THE TREASURY OF RUSSIA IN THE VANGUARD OF THE REFORM by T. A. Vassel, N. G. Ivanova

“…The research analyses the provisions of the new revision of the Budget Code of the Russian Federation which provides for the formation of the legal basis for the system of the budget (Treasury) payments that will ensure for budget execution to transit from counter to treasury services with a help of single treasury account.The result of the research shows that further reform process of budget payments should take place under the conditions of full implementation of the “Electronic Budget” which allows providing funds management through automation of the cash plan in the budget system of the Russian Federation, a single treasury liquidity management (budget) account, effecting budget payments, the processing of bank statement.…”
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