THE ROLE AND IMPORTANCE OF BUDGET TREASURY EXECUTION IN THE BUDGET PROCESS

Аннотация

Budget treasury execution plays a crucial role in the effective management of publicfinances. It ensures that government expenditures are carried out efficiently, transparently, and in accordance with fiscal policies. Treasury execution involves cash management, financial reporting, and control mechanisms that optimize resource allocation and minimize financial risks. By streamlining budget execution, governments can enhance fiscal discipline, improve accountability, and support economic stability. The integration of digital technologies in treasury operations further strengthens financial oversight and enhances publicsector efficiency. Keywords: budget execution, treasury management, public finance, fiscal policy, financial control, government expenditures, cash management, transparency, economicstability Introduction.Budget execution is one ofthe stages ofthe budgetary process at each level of the budgetary system of theRepublicofUzbekistan, which provides for thefull and timely receipt of all budgeted revenues and the financing of all planned budget expenditures according to previously compiled cost estimates and estimates of income and expenses. In the Republic of Uzbekistan, the Decree of the President of the Republic of Uzbekistan dated February 28, 2007 No. PP-594 "On measures for further development of the Treasury execution system of the State Budget" introduced treasury execution of the state budget. For its implementation, the Treasury Department of the Ministry of Finance of the Republic of Uzbekistan (hereinafter Treasury) was organized. Treasury control allows you to focus budget revenues and expenditures ona single treasury account, plan cash flows correctly, carry out primary andongoing control offinancial flows, and executethestatebudget with high efficiency. Analysis andmain results. The importance of organizing budget treasury execution provides for the consolidation of all state budget revenues and state trust funds, as well as budget organizations' revenues from extra- budgetary funds into a single treasury account and the implementation of all their expenditures from this account. This allows for operational control and monitoring of the processes of servicing the state budget, state trust and extra-budgetary funds, extra-budgetary funds of budgetary organizations, and public debt, ensuring the effective use of public funds, and promptly collecting, monitoring, and monitoring information on the movement of public financial resources. The state budget consists of the basic principles of treasury execution – the unity of the cash register and the organization ofaccounting and reporting. Treasury execution of the state budget is carried out by a specially authorized financial body, determined by law, and itsterritorial divisions in theRepublicofKarakalpakstan, regions, districts, andcities. 227 Volume 4, issue 2, 2025 The Treasury occupies a particularly important place in the institutional structure of public finance management, along with other competent authorities. Treasury - accepts the obligations ofrecipients ofbudgetary funds, for goods suppliedtobudgetary organizations, works performed and services rendered, Treasury exercises authority on their behalf and on their behalf and makes payments based on ensuring and monitoring the targeted use of budgetary funds. Treasury execution of the state budget is understood as the execution of the state budget through a single treasury account, which accumulates funds from the state budget, state trust funds and other extra-budgetary funds and within which expenditures are carried out in clearly defined areas, as well as theorganization oftargeted and effectivemanagement of publicfinances. According to the Annex to the Resolution of the Cabinet of Ministers dated March 20, 2007 No. 53 "Regulations on the Treasury of the Ministry of Finance of the Republic of Uzbekistan", the maintasks of theTreasury are as follows: - cash execution of the State Budget, including the distribution of incoming revenues between budgets of different levels, the execution of cost estimates of budget organizations and recipients ofbudget funds, and the preparation ofreports ontheexecution oftheStateBudget; - management of State budget funds held in a single treasury account, ensuring the prevention of cash gaps between revenues and expenditures of therespectivebudgets; - mandatory registration of contracts between budget organizations and recipients of budget funds with suppliers of goods (works, services) from the State Budget and budgets of state trust funds based on control over their conclusion strictly within the amounts and in accordance with theobjectives specified in thecost estimates; - monitoring the optimization of the use of budgetary funds allocated to finance budgetary organizations, including law enforcement agencies, bearing in mind ensuring the quality of contracts concluded by them, their expediency and pricing, while excluding, as a rule, intermed