Establish full commitments control for all payments by the Treasury for state ministries and line agencies, close all revenue transit accounts (thereby making the Treasury Single Account fully effective) and move the VAT refund accounting and payment to the Treasury (the tax administration services of the Ministry of Finance will remain in full control of verifying and approving VAT refunds)
At P1R1, by end-June 2004, full commitment control was in place for all state ministries and line agencies, but not for the Social security and Road Funds. Full commitment control was extended to these extrabudgetary agencies in September 2004. In April 2004, the authorities closed all revenue transit accounts in commercial banks and established a treasury singel account. The transit accounts at the NBG have not been closed yet. By end-June 2004, legal provisions to transfer the administration of the VAT refund mechanism were complete and had begun.