Article 125. Management of funds on Single treasury account

Ministry of finance of the Republic of Uzbekistan manages the funds on Single treasury account by drawing up short-term forecasts on revenues and expenditures of State budget.

In case of a lack of funds on Single treasury account for the fulfillment of the assumed financial obligations, Ministry of finance of the Republic of Uzbekistan sets State budget expenditure ceiling and, based on it, issues permits to budget organizations and recipients of budget funds to make payments of expenditures.

Procedure for issuing permits to make payments of expenditures is determined by the Cabinet of Ministers of the Republic of Uzbekistan.

Ministry of finance of the Republic of Uzbekistan manages temporary free funds of budgets of the budget system on Single treasury account and other bank accounts.

In case of availability of temporary free funds on Single treasury account, Ministry of Finance of the Republic of Uzbekistan determines the amount of funds that can be placed on deposits in commercial banks.

Procedure for placing temporary free funds of Single treasury account and using the income received from their placement on deposits in commercial banks is specified by the Cabinet of Ministers of the Republic of Uzbekistan.