Public Treasury

The Public Treasury, the paying officer of the Monegasque State, is responsible in particular for the following tasks:

• Putting in place the Administration's chart of accounts and opening the accounting period
• Recording all State expenditure and revenue
• Checking the consistency of accounting allocations
• Preparing and monitoring the overall statement of accounts and the statement for the Constitutional Reserve Fund
• Managing the State's current liquidities
• Managing State coinage stocks
• Managing all bank details for SEPA bank transfers

 Additionally, the Public Treasury is responsible for managing the institution Caisse des Dépôts et Consignations

The Public Treasury is composed of two sections:

The Accounting Section

 This section has to:

• Pay State suppliers, benefits and grants
• Process wages and salaries of civil servants and other Government officials, whether working or retired
• Perform accounting entries
• Ensure balance between various sets of accounts: Budget, work-related accidents fund, Constitutional Reserve Fund
• Draw up statements of accounts
• Perform bank reconciliations

The Banking Section

This section has to:

• Manage the institution Caisse des Dépôts et Consignations
• Through banking institutions, put coins in circulation
• Carry out all cash transactions relating to expenditure
• Verify cash reserves