Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Los departamentos del FMI elaboran Notas Tecnicas y Manuales para ampliar la divulgacion de su asesoramiento en materia de asistencia tecnica. Estos documentos presentan recomendaciones y pautas generales, algunas extraidas de informes de asistencia tecnica ineditos, a un publico mas amplio. El lanzamiento de esta nueva serie fue en agosto de 2009.

Macroeconomics. --- Economic policy. --- Law.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This paper discusses the need for reforming budget system laws (BSLs). The outcomes of the budget process depend heavily on whether there are clear rules for formulating, executing, and reporting on the annual budget, as well as a clear statement of medium-term fiscal policy objectives. These rules are usually specified in a BSL. This paper analyzes the relationship between the BSL, the constitution, and the wider legal framework. It also discusses how a BSL should be adapted to a country’s political arrangements.

Budgeting --- Macroeconomics --- Public Finance --- Accounting --- Structure, Scope, and Performance of Government --- National Government Expenditures and Related Policies: General --- National Budget --- Budget Systems --- National Deficit Surplus --- Debt --- Debt Management --- Sovereign Debt --- Forecasts of Budgets, Deficits, and Debt --- Governmental Loans, Loan Guarantees, Credits, and Grants --- Public Administration --- Public Sector Accounting and Audits --- Law and Economics: General (including Data Sources and Description) --- Fiscal Policy --- National Budget, Deficit, and Debt: General --- Budgeting & financial management --- Financial administration & public finance law --- Public finance & taxation --- Public finance accounting --- Budget planning and preparation --- Fiscal law --- Expenditure --- Budget execution and treasury management --- Fiscal rules --- Public financial management (PFM) --- Fiscal policy --- Fiscal accounting and reporting --- Budget --- Finance, Public --- Law and legislation --- Expenditures, Public --- France

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

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.

Finance, Public --- Bank management. --- International finance. --- Management. --- International monetary system --- International money --- Finance --- International economic relations --- Banks and banking --- Management --- Cameralistics --- Public finance --- Public finances --- Currency question --- Accounting --- Banks and Banking --- Public Finance --- National Budget --- Budget Systems --- Public Administration --- Public Sector Accounting and Audits --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Public finance & taxation --- Public finance accounting --- Banking --- Treasury Single Account --- Fiscal accounting and reporting --- Commercial banks --- Government cash management --- United Kingdom

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Well-developed cash management aims to improve government operational efficiency and facilitates better service delivery by ensuring liquidity to meet payment obligations as they fall due. Liquidity, however, comes at a cost. Governments can reduce the cost of maintaining liquidity by proactively managing their cash balance at an appropriate level and prudently investing any excess liquidity. This note discusses the policy framework and processes that governments should put in place to identify, guide, and govern the investment of their surplus cash resources.

Investment of public funds. --- Cash management.