Public Account 2018

Methodological Aspects

According to the provisions of article 95 of Law 24,156 of Financial Administration and Control Systems of the National Public Sector, and its amendments, this section includes Table #33 – Statement of the Treasury of the Central Administration.

This Table, directly taken from Integrated System of Financial Information, shows the evolution of the accounts balances within the Cash and cash equivalents of the Treasury, with a detail of the initial balances, inflow and outflow of funds according to the origin of the transaction and resulting balances of the different accounts involved.

The information included was taken from the accounting and auxiliary statements generated by the accounting system, on the basis of the accounts movements which form the item Cash and cash equivalents, under the current accounts plan, by Disposition 20/13 of the National Accounting Office, as informed by those responsible for the records.

Taking the information provided by the system, the transactions which motivated debt and credit in said accounts were grouped, and the operations among them were consolidated.

This statement includes every financial flow registered during the term that goes from January 1 to December 31, 2018, for any concept, and the balances are exactly the same as the ones in the accounting statements part of the Public Accounts.

Due to the operation of the Single Account of the Treasury (C.U.T.), the final balance of the Banks account includes balances in the C.U.T. of the deed accounts of Decentralized Bodies which at closing of fiscal year 2018 were part of the same. The counterpart for these balances, which constitute funds held by those entities, is registered as a current liability of the Central Administration in the Third Parties Funds account, within the C.U.T. As of December 31, 2018 said amount was $ 34,097,427,953.89.

Furthermore, a new collection and payment methods have been implemented which will help revenue and payment transactions without funds movements, not impact the cash and cash equivalents accounts, or impact on accounts regulating the item. Nevertheless, some operations will still affect the item cash and cash equivalents, as long as every body of the National Administration has not entered the e-SIDIF or has adapted to the system as a whole.

To this respect, it is worth mentioning that as from this fiscal year the registrations collected or paid by Linked Operation – “OV” have been excluded from the table, due to the fact that those operations do not involve any funds movement. As for the methodology of budget and accounting registration defined for the financial information system, these operations are registered through a combination of resources and expenses receipts, without affecting the cash and cash equivalents.

Similarly to the previous fiscal year, due to the enhancement introduced to the e-SIDIF, it is no longer necessary to make an adjustment in the Statement of the Treasury coming from said system of those resources which have suffered a change in the perception method because of having been collected through deferred cheques, later deposited in a bank account.