Publications

This analytical note was prepared following the discussions of the TCOP Thematic Group on Cash Management in Vienna in November 2023 and presents a rationale for including or excluding certain types of public funds in the boundaries of the Treasury Single Account (TSA).

The paper briefly revisits the definition of TSA and then addresses why consolidation across the general government sector is important, including for the coverage of the TSA. It systematically reviews the sources of finance that should be included in a TSA with a particular focus on the funds beyond central government taxes and non-tax receipts. It also identifies the types of funds that would typically be excluded from the TSA and provides reasons why. Finally, it provides a strategy for expanding coverage of the TSA.

The note is not an official World Bank document and does not represent the official views of the World Bank, rather it is designed to be a practical tool including examples and tips for public financial management officials to consider.