Seminar of treasury agencies from APEC countries opens in Kazan

A seminar dedicated to development of treasury systems in APEC countries has opened in Kazan today. Acting President of the Republic of Tatarstan Ildar Khalikov attended the first session.

The event is organized by the Federal treasury and RF finance ministry jointly with the World Bank and APEC Secretariat within the confines of Russia’s chairmanship in APEC.

Head of the Russian Federal treasury Roman Artyukhin opened the seminar. He marked that during the event participants from Russia and 21 foreign countries will discuss modernization of treasury systems of APEC economics, “electronic budget” and liquidity management.

According to Roman Artyukhin, total volume of operations implemented by the Federal treasury exceeded 25 trillion roubles in 2011. Placement of available funds as bank deposits brought extra income of 800 mln dollars to the Russian budget in 2011.

RT Premier Ildar Khalikov welcomed attendees of the seminar on behalf of the Tatarstan President, State Council and republican Government. “We are glad to know that such an important event is held in Tatarstan within the confines of Russia’s chairmanship in APEC,” Ildar Khalikov stated.

According to the PM, Tatarstan is one of the leading regions in using information technologies. The idea of creating a state integrated information system to manage public finances “Electronic budget” is being realized in Tatarstan jointly with RF Government.

“Today’s meeting is very useful for Tatarstan since we are implementing many pilot activities in the context of electronic interaction in financial and treasury spheres along with the federal treasury,” Ildar Khalikov said. He informed that a comparative analysis of activity of treasury agencies from countries – members of APEC has been presented today in the main report.

Russia had obtained a unique experience in the treasury sphere in comparison with other countries, the World Bank expert Cem Dener marked. In particular, the payment system has been created within twenty years and there is an opportunity to use a digital signature now. This experience can be rather interesting for other countries and would be discussed during the seminar, Cem Dener said.