State Treasury

State Treasury Service of Ukraine, formerly State Treasury of Ukraine, is a government agency under the Ministry of Finance which is the central body of the executive power of Ukraine, which implements the state policy in the field of treasury service of budget funds. It is a member of the electronic payment system of the National Bank of Ukraine. Through the Ministry of Finance, the Cabinet of Ministers of Ukraine directs and coordinates the agency's operation. The Treasury of Ukraine was established to carry out state policy in the treasury service of budget funds. It is a part of the system of executive authorities. Tasks The State Treasury of Ukraine coordinates the execution of the Ukrainian State Budget, exercises supervision over it, and administers budget monies, including foreign funding. money, as well as extrabudgetary resources. distributes general government deductions and revenues. of government budget and budgets for taxes, fees, and other necessary payments by the rules authorized by the Verkhovna Rada of Ukraine. The Autonomous Republic of Crimea, oblasts, the cities of Kyiv and Sevastopol; funds the State's expenditures; records the budget's cash execution; and creates a report on the State's and the Consolidated Budget's condition of execution. The State Treasury of Ukraine has accumulated all budgetary cash in its accounts with various banking institutions. History The State Treasury of Ukraine was established by Presidential Decree No.335, dated 27 April 1995, as amended by Presidential Decrees Nos.70/99 and 173/99, dated 27 January 1999, and 15 February 1999, to ensure effective management of funds of the State Budget of Ukraine and increase efficiency in financing expenditures within the limits of available financial resources in the State Budget of Ukraine. The State Treasury of Ukraine was abolished by Decision No.346 of the Cabinet of Ministers of Ukraine on 28 March 2011 on the liquidation of government bodies.