Treasury Single Account

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.Liquidity management;Treasury management;Revenues;Payment systems;Payments arrangements;Government expenditures;banking, payments, bank accounts, cash management, banking system, rtgs, banking services, cash flows, checks, bank account, accounting systems, banking sector, payment system, accounting system, credit, banking network, electronic fund, clearing house, bank of england, electronic banking, settlement system, bank branches, banking infrastructure, retail banking, custody, decentralization, savings bank, management information system, banking systems, cash flow statements, banking practices, cash payments, banking business, banker, bank transfer, banking operations, bank acts, national bank, automated clearing house, real time gross settlement, bank statements, clearing systems, banking transaction, banking fees, current ? accounts, retail transactions, government finance, credit cards, settlement risk, administrative cost, bank fees, banking service, prices, banking industry, royalties, clients, bank records, interbank money market, bank checks, pension payments, banking institution, bank activity, banking facilities, protocols, banking transactions, check processing, bank charges, bank system, bank of indonesia, penalties, clearing system, bank services, banking companies, time deposit, revenue sharing, interbank market, cash flow forecasting, bank statement, internal control, banking technologies, banking networks