Treasury Single Account: Concept, Design and Implementation Issues

By Israel Fainboim Yaker, Sailendra Pattanayak

June 1, 2010

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Israel Fainboim Yaker, and Sailendra Pattanayak. Treasury Single Account: Concept, Design and Implementation Issues, (USA: International Monetary Fund, 2010) accessed December 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Banking, Commercial banks, Fiscal accounting and reporting, Government cash management, Treasury Single Account

Keywords: Accounting system, Banking system, Cash balance, Cash management, TSA arrangement, TSA reform, TSA structure, TSA system, WP

Publication Details

Pages:

45
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2010/143
Stock No:

WPIEA2010143
ISBN:

9781455201266
ISSN:

1018-5941

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