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Treasury Single Account: Concept, Design and Implementation Issues
Author:
Israel Fainboim Yaker
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Sailendra Pattanayak
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Series:
IMF Working Papers
Volume/Issue:
Volume 2010: Issue 143
Language:
English
Publication Date:
01 Jun 2010
DOI:
https://doi.org/10.5089/9781455201266.001
ISBN:
9781455201266
ISSN:
1018-5941
Pages:
45
Keywords:
WP; TSA structure; cash balance; TSA system; cash management; accounting system; banking system; TSA arrangement; TSA reform
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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A treasury single account (TSA) is an essential tool for consolidating and managing governments’ cash resources, thus minimizing borrowing costs. In countries with fragmented government banking arrangements, the establishment of a TSA should receive priority in the public financial management reform agenda. Drawing on the lessons of the Fund’s work in several countries in establishing a TSA, this paper explains its concept, essential features, and potential benefits. It also presents alternative models and approaches for designing a TSA that take into account specific country contexts as well as the preconditions and desirable sequencing for its successful implementation. Finally, the paper includes country examples from different regions in support of the analysis and recommendations.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2010: Issue 143