Evolution and prospects for the Development of Treasury Services for Budget execution in the Russian Federation

Safronova Elena Sergeevna

The article is an overview of the key stages of the formation and development of the activities of treasury bodies in the Russian Federation, and also contains a brief overview of changes in the regulatory and legal regulation of treasury activities, structural and functional changes, as well as tools of the Federal Treasury bodies in their development. The processes of the emergence and development of the treasury service system for budget execution are considered, including the prerequisites for the transition to a treasury payment system using the technology of a single treasury account, as well as the advantages of the CEN tool within the financial management system of the public and municipal sector, which include increased efficiency, transparency of calculations, cost reduction during payment transactions, and also, the possibility of obtaining additional income from the placement of temporarily free funds of budgets, increase the liquidity of budget funds management. The current trends in the development of treasury services for budget execution in the Russian Federation are highlighted, which include the further development of the treasury payments system using artificial intelligence technologies, the budgetary practice of placing and borrowing funds in the financial market, possible structural changes, as well as the further spread of the technology of a single treasury account to the entire sector of public administration, and not only for execution budgets.

Keywords:cash execution of budgets, treasury service budget execution, unified treasury account, treasury payments system, budget funds liquidity management, Federal Treasury.