The Ministry of Finance has proposed a system of total control over all participants in treasury payments

09:49; 08 April 2025 year

The Ministry of Finance of the Russian Federation has prepared large-scale amendments to the Budget Code, which introduce a system of total control over all participants in treasury payments. These changes are aimed at strengthening supervision over the movement of budget funds and increasing the transparency of financial transactions.

The reform significantly expands the powers of the Federal Treasury, introduces new payment monitoring mechanisms, and tightens document management requirements. It also provides for increased responsibility for violations in the field of budget payments.

The main purpose of the innovations is to prevent misuse of public funds, increase the effectiveness of control over their spending and optimize treasury support processes. As a result of the implementation of the new system, it is expected to significantly accelerate inspections and reduce the risks of financial irregularities.

However, these changes will lead to an increase in the burden on the accounting departments of organizations working with budgetary funds. They will need to provide staff training and adapt internal processes to meet new legal requirements. Experts believe that the reform will significantly affect the work of government agencies and organizations involved in the execution of government contracts, making financial flows more transparent and protected from possible violations.

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