Subject The article considers the determinants of developing the Russian treasury system's design based on different types of economies and their key components, including the management of budget liquidity and a treasury single account being a tool to manage and control the movement of public financial flows. Objectives The study aims to review the results of liquidity management of the Federal Budget's single account and evaluate the efficiency of the new design of the Russian treasury system in the context of anticipated extra revenues therefrom. Methods I employ a dialectical, systems and institutional approaches, and statistical techniques. Results Additional revenues from placing the temporarily free Federal Budget's funds in such instruments as deposits, including bank deposits denominated in rubles and foreign currencies, repurchase agreements (REPO), as well as from interest payment for the use of public budget loans by governmental units are very insignificant in the total revenue of the Federal Budget. The use of these financial instruments under budgetary liquidity accumulation in the single bank account of the Russian Federal Treasury will not enable a substantial inflow of additional revenue from the budgets of the budget system of the Russian Federation. Conclusions A new design of the Russian treasury system aimed at new opportunities for budgetary liquidity management will be effective only if the range of financial instruments applied by the Russian Federal Treasury is expanded.
Keywords: treasury system, budgetary liquidity management, single treasury account, extra revenue, additional income
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