Development of Treasury Technologies: Russian and Foreign Experience

Abstract

This chapter defines the prospects of treasury technologies considering the current financial environment in Russia. The purpose of this chapter is to justify the promising treasury technologies, which improve the quality of budget flows’ management. The authors highlight the mission, role, and values of treasury institute. The evaluation of its functional activity and efficiency as well as the world experience in the development of the institution is provided. Comparative analysis of treasury technology for the implementation of foreign budgets with domestic practice is provided. The need for development of treasury technologies providing the liquidity of “single treasury account” is justified. This chapter suggests expanding the positive experience of the Federal Treasury using treasury technologies to ensure the efficient use of budgetary funds on both, regional and local levels.

Citation

Romanova, T.F., Bogoslavtseva, L.V. and Terentjeva, V.V. (2018), "Development of Treasury Technologies: Russian and Foreign Experience", Grima, S. and Thalassinos, E. (Ed.) Contemporary Issues in Business and Financial Management in Eastern Europe (Contemporary Studies in Economic and Financial Analysis, Vol. 100), Emerald Publishing Limited, Leeds, pp. 71-81. https://doi.org/10.1108/S1569-375920180000100009