TT
NBM
Other Ministries and State
Institutions within the
Governamental Network
Mai
n (x
DSL
MTC
)
Bac
kup
(ISDN B
RI M
TC)
Main (xD
SL MTC
)
Backup (ISD
N B
RI M
TC)
Main (xD
SL MTC
)
Backup (ISD
N B
RI M
TC)
Main
(xDSL M
TC)
Backup (ISDN P
RI MTC)M
ain (xDSL M
TC)
Backup (ISD
N PR
I MTC
)
FOCL MCC-BCC (STC)
FOCL MCC-BCC (STC)
MoF
BCC-STC
(external
systems)
MCC-STC (external systems)
STC
Backup D
ial-up
Dial-u
p
DSL
Moldovan Post
Service
MCC
MoF-MCC (LAN)
Backup DSL
BCC
Commercial
Banks
7. FEATURES OF INTERACTION IN DIFFERENT STAGES
Stage I – The Treasury is a client of Bank
System.
Stage II – The State Treasury became the
participant of AIPS
Stage III – Territorial Treasuries are served via
TSA
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7. FEATURES OF INTERACTION IN DIFFERENT STAGES
State treasury
National Bank
Territorial treasuryCommercial
bank
AIPS
CB
CB
CB
CB
CB
NBM
7.1 First stage
7. FEATURES OF INTERACTION IN DIFFERENT STAGES
State Treasury
National Bank
Territorial treasuryCommercial
bank
Settlement center
AIPS
NBM
CB
CB
CB
CB
TREZMD2X
7.2 Second stage
7. FEATURES OF INTERACTION IN DIFFERENT STAGES
State Treasury
Territorial Treasury NSSB/NHIF
Settlement center
7.3 Third stage
National Bank
AIPS
NBM
CB
CB
CB
CB
TREZMD2X
8. FUNCTIONAL SCHEME OF TSA
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