Automation of Azerbaijani State Treasury Agency to be completed
Azerbaijan, Baku, June 1 / Trend N. Ismayilova /
The Azerbaijani Ministry of Finance plans to complete automation of the control system of the State Treasury Agency until August, Finance Minister Samir Sharifov said.
"The automated system is involved in a number of district departments of Treasury. It is expected to cover all major regions of the country till August", minister said.
The new Treasury system is implemented by SAP. The process of automation of the Treasury is carried out within a few years.
Automation of the Treasury is held as a part of the program to improve the work of public sector organizations, and control over the state budget. There will be permanent access to relevant financial information.
Full automation of the Treasury will keep records and conduct treasury operations in real time. As a result, the mechanisms of budget spending will be strengthened. Execution of budgetary operations will be accelerated and quality increased. Given the importance of this project, the Finance Ministry fully renews the central server's state treasury, and creates a system for remote server outside of Baku.
Automation of the Treasury will help budgetary savings and eliminate evidence of concealment of funds from the budget.