Methods of Management of Public Financial Resources

Kamilla G. Abazieva, Svetlana N. Goncharova, Ludmila P. Maslennikova, Dmitry I. Stratan

Abstract


December 2012 marked 20 years since the formation of the Federal Treasury and throughout this period the Treasury of Russia has always been at the forefront of innovation processes. In this article the use of tools aimed to improve the Federal budget execution in terms of management of liquidity of Unified account of the federal budget (Treasury Single account) are studied. The existing mechanism of liquidity management proves its effectiveness and, consequently, the ways of its development and improvement are in existence. The liquidity of the Single Treasury account is the ability of the relevant Treasury single account in a certain period of time to make timely payments of public administration sector. Ensuring the liquidity of the Single Treasury account are developing in the following areas: the functioning of the Single Treasury account, forecasting and cash planning funds from the Federal budget, management of funds of the Federal budget. The implementation of these directions will set a new standard in the process of formation of system of liquidity management of Single Treasury account, will allow in time to assess the liquidity of the Treasury and to make informed decisions on its regulation, will simplify many business processes in the management of public financial resources.

DOI: 10.5901/mjss.2015.v6n3p60


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Mediterranean Journal of Social Sciences ISSN 2039-9340(Print) ISSN 2039-2117(Online)

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