Republic of Moldova State Treasury Cash Management. Summary. Legislative and Regulatory norms ; Treasury Single Account (TSA); The tools and the processes of management of the liquidity ; Issues and difficulties. Why this t opic is so important for R epublic of M oldova ?.
Legislative and Regulatory norms;
Treasury Single Account (TSA);
The toolsand the processes of management of the liquidity;
Issues and difficulties.
Because of CASH SHORTAGESwe face.
Budgetary System and Budgetary Process Law (no. 847-XIII of May 24,1996);
Annual Budget Law;
Methodological norms regardingthe execution of theNational Public Budget (order of Ministerof Finances no. 109 of August 26, 2011);
Agreement concerning bank services provbided to the Ministry of Finances of Republic of Moldova by the National Bank (december 5, 2007);
Public finance and fiscal responsability Law (draft).
TSA creation – correspondent accountin AIPS
NPB balance structure in TSA
Analytical structure of the TSA
Priorities for financing;
Receiving/Granting loans from/to budgets, managed in TSA, to cover the temporary cash gap;
To increase liquidities are attracted to the service thru Treasury and other entities;
Placements in deposit of the free temporary balance.
Forecasts (annual, monthly, daily).
Approval of expenditures;
Monthly distribution of expenditures;
Creation of payment documents;
Submission of payment documents to treasuries;
Receiving of payment documents;
Developed of cash needs documents grouped by economical classification;
To submit the cash needs documents to the finance divisions;
Financing the expenditures according to the cash needs documents .
Annual (State Budget)
Monthly, dividedin weeks (SB,NPB)
Daily (because of cash shortages)
Sourcesof deficit financing
Revenues administrators-information about income expectation
Revenues and expenditure forecast
Cash Flow Forecast
Government debts are managed outside the Treasury;
Foreign-financedprojects, public institutionsand agenciesare managed outside the Treasury;
The Law does not allow to get credits from financial instituitions;
The LB, SSSB, HIF accounts are in the TSA, but we can use the sources only through the borrow contracts;
The lack of trainings;