Digital Tools of the Russian Treasury Are Transforming Financial Management
Real‑time control over federal budget execution is now possible thanks to the expansion of digital services and automated planning systems
Russia continues to modernize its public‑finance management tools. During a meeting with Prime Minister Mikhail Mishustin, Roman Artyukhin, head of the Federal Treasury, outlined the results of the agency’s digital transformation, which has already significantly improved the quality of budget execution.
According to Artyukhin, federal budget execution in 2025 is unusually balanced — a result made possible by the development of digital services and automated planning systems. All processes, from cash‑flow planning to fulfillment of obligations, occur electronically through large state digital platforms such as Electronic Budget and the unified procurement system. These platforms enable real‑time monitoring of fund movements and provide full visibility into the outcomes of every contract.
A unified treasury payment system and a single treasury account have been created, through which the entire cash flow of the budget system passes. This allows regions to earn additional income from the placement of temporary budget balances. This year alone, regions received the equivalent of $3.1b.
Public Procurement Under Control
With the introduction of electronic digital contracts and electronic certificates of completed work, the Treasury can now automatically verify work volumes, compliance with cost estimates, and deadlines. The system processes about 2 million contracts and 15 million work‑completion acts each year.
Price Monitoring and Import Substitution
The Treasury has also strengthened digital oversight of expenditures. A new price‑monitoring system identifies risks of cost inflation at the document‑preparation stage. Treasury IT systems run exclusively on solutions developed by Russian specialists and on Russian software. The migration of federal clients to domestic software is complete, and regional and municipal institutions — which hold treasury accounts — are now being migrated. This transition is accompanied by a review and optimization of business processes.
Russia’s digital treasury has become one of the country’s most technologically advanced federal agencies and a key instrument for managing public finances.
