Introduction
The activities in the Treasury of Treasury Single Account consist of two fields of work. The first is liquidity management of state budget, which is primary role of the Treasury. The second field is liquidity management of the Treasury Single Account (TSA). The Treasury manages funds on the accounts of the state budget and indirect budgetary users. Budgetary users are also obliged to assign extra funds as deposits to TSA and can receive loans from TSA.
Treasury of TSA consists of Head office and 2 departments:
- State budget liquidity management department,
- TSA liquidity management department.
State budget liquidity management department,is responsible for planning and analyzing cash flows and liquidity management of the state budget.
TSA liquidity management department.plans and analyzes cash flows of the TSA and budgetary users that are included in the TSA. It offers loans to budgetary users included into TSA and accepts their deposits. This department is also responsible for depositing extra funds of the TSA into banks and for liquidity borrowing from them under the best terms and for giving advises to budgetary users when it comes to cash and liquidity management.
All transactions that occur in the division are supported by back office operations. Back office plays also the main role in the preparation of the division’s budget and takes care of it’s execution). |
