Sholdarov Dilshod Azimiddinovich,
PhD, Associate Professor, Department of Budget Accounting and Treasury,
Tashkent Institute of Finanсe, Tashkent, Uzbekistan
Email: sholdarov_dilshod@tfi.uz
ORCID: 0000-0001-9020-8697.
Inoyatov Mardonbek Mo’min o’g’li,
Teacher of the “Budget accounting and treasury work” department, Tashkent Institute of Finanсe, Tashkent, Uzbekistan
Email: inoyatovmardonbek@gmail.com
ORCID: 0009-0007-6518-871X
Abstract. This article analyzes the introduction of the treasury system in our country and the achievements as a result of it. Based on the results of the analysis, the prospects for further development of the system are presented. The essence of treasury activity, its working mechanism, its current state, its role in state finances, and innovations in the system are discussed. The stages of implementation of the treasury system and the tasks assigned to it are also shown. The efficiency resulting from the assigned tasks is shown. In our country, it was possible to effectively organize the treasury execution of the state budget only after we began to obtain indicators of sustainable development. Effective reforms are being introduced in the public finance management system of the Republic of Uzbekistan. We can say that the positive results of such reforms were clearly manifested in the effective implementation of the state budget treasury. The treasury execution of the state budget envisages the accumulation of all revenues of the state budget and state special funds, as well as the receipts of budget organizations from extra-budgetary funds into a single treasury account and the implementation of all their expenses from this account. This is to carry out rapid control and monitoring of the state budget, extra-budgetary funds, extra-budgetary funds of budgetary organizations, state debts and their servicing processes, to ensure the effective use of state funds, the correct movement of state financial resources. Based on current modern economic innovations, it can be said that the practical work of effectively organizing the budget process cannot be imagined outside of the control of the treasury. After all, the treasury system attracts budget revenues and expenses to a single treasury account and controls the effective, correct and reasonable spending from this account. Today, automation of work in the system is envisaged by reducing the number of states in the treasury system.
Key words: budget system, finance, state budget, state budget management, treasury