The Slovak State Treasury together with the Debt and Liquidity Management Agency contributed to the historically first 30 billion SKK (820 million EUR) decrease in the Slovak public debt. Since 2005, all the state budget-financed institutions and some of the public sector institutions have their funds conducted on so called Treasury Single Account. Funds-centralization led to state debt savings of nearly 7 billion SKK (200 million EUR).
The key State Treasury operations of account and expenditure management, financial planning and payment execution are carried out by specific State treasury information system (STIS) software modules delivered by QBSW, a.s. The number of STIS clients rose to approx 1.700 in 2005 and the daily transaction count comes routinely to six-digits-figures.
(13.04.2006)