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|English to Russian translations [PRO]|
Bus/Financial - Finance (general)
|English term or phrase: Treasury Commissioner|
|Office of Treasury Commissioners|
Since 1997, a new instrument has been introduced aiming to eliminate the expired debts of budgetary organs, according to the Act XXXVII of 1992 on Public Finance and the Government Decree 217/1998 (XII. 30) on Implementation Rules of Public Finance. The government decree distinguishes between the functioning system of self-government commissioners and the treasury commissioners. In 1997, the Office of Treasury Commissioners was created inside the organization of the Hungarian State Treasury to insure its efficiency.
The Office is organizing the treasury commissionaire system but the Finance Ministry appoints the commissioners and the administrative state secretary approves the office’s Rules and Regulations (activity, financing, appointing process etc.).
According to the regulation, it is mandatory to nominate a treasury commissioner, if the budgetary organization has a debt of more than 50 million HUF or more than 3, 5 % of its appropriation (both when expired the 60 days limit). The budgetary organs are obliged to provide information to the Treasury concerning their expired public (taxes, duties, social contributions) and business debt. Based on these statistics, the Office provides the Finance Ministry, the chapter leaders and the Treasury itself with monthly information summaries.
The appointed treasury commissioner has to clarify the debts´ reasons and prepare a short-term plan to eliminate them. He also has to prepare a monthly report about his action.
Apart from managing the debt, the treasury commissioner initiates a long-term efficiency plan to prevent the budgetary organization from running into debt again. Afterwards the supervising body gives instructions for the activity to be followed. Moreover, it has to control the organization’s activity and it is obliged to report it to the Finance Ministry.
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