Delegation of the Ministry of finance of the Republic of Uzbekistan had meetings with the Federal Treasury of Russian federation within the framework of the IV Moscow financial forum.

The working group includes the heads of departments of the ministry under the leadership of the Deputy Minister of Finance of Uzbekistan Shaxrux Sharaxmetov.

Since 2017, a Memorandum on technical cooperation has been in force between the Federal Treasury of the Russian Federation and the Ministry of Finance of the Republic of Uzbekistan. As part of the memorandum, a joint plan for 2018 was agreed. Mutual trips to exchange experience on the issues the development of the sphere have taken place within this period.

During the current visit, negotiations were held with colleagues led by the head of the Federal Treasury of the Russian Federation, Roman Artyukhin and deputy head of the Federal Treasury of the Russian Federation, Alexander Mikhaylik.

- We constantly monitor the ongoing reforms realized by the Russian Treasury in the public sector, these reforms have successfully been implemented into the financial system. We intend to strengthen further interaction,” noted Sh. Sharaxmetov.

The aspects of treasury support of targeted budget funds allocated for capital investments, control over core operations, financial planning of federal and regional budgets, as well as expenses of budget organizations were analyzed in the course of the meeting. The suggestion to invite Russian experts on issues of treasury support and public procurement to Uzbekistan was considered. Also the possibility to invite Russian experts on issues of treasury support and procurement realization to Uzbekistan was considered.

The delegates also got acquainted with the activities of the territorial treasury department in the city of Moscow. An exchange of views took place on issues such as implementation of treasury support for contract and subcontracts, the application of an identifier to them and the procedure for authorizing relevant operations.

At the end of the meeting, the parties signed a Cooperation Plan between the Federal Treasury of the Russian Federation and the Treasury of the Ministry of Finance of the Republic of Uzbekistan for 2019-2020. The document includes further mutual study of the experience of both the Republic of Uzbekistan and the Russian Federation in various areas by organizing visits, interdepartmental exchange of information on legislation and IT systems, and other joint activities.