About project

The consolidated account management system of the state treasury (VIKSVA) was created in order to efficiently manage the state's monetary resources, to organize the activities of the state treasury and to provide access to the payment infrastructure to state budgetary institutions, public institutions, financial institutions established and managed by the state (VIKSVA participants). The system will make it possible to manage state funds more rationally and efficiently - to use temporarily free liquidity, to reduce short-term borrowing and borrowing costs, and to invest available funds. For VIKSVA participants, this means ensuring high-quality, transparent, operative service.

A VIKSVA participant who has opened an account in the state treasury is guaranteed the opportunity to freely dispose of the institution's funds, have the required number of accounts, perform payment operations, form payment templates or receive account statements and perform other actions common in electronic banking. It is planned to continuously develop the system, implement instant payments and other functional options.

The principle of the single treasury account is one of the most widely applied models in the field of public finance management, especially in advanced countries that seek to increase the efficiency of the management of state monetary resources by consolidating the collection and management of state funds in a common system. This principle is applied by almost all member states of the Organization for Economic Co-operation and Development (OECD).