IMPACT OF EFFICIENCY AND TRANSPARENCY OF TREASURY ACTIVITIES ON GOVERNMENT PAYMENT
Authors
Abstract
The Treasury is accounted for by a specially organized financial system and is responsible for the fulfillment of all financial obligations. In modern times, it is the main tool in the implementation of the budget process and is becoming one of the most efficient financial systems. Its role and position in the financial system of each state are balanced, since the main tasks of the treasury are organized on the basis of the economic and social obligations of the state, and the main essence of the treasury's activities is directed and focused on government financial powers. From this point of view, improving and increasing the level of efficiency of the treasury is considered one of the main financial goals, and ways to develop and improve its activities are among the important financial issues of the country. This article presents the role and status of the treasury system in the financial structure of the Republic of Tajikistan. The influence of its effectiveness on the liquidity of public finances is proved. The revenues, expenditures and budget deficit for the last decade are analyzed and the rates of its growth are explained. Also, based on the analysis of the budget, the reasons for the low and untimely collection of the budget were identified, the reason for the decrease in the state payment was described. Problems that exist in the treasury system depending on internal and external factors are identified, and opinions and recommendations of foreign scientists on these problems are presented. Also, on the basis of these recommendations, scientific proposals were presented on the identified problems and ways to prevent and improve the treasury system related to these were recommended problems.
Keywords
treasury, efficiency, transparency, Single Treasury Account budget income, budget expenses, macro-efficiency, shortage of monetary means, surplus of monetary means, modernization, optimization, financial instruments.
References
1. Boboev M.U., Akbarova N.A. The current state and prospects for the development of the treasury system of the Republic of Tajikistan // Bulletin of the Tajik National University. Series of socio-economic and social sciences 2022. №. 8. – 358 p. (p.217-224)
2. Bril D.V. Innovations in the development of the Federal Treasury // Financial magazine. 2012. №2. URL: https://cyberleninka.ru/article/n/novatsii-v-razvitii-federalnogo-kaznacheystva. Date of access: 20.02.2023
3. Bogoslavtseva L.V. Problems of managing the liquidity of a single treasury account at the present stage // Financial research. 2014. No. 4 (45). URL: https://cyberleninka.ru/article/n/problemy-upravleniya-likvidnostyu-edinogo-kaznacheyskogo-scheta-na-sovremennom-etape (date of access: 14.06.2023). Date of access: 20.02.2023
4. Demidov A.Y. “Improving the efficiency and effectiveness of the functioning of the executive authorities of Russia (on the example of the Federal Treasury) abstract of the thesis …Doctor of Economics. State. acad. Innovation. Moscow 2009. (р. 22-25)
5. Rezinkin M.A. Development of the treasury system for the execution of budgets in Russia: abstract of the thesis …candidate of economic sciences: 08.00.10./ Saratov 2013:Dateofaccess: 23.03.2023.
6. Tkachenko R.V. Legal mechanisms for managing temporarily free funds of the federal budget. Bulletin of the University named after O.E. Kutafina (mgyua). 2018; (9) р: 55-65.
7. Law of the Republic of Tajikistan “On the Treasury” of January 2, 2020, No. 1674,Dushanbe // http://mmk.tj
Publish date
2026-03-28