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Cash Flow Forecasting - Vienna, Austria November 7-9, 2018

Join the Republic of Croatia Ministry of Finance at the PEMPAL TCOP Cash Management Thematic Group Meeting in Vienna, Austria. Discuss cash flow forecasting and learn about budget planning and execution.

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Cash Flow Forecasting - Vienna, Austria November 7-9, 2018

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  1. Republic of Croatia Ministry of Finance PEMPAL TCOP Cash Management Thematic Group Meeting – Cash Flow Forecasting – Vienna, Austria November 7-9, 2018

  2. MINISTRY OF FINANCE STATE SECRETARY GENERAL SECRETARIAT Human Resources, Legal CABINET OF THE MINISTER Affairs and Information Sector STATE TREASURY Public Procurement , General and Technical Affairs Sector Sector for the preparation and drafting of the Sector for the construction and maintenance State Budget Proposal of border crossings State Budget Execution Finance and Accounting Sector Sector IT Sector State Accounting and Non-Profit Organisation Accounting Sector DIRECTORATE FOR MACROECONOMIC ANALYSES , Sector for National Fund Operations EU AND INTERNATIONAL FINANCIAL RELATIONS Internal Control Harmonisation Sector Institute for Macroeconomic and Fiscal Analyses and Forecasts Sector for Financing EU and Local and Regional International Financial Relations Sector Self-Government Units DIRECTORATE FOR THE ECONOMY AND FINANCIAL Service for Normative and Legal Affairs SYSTEM Legal Affairs DIRECTORATE FOR PUBLIC DEBT MANAGEMENT Sector for Concessions and State Grants Sector for SOE Debt and Risk Management Business Analyses Sector Sector for the Financial System Sector for the compensation of seized property DIRECTORATE FOR FINANCIAL MANAGEMENT, Sector for legal and IT support INTERNAL AUDIT AND SUPERVISION Financial Inspectorate OFFICE FOR THE PREVENTION OF MONEY LAUNDERING Sector for Financial and Budget Supervision INDEPENDENT SECTOR FOR SECOND-INSTANCE Service for Internal Audit and Internal ADMINISTRATIVE PROCEDURE Supervision Fraud and Deviations INDEPENDENT SECTOR FOR ISSUING WORK Service PERMITS AND SUPERVISION OF CERTIFIED AUDITORS AND AUDITING FIRMS CUSTOMS TAX ADMINISTRATION ORGANISATION Department for State Budget Financial Flow Planning • Develops forecasts of state budget cash flows and forecasts of the structure and amount of budget expenses, which include information on the planned expenditures, principal and interest payments, and the issued guaranties • Analyses the budget categories required for state budget liquidity forecasting • Monitors and records the monthly, weekly and daily liquidity plan execution • Develops daily simulations of monthly financial flows relative to the paid expenses and expenditures, and realized income and receipts Department for State Budget Financial Flow Management • Suggests the possible schemes for shortfall financing and possible investments of temporary cash surpluses from the state budget account with short-term bank deposits in domestic and foreign currency • Monitors balance movements in the state budget account, in domestic and foreign currency

  3. CADRES AND DATA SOURCES INCOME EXPENSES TSA FINANCIAL AGENCY (FINA) CROATIAN NATIONAL BANK SPENDING UNITS SECTOR FOR INTERNATIONAL FINANCIAL INSTITUTIONS DEPARTMENT FOR STATE BUDGET FINANCIAL FLOW PLANNING INSTITUTE FOR MACROECONOMIC ANALYSES AND PLANNING FMIS TAX ADMINISTRATION NATIONAL FUND SECTOR PUBLIC DEBT ADMINISTRATION FORECASTS AND EXECUTION IN THE PREVIOUS PERIOD

  4. TIMEFRAME AND SCOPE – Monthly liquidity forecast

  5. MONTHLY BALANCE FLUCTUATIONS INCOME EXPENSES BALANCE

  6. BASIC TOOLS – EXCELLWORKSHEETS – MANY

  7. TOOLS AND SOFTWARE FOR FORECASTINGFMIS INTERNET CROATIAN NATIONAL BANK FINANCIAL AGENCY (FINA) SUPPLIER REQUEST SINGLE ACCOUNT REGISTRY FOREIGN PAYMENTS PAYMENTS IN HRK CENTRAL STATE TREASURY SYSTEM SAP WEB APPLICATIONS MASTER DATA MANAGEMENT BW-BUSINESS WAREHOUSE BUDGET EXPLANATIONS INCIDENT AND CHANGE MANAGEMENT SYSTEM BUDGET CLASSIFICATIONS R/3 TRANSACTION SYSTEM GATEWAY FISCAL IMPACT ASSESSMENT BUDGET USERS FINANCIAL MANAGEMENT INFORMATION SYSTEM INTERNETBROWSER SAP REGIONAL TREASURY

  8. ACCURACY AND PRECISION – INCOME AND RECEIPTS FORECASTS, EXPENDITURE AND EXPENSES FORECASTS – 2018 SEMIANNUAL BUDGET EXECUTION EXPENDITURE plan EXPENDITURE execution Jan.18 Feb.18 Mar.18 Apr.18 May.18 Jun.18 Jan.18 Feb.18 Mar.18 Apr.18 May.18 Jun.18 RECEIPTS plan RECEIPTS execution EXPENSES plan EXPENSES execution Jan.18 Feb.18 Mar.18 Apr.18 May.18 Jun.18 Jan.18 Feb.18 Mar.18 Apr.18 May.18 Jun.18

  9. FORECAST INFORMATION USERS

  10. INFORMATION ON THE SIGNIFICANT BUDGET EXPENSES PAYMENT PLAN

  11. CHALLENGES AND ISSUES AMENDMENTS TO THE DECISION ON FINANCING EXTENSION OF MATURITY “URGENT” PAYMENTS STATE GUARANTEE COMMITTMENTS, ON ACTIVATION SPENDING PLANNED FUNDS AT THE END OF THE YEAR INABILITY TO PLAN THE INFLOW OF EU FUNDS WITH MORE PRECISION MATURITY MISMATCH BETWEEN FOREIGN CURRENCY ASSETS AND LIABILITIES

  12. Questions and comments? THANK YOU FOR YOUR ATTENTION!

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