Treasury Single Account: Concept, Design and Implementation Issues

Israel Fainboim Yaker and Sailendra Pattanayak

No 2010/143, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; TSA structure; cash balance; TSA system; cash management; accounting system; banking system; TSA arrangement; TSA reform (search for similar items in EconPapers)
Pages: 45
Date: 2010-06-01
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Citations: View citations in EconPapers (9)

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