Treasury/cash management

A TSA is established and controlled by the ministry of finance (MoF)/treasury

Review of the national legislation and documentation defining the structure of treasury bank accounts. Assessment of data from the MoF/treasury, verified through interviews and independent reports, such as other diagnostics and SAI reports. Use of a TSA, or accounts that are centralised at a single bank, usually the Central Bank, facilitates the consolidation of bank accounts. In case there is no TSA, regular consolidation of multiple bank accounts not held centrally will generally require making timely electronic clearing and payment arrangements with the government’s bankers.

Coverage of the TSA (%)

Review of the national legislation and documentation defining the structure of treasury bank accounts. Assessment of data from the MoF/treasury, verified through interviews and independent reports, such as other diagnostics and SAI reports. Use of a TSA, or accounts that are centralised at a single bank, usually the Central Bank, facilitates the consolidation of bank accounts. In case there is no TSA, regular consolidation of multiple bank accounts not held centrally will generally require making timely electronic clearing and payment arrangements with the government’s bankers. Assessment of the coverage should be at central government level (ministries and agencies, excluding any social funds). Points are allocated based on the number of budget organisations that have separate bank accounts not controlled by the MoF/treasury (x). • x > 10 = 0 points. • 10 ≥ x > 0 = linear function. • x = 0 = 4 points.

Entities collecting most central government revenue transfer the collections daily into accounts controlled by the treasury

Review of the national legislation and documentation defining the structure of treasury bank accounts. Assessment of data from the MoF/treasury, verified through interviews and independent reports, such as other diagnostics and SAI reports. Use of a TSA, or accounts that are centralised at a single bank, usually the Central Bank, facilitates the consolidation of bank accounts. In case there is no TSA, regular consolidation of multiple bank accounts not held centrally will generally require making timely electronic clearing and payment arrangements with the government’s bankers.

All central government bank balances are consolidated at least daily

Review of the national legislation and documentation defining the structure of treasury bank accounts. Assessment of data from the MoF/treasury, verified through interviews and independent reports, such as other diagnostics and SAI reports. Use of a TSA, or accounts that are centralised at a single bank, usually the Central Bank, facilitates the consolidation of bank accounts. In case there is no TSA, regular consolidation of multiple bank accounts not held centrally will generally require making timely electronic clearing and payment arrangements with the government’s bankers.