federal treasury of russia - pempal · the fiscal body sets forth the procedure for the cash plan...
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Federal Treasury Accounts
Single Federal Treasury Account (STA)
RTO 1 RTO 2 RTO 3 RTO 83…...83 accounts of Regional Treasury Offices (RTO)
Foreign exchange accounts
Reserve Fund National Welfare Fund
Transfer of funds for federal budgets cashexpenditures
Refund(cash-concentration)
Purchaseof foreign exchange
Cash transfer to the Funds
Cash transferfrom the Funds
Cash Plan NotionCash plan is the forecast of cash receipts to the budget and
cash payments from the budget within the current fiscal year.
The fiscal body sets forth the procedure for the cash plan compilation and maintenance, as well as the composition of the information necessary for cash plan compilation and maintenance and the terms of this information provision by chief administrators of budget funds, chief administrators of budget revenues, and chief administrators of the budget deficit financing sources.
Budget Code of Russia
Bank of Russia Ministry of Finance of the Russian Federation
Chief administrators of the federal budget deficit
financing sources
Chief administrators of the federal budget
revenues
Chief administrators of the federal budget funds
Federal Treasury
Participants of compilation process of the federal budget execution cash plan
Opening STA balances
Cash Plan Structure
+
-
STA balances at the end of the period
-Cash paymentsCash receipts
Transfer of funds to the bank deposits
Cash refund from bank deposits
Cash payments
Expenditures•Intra-budget transfers•State debt servicing •Grant transfers to institutions •Increase of share value and other forms of participating interest
Payments from budget deficit financing sources
•External debt repayment•Domestic debt repayment
Transfer of oil and gas revenues to a separate account
Chief federal budget funds administrators (CBFA)
Intra-budget transfer expenditures
33 CBFA
Expenditures related to increase of share value and other forms
of participating interest 23 CBFA
Grant transfers to institutions expenditures
41 CBFA
State debt servicing expenditures
1 CBFA
Structure of intra-budget transfers of the federal budget
4%
16%
1%1%
1%
3% 2%
2%
67%
3%
RF Ministry of Energy
RF Ministry of Health Care and social development
Federal Agency for Education
RF Ministry of Agriculture
RF Ministry of Finance
Federal Road Agency
Federal Service for Labour and Employment
RF Emergency Control Ministry
RF Regional Development Ministry
Other CBFA
Chief administrators of the federal budget deficit financing sources
Ministry of Finance of the Russian Federation The Federal Agency for
State Property Management
Chief administrators of the federal budget revenues
Federal Tax Service
Federal Customs Sevice
Ministry of Finance of the Russian Federation
Federal Management for State Property Management
Federal budget revenues structure (%)
44%
7%
48%
1%
Federal CustomsService
Federal Agency for State Property Management
Federal Tax Service
Others
Oil and gas revenues to the federal budget in 2008-2009 (bln RUB)
411,8
254,2240,8
303,1
432,3 435,8
303,4
371,2
328,9
345,4
454,6
368,0
391,4
360,6
309,2
165,3164,7181,2 175,8
199,9
272,4
168,7
277,7295,5
150,0
300,0
450,0
January February March April May June July August September October November December
2008 2009 Planned indicators for 2009
Scheme of transactions related to generation and utilization of the federal budget oil and gas revenues
Single Treasury Account
Reserve Fund Account National Welfare Fund Account
1. O&G revenues2. O&G revenues transfer
O&G revenues account
4. O&G revenues3. O&G revenues
Oil and Gas transfer to the federal budgetin 2008-2009 (bln RUB)
243,6
272,4
309,2
360,6
11,326,8
303,4
371,2
328,9
391,4
345,4368,0
164,7179,1
210,9 210,9 210,9
256,3
0,0
150,0
300,0
2008 2009 Planned indicators for 2009
3 069,0 3 068,4 3 056,5 3 559,2 4 007,2 4 089,32 915,9
2 250,8 2 196,4
20,4 28,3
41,7
47,2 45,7
0,0
1 000,0
2 000,0
3 000,0
4 000,0
5 000,0
на 31
.01.08
на 01
.04.08
на 01
.07.08
на 01
.10.08
на 01
.01.09
на 01
.04.09
на 01
.07.09
на 01
.10.09
на 01
.11.09
остатки на счетах в Банке России финансовые активы
Reserve Fund in 2008-2009 bln RUB.
782,8 773,6 770,6 1 228,92 184,5 2 483,1 2 381,8 2 312,0 2 139,8
432,1 452,4 572,8432,1
400,0
0,0
1 000,0
2 000,0
3 000,0
4 000,0
на 31.01.08на
01.04.08на
01.07.08на
01.10.08на
01.01.09на
01.04.09на
01.07.09на
01.10.09на
01.11.09
остатки на счетах в Банке России финансовые активы
National Welfare Fund in 2008-2009 Bln Rub
On the RF CB accounts
Financial assets
4 007.2 bln RUB 20.4 bln RUB.
On the RF CB accounts
Financial assets
2 184.5 bln RUB 400.0 bln RUB
Reserve Fund 4,027.6 bln RUB
National Welfare Fund 2?584.5 bln RUB
Total income generated as a result of the Funds’ cash administration
in 2008 – 271.1 bln RUB
including: including:
Interest income 205.05 bln RUB
Interest income63.41 bln RUB
Placement income2.63 bln RUB
Reserve Fund and National Welfare Fund as of 01.01.2009
Placement of the federal budget funds in the bank deposits
Transfer of interests accrued on deposited amounts
Placement of the federal budget funds in the bank deposit Transfer of accrued deposit
interests to the federal budget
Moscow RTO(account 40101
Federal Treasury (single account )
Credit organization
Repayment of deposit amounts
Expected revenue before 23.12.2009
5.5 bln RUB
Depositing of funds in 2008-2009
Due for reimbursement
before 23.12.2009252.1 bln. RUB
Deposit gains as of 1.11.2009 29.6 bln RUB
Reimbursed funds as of 1.11.2009
2165.4 bln RUB.
Deposited funds2417.5 bln RUB
Number of banks general agreements concluded with – 32Cases of tardy repayment or non repayment - 0
Clients
4
51
2
3 Funds transfer
Cash payments are made no later than the second working day following
submission of the request for cash spending, refund
and cash receipt
6Daily transfer of
balances
Mobilising temporary free off-budget funds
Federal Treasury Single Federal Treasury Account
Consolidated request
Regional Federal Treasury Offices (off-budget accounts) Payers
Requests for cash spending, refund and cash
receipt
Requests for cash spending, refund and
cash receipt
Local Treasury Offices
Perm Region
Novosibirsk Oblast
Smolensk Oblast
Mobilising temporary available off-budget funds
Federal Treasury Single Account
Total balances of mobilized funds as of 1.11.2009 – 3.8 bln RUB,
inclding:
From 40503account
3.3 bln RUB
From 40302account0.5 bln RUB
Bank electronic immediate payment system (BEIP)• Number of RTOs that are associated participants of BEIP – 79
• The Federal Treasury started to use BEIP on July 15, 2009.
• Number of transactions on funds transfer from the federal budget to the RTOs from July 15, 2009 – 267,including basing on additional requests – 172.
• Volume of RTO accounts replenishment transactions via BEIP system –171.9 bln. RUB
• Min time needed for the Bank of Russia to execute payment in the BEIP system is less than 1 minute.
• Max time needed for the Bank of Russia to execute payment in the BEIP system – 21 minutes.
Federal Treasury Central Bank of the Russian Federation
STA
Possibilities of the BEIP system
4
Regional Treasury Office
Office of the RF Central Bank
RTO accounts
Write-off information
4
32
1
Payment order on behalf of the FT
Budget funds
Information on the funds credit
Payment order for balance refunding