The execution time of documents received by the State Treasury has been accelerated twofold.
“Elchi” reports that this was announced at the board meeting of the Ministry of Finance.
At the meeting, the work carried out by the State Treasury Agency and the State Financial Control Service under the ministry, the tasks ahead for the next period, as well as current issues were discussed.
Speaking at the meeting attended by the heads of the ministry’s structural divisions and subordinate bodies, Finance Minister Sahil Babayev stated that as a result of the consistent and purposeful policy implemented in the socio-economic sphere in our country under the leadership of President Ilham Aliyev, macroeconomic stability has been strengthened and financial sustainability has been ensured. It was noted that these factors also had a positive impact on the execution of the state budget, and forecasts for revenues and expenditures were met.
Stating that the positive dynamics in the execution of the state budget continued in January-March 2026, S. Babayev noted that the total revenue for the state budget during the first quarter amounted to 9.6 billion manats, which means an execution with a 5 percent increase compared to the forecast. During the same period, state budget expenditures exceeded 7.8 billion manats.
At the meeting, a report was heard on the work carried out by the State Treasury Agency in 2025 and the tasks ahead. It was noted that the execution time of documents received by the State Treasury has been accelerated by up to 2 times compared to the same period last year, a “Financial Reporting Portal” has been created that provides access to State Treasury data in real-time, and it has been set as a goal for users to obtain operational and accurate information through a single platform via the portal.
At the same time, it was reported that in order to apply modern technologies and accelerate digitalization in the management of public finance, the agency has ensured the centralized management of financial transactions and operational efficiency.
It was stated at the meeting that the creation of service passports for treasury operations has already begun. For this purpose, the services provided by the State Treasury Agency have been unified, 75 types of service operations have been identified, and 12 service passports and 1 manual covering more than 1000 processes and incorporating all services have been prepared. It was noted that this initiative serves to educate budget organizations, improve processes, and also acts as a guide for all employees in treasury operations by mastering the passports.
The chairman of the board instructed the State Treasury Agency to continue measures in the direction of improving electronic systems, including the “Financial Reporting Portal”, strengthening operational control over budget execution, and expanding the possibilities of monitoring the balance of the single treasury account in real-time. At the same time, the importance of continuing the work on preparing service passports for the purpose of applying unified standards for treasury operations, strengthening internal control, monitoring and reporting mechanisms, as well as analyzing and continuously improving processes was emphasized.
The activities of the State Financial Control Service were discussed at the meeting, and it was stated that consistent measures are being taken to strengthen control over the efficient and targeted use of public funds. As a result of the inspections, cases of violation of the requirements of normative legal acts, including excessive and unjustified payments, were detected, and appropriate measures are being taken in this direction.
It was noted that during inspections conducted at 157 control objects in 2025 and the first quarter of 2026, the identified deficiencies were eliminated, financial violations were recovered, the payment of tax-evaded amounts to the state budget was ensured, and excessive expenditures were prevented through preliminary financial control measures. At the same time, administrative and disciplinary measures were taken against officials who violated the requirements of the legislation, and in a number of cases, materials were submitted to law enforcement agencies.
It was emphasized at the board meeting that a risk-based approach and modern analysis methods are widely used to increase the effectiveness of control measures, and the integration of data obtained through the “Digital Public Finance Information System” and other electronic platforms is being strengthened. At the same time, systematic work continues in the direction of improving legislation, preparing new control rules, increasing institutional capacity, and strengthening human resources.
S. Babayev stated the importance of continuing measures to improve the public financial control system, increase the efficiency of control measures, and expand the risk-based approach. For this purpose, it was noted that the expansion of the use of digital information systems and the strengthening of preliminary financial control mechanisms for the early detection and prevention of financial violations are of particular importance.
The Minister gave relevant instructions regarding increasing the effectiveness of measures for the recovery of detected financial violations and strengthening control over execution in this direction, as well as accelerating the work on preparing new rules and methodological recommendations for conducting financial control measures. It was noted that summarizing the data obtained from the Centralized Information Management System in the relevant subsystem to be used in planning control measures and creating an electronic tiered inspection system will make a significant contribution to increasing the operational efficiency and effectiveness of control mechanisms and strengthening transparency.
At the board meeting, a presentation was also shown regarding the status of task execution and reports at the Ministry of Finance, discussions were held, and relevant decisions were made on the raised issues.