Main areas of work undertaken by the Hungarian State Treasury (hereinafter, Treasury) include:
- Execution and control of the central budget;
- Financial services;
- Management of funds allocated by applications, debt management;
- Registration of budgetary institutions;
- Management of the central payroll calculation;
- independent financial control of the local authorities.
The Treasury performs its various activities through the Headquarters and County Directorates.
On the one hand the Treasury keeps a register about the implementation of the state budget act and performs financial control. On the other hand it provides different financial services to its clients.
The Headquarters of the Treasury manages issues related to the implementation of the central budget and tasks related to the financing and reporting obligations of the budgetary institutions. The County Directorates of the Treasury manage economic and financial processes of local governments, and the administration of benefits for private individuals. (Family benefits, housing subsidy scheme, support to household-energy costs.)
As part of its activities the Treasury performs various controlling and control functions both at the Headquarters and at the county offices.
Tasks of the Treasury are the following:
In the field of the central budget execution the Treasury :
Keeps records of the appropriations, changes and performance of the central budget, the extra- budgetary funds and the social security funds.
Prepares cash-flow operations related to the use of budgetary appropriations.
Performs responsibilities regarding the preparation of final accounts in term of administration, registration, data collection and supply, coverage assessment and control.
Provides information for budgetary institutions, the chapters and the Ministry for National Economy about budgetary appropriations and their performance, prepares analyses about the development of the budget.
In the field of central budget the Treasury :
Prepares daily reports on the development of the revenue and expenditure accounts, the position of the central budget.
Keeps accounts and prepares reports concerning national incomes and expenditures of the State.
Keeps records of commitments and claims of the State.
Forecasts the consolidated balance of revenue and expenditure accounts of the budgetary institutions belonging to the scope of the Treasury and other accounts managed by the Treasury, participates in the liquidity management of the Single Treasury Account.
Makes available due grants for budgetary institutions and provides for the financing of the chapter-managed appropriations.
Registers commitments of the budgetary institutions falling within the scope of the public procurement law. Follows the debt position of the central budgetary institutions having treasury budget, manages the system of the treasury commissioners and participates in the control of the financial consolidation of the health care system.
Performs tasks concerning the mortgage and restraint of alienation on behalf of the Hungarian State.
Determines and controls citizens' right for support to household-energy consumption.
Performs tasks originating from the financial relation between the central budget and local governments, provides for the processing, recording and data supply from planning to reporting.
Performs remitting, accounting, controlling and data-supply tasks related to the normative state contributions of non-governmental human service providers (education and social services).
In the field of budget financing the Treasury:
Participates in the preparation and updating of the budget's annual and mid-term financing plans.
May provide liquidity loans from the recourses of the central budget for the Health Insurance Fund, Pension Insurance Fund, Extra Budgetary Funds, Local Governments and the Regional Development Councils.
In the field of financial services the Treasury:
Keeps accounts for institutions belonging to the scope of the Treasury and for other account holders and keeps records of the central budgetary revenues and expenditures.
Performs financial management tasks related to the disbursements and revenues collection, controls the expenditures in terms of liquidity coverage, their technical and formal aspects including public debt monitoring.
Provides for the cash management of the budgetary institutions, account holders in the HST and clients with securities in the Treasury.
Operates cash replacing payment system.
Provides the clients with security brokerage and supplementary investment services for debt securities issued by the state.
Participates in the fulfillment of tasks of the Hungarian State related to co-operation with and membership in international Financial Institutions
Acts as an authorized body regarding funds transferred or paid to the Hungarian State.
Operates foreign currency accounts.
Carries out tasks related to funds transferred or paid for the Hungarian State.
Provides budgetary, executing, control and financing functions concerning the Structural and Cohesion Funds of the European Union as defined by legislation and international agreements.
In the field of grant and debt management the Treasury:
Operates the Treasury Monitoring System in order to monitor allowances paid from the central budget by applications. Participates in carrying out the financial management, control tasks and debt management regarding the application system of state aid appropriations.
In the field of registration of budgetary institutions the Treasury:
Similar to the business registration manages the registration book of the budgetary institutions based on the deed of foundations. (Newly founded central budgetary units may only open account with the Treasury if their registration has been carried out.)
In the field of Payment of Benefits from budgetary resources the Treasury:
Adjudges and controls private individual entitlements related to energy consumption.
Children born after 1st January 2006 are eligible for a so called Start support. The Treasury keeps records of this support and disburses it for children having a Start account (Baby Bond).
In the field of centralized payroll calculation the Treasury:
The Treasury operates the centralized payroll calculation, which is a standardized labour, administrative, procedural and information system taking into account sector specific professional features defined by law. In the field of public finance accounting of professional allowances of employees and contributions charged to employers are carried out by this system.