STATE TRASURYSTATE TRASURY

ST was established on the basis of Act No. 291/2002 Coll. on the State Treasury and on Amendment and Supplementation of Certain Laws as amended. ST is a part of Public service – budgetary organisation connected to state budget by Ministry of finance its main goal is to realize Public budget and to concentrate public revenuesrises transparency in entire system of public finance managementenables more effective management of debt and liquiditythe State Treasury System is a primary part of public finance system

State Treasury (ST)State Treasury (ST)

5. Reporting5. Reporting

4. Accounting4. Accounting3. Account managementand payment

system

3. Account managementand payment

system

2. Financial planning

2. Financial planning

1. Concentrationof revenues

and management of expenditures

1. Concentrationof revenues

and management of expenditures

MAIN GOALSST

MAIN GOALSST

Main goals of the Main goals of the State TreasuryState Treasury

State Treasury keeps 7 basic types of accounts:

Expenditure accounts in SKKRevenues accounts in SKKCurrent accounts in SKK and

in foreign currencies (EUR, USD, CHF, CZK, GBP a JPY)

Deposit (term) accounts in SKK and in foreign currencies (EUR, USD, CHF, CZK, GBP a JPY )

Technical accounts of the State Treasury

Bank products of STBank products of ST

967

1101911291

13766

1800920239

0

5000

10000

15000

20000

25000

1

Number of accounts kept in ST

1.1.2004

1.4.2004

1.5.2004

1.7.2004

1.1.2005

30.6.2005

By 30.06.2005 ST kept 20 239 accounts:By 30.06.2005 ST kept 20 239 accounts:

thereof 17 428 active accountsthereof 10 165 budgetary accounts which can by

divided on: 1 145 expenditure accounts9 020 revenue accounts

7 263 current accounts thereof:726 accounts in foreign currency1 444 interest accounts in SKK

Accounts kept in ST by 30.06.2005Accounts kept in ST by 30.06.2005

ST has ST has almostalmost 25 % share on the 25 % share on the slovak clearingslovak clearing

FC 2 283 13 709 15 922 28 892 5 437 34 329HC 1 060 412 5 925 359 6 985 771 11 445 096 2 069 365 13 514 461SUM 1 062 695 5 939 068 7 001 763 11 473 988 2 074 802 13 548 790

Number of realized operations in payment system2004 2005

by 30.06.200

by 31.12.2004

SUMby

30.06.2005by

31.07.2005SUM

FC – foreign clearing

HC – home clearing

Trend Trend ofof sources centralised sources centralised in the State Treasury System (STS) in in the State Treasury System (STS) in

20052005

Sources centralized in STS

Sources of public–legal institutions, public Universities, municipalities

Sources of European communities

0

20 000 000

40 000 000

60 000 000

80 000 000

100 000 000

120 000 000

140 000 000

160 000 000

180 000 000

31.1

2.20

04

31.1

.200

5

28.2

.200

5

31.3

.200

5

30.4

.200

5

31.5

.200

5

30.6

.200

5

31.7

.200

5

in t

ho

usa

nd

SK

K

Structure of STS revenuesStructure of STS revenues

0

100 000

200 000

300 000

400 000

500 000

600 000

700 000

800 000

900 000

1 000 000

in thousa

nd S

KK

Structure of STS revenues in 2004 and by 30.07.2005

Earned - paid interests

Earned – paied fees

Exchange rate differences arised by conversion ECB exchange rates

2004

by 30.07.2005

2004

by 30.07.2005

concentration of revenues and expenditures of State budget, state´s funds budgets, budgetary and contributory organisations, public universities, higher municipalities and Public budgetconcentration of all balances on the State´s treasury Single accountrealization of expenditures of the State and Public budgetassurance of daily liquidity of the State budgetdebt and liquidity managementaccount management and payment system for clientsexecuting of financial plans and reports for Ministry of Finance, Statistical office of SR, NBS and for international organisationsactual information about budget

Acquisitions of the State Treasury Acquisitions of the State Treasury SystemSystem

Direct financial effectsDirect financial effectsState´s budget incomelower price for State´s debt financingcost savings in public finance (refinance system)

Indirect effectsIndirect effectsno fees for transfers between Public budget and revenue accounts for every organisation transfers between Public budget and revenue accounts in one day

positive influence on the country´s ratingincrease of currency system stability

Effects of the State TreasuryEffects of the State Treasury

2003 2003 building of the State Treasury, preparation of legislation

20042004 introduction into operationcreation of database of clients and beneficientspreparing for connecting of clients into STScreation database in parallel system

20052005full operationadaptation of the legislationadaptation of Information system – new products - customers demandscreating of „user´s friendly system“permanent education of users Information systemcooperation with Ministry of Finance in Public service account reform

State Treasury

THANK YOU FOR YOUR THANK YOU FOR YOUR ATTENTIONATTENTION