The Organization and the Operation of the Treasury System of the Republic of Moldova

Abstract

The Treasury system has become one of the main elements of the Public Financial Management. Currently, the treasury system carries out cash execution of the budget for income and expenses, is responsible for the targeted use of budget funds and optimizes the flow of cash flows, ensures the consolidation of budget funds and their effective management, takes part in the development of budget legislation and monitors its implementation. Increasing government expenditures for the governmental needs, reducing governmental incomes as the results of the population decreased and low businesses' enthusiasm, makes us look for new organizational forms of public financial management. This paper is based on the author' experience in operating and implementing Treasury system in Republic of Moldova.

Keywords

• public financial management
• treasury system
• treasury single account