Article 161. General provisions

Budgetary accounting is an orderly system for collecting, registering and summarizing information on the state of assets and liabilities in monetary terms that is taken into account in the execution of budgets of the budget system, as well as transactions that cause changes in these assets and liabilities.

Budgetary reporting is a generalized system of data on the state of assets and liabilities, compiled on the basis of budget accounting data in accordance with established forms.

Unified methodology for budgetary accounting and budgetary reporting is established by Ministry of finance of the Republic of Uzbekistan in accordance with this Code, budgetary accounting standards, and other legislative acts. Budgetary accounting standards are approved by Ministry of finance of the Republic of Uzbekistan.

Budget organizations can apply intradepartmental acts that provide detailed budgetary accounting in compliance with a unified methodology for budgetary accounting and budgetary reporting.

Budgetary accounting of the execution of budgets of the budget system is carried out by:

financial authorities;

treasury units;

state tax authorities and customs authorities;

budget organizations;

spending units of state trust funds.

Budgetary accounting of the execution of State budget and budgets of state trust funds is carried out on a cash basis method.