The Collegium of the Ministry of Finance approved the “Rule of financial transactions through the state treasury and accounting of those transactions”.
Publika.az reports that Minister Samir Sharifov has signed a new decision in this regard.
At the same time, the “Instructions on acceptance of obligations for state budget expenditures” and “Instructions on Treasury accounting of goods, works and services received by budget-financed credit orders” approved by the decision of the ministry dated December 28, 200, were canceled.
According to the new decision, the Ministry of Finance will create a “Green Corridor” system to ensure the implementation of approval powers in carrying out cash expenditure transactions on a number of expenses through special software in order to simplify the conduct of financial transactions on expenses. The ministry will determine the list of costs covered by the “Green Corridor” system.
This system will not be applied to the costs that provide for the payment of the cost of goods, works and services on the basis of a purchase contract or a civil contract in accordance with the Law “On Public Procurement” or the Civil Code. If necessary, the Ministry of Finance can limit the application of the “Green Corridor” system on expenses by assessing the emerging risks.
Also, the procedure for opening and closing treasury accounts for the budget level, provision of cash flow to the state treasury, financial operations related to expenses has been determined. Thus, the details of the treasury accounts will consist of 28 characters and the last 3 digits of the administrative classification codes determined on the single budget classification will be taken into account.
In addition, the scope of the Treasury Information Management System (IMS) has been defined.
The CSI operator will enter the income and expenditure estimates determined by the budget levels into the personal sheets of the treasury accounts of the bodies and institutions by January 10 of each year. The organization can make changes to the personal account within 3 working days, the operator verifies and approves those changes within 2 working days.
The State Treasury Agency under the Ministry was instructed to submit this Decision to the Ministry of Justice for inclusion in the State Register of Legal Acts within 3 days.
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