Identifier
Created
Classification
Origin
07TASHKENT499
2007-03-28 09:50:00
UNCLASSIFIED
Embassy Tashkent
Cable title:
UZBEKS TO CREATE TREASURY DEPARTMENT
how-toVZCZCXRO7559 PP RUEHDBU DE RUEHNT #0499 0870950 ZNR UUUUU ZZH P 280950Z MAR 07 FM AMEMBASSY TASHKENT TO RUEHC/SECSTATE WASHDC PRIORITY 7296 INFO RUEHAH/AMEMBASSY ASHGABAT 2635 RUEHTA/AMEMBASSY ASTANA 8730 RUEHEK/AMEMBASSY BISHKEK 3229 RUEHDBU/AMEMBASSY DUSHANBE 3102 RUEHBUL/AMEMBASSY KABUL 1857
UNCLAS TASHKENT 000499
SIPDIS
SIPDIS
DEPT FOR SCA/CEN AND EBB
E.O. 12958: N/A
TAGS: ECON PGOV UZ
SUBJECT: UZBEKS TO CREATE TREASURY DEPARTMENT
UNCLAS TASHKENT 000499
SIPDIS
SIPDIS
DEPT FOR SCA/CEN AND EBB
E.O. 12958: N/A
TAGS: ECON PGOV UZ
SUBJECT: UZBEKS TO CREATE TREASURY DEPARTMENT
1. In 2005, the Uzbeks began developing a Treasury Department
system under a presidential resolution to improve the
management of the State budget. The government created
subsidiary treasuries in all provinces and in 2007, according
to a recent press report, plans to create a central Treasury.
According to the resolution, the Treasury will fall under
the Ministry of Finance and will, among other things, execute
budget transfers to the provinces, submit state budgetary
reports, and diminish the misappropriation of public funds.
2. Comment: The Treasury could potentially increase state
budget transparency and act as a watchdog for public funds
usage. This should be good news for government-funded
sectors acting in accordance with the law. Mismanagement of
public funds has been a serious problem, especially before
the sub-treasuries were created. Then, the funds were
transferred through the Central Bank to the provincial
offices. Official recipients would often misuse the funds,
and the public sector and its employees went unfunded and
unpaid. In theory, once the system is implemented fully, we
should see better control over the state budget and more
efficient use of public funds. We will believe it when we
see it.
PURNELL
SIPDIS
SIPDIS
DEPT FOR SCA/CEN AND EBB
E.O. 12958: N/A
TAGS: ECON PGOV UZ
SUBJECT: UZBEKS TO CREATE TREASURY DEPARTMENT
1. In 2005, the Uzbeks began developing a Treasury Department
system under a presidential resolution to improve the
management of the State budget. The government created
subsidiary treasuries in all provinces and in 2007, according
to a recent press report, plans to create a central Treasury.
According to the resolution, the Treasury will fall under
the Ministry of Finance and will, among other things, execute
budget transfers to the provinces, submit state budgetary
reports, and diminish the misappropriation of public funds.
2. Comment: The Treasury could potentially increase state
budget transparency and act as a watchdog for public funds
usage. This should be good news for government-funded
sectors acting in accordance with the law. Mismanagement of
public funds has been a serious problem, especially before
the sub-treasuries were created. Then, the funds were
transferred through the Central Bank to the provincial
offices. Official recipients would often misuse the funds,
and the public sector and its employees went unfunded and
unpaid. In theory, once the system is implemented fully, we
should see better control over the state budget and more
efficient use of public funds. We will believe it when we
see it.
PURNELL