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The role of government cash and liquidity management in ensuring sound public finance cannot be overestimated. It serves the higher objective of smooth and timely budget execution and is crucial for the effective and efficient use of public funds. Improving cash management and forecasting practices calls for performance measurement frameworks that can help monitor progress and take timely actions if any deviations or performance shortfalls are recorded. While some countries publish cash management key performance indicators (KPIs), the data on national approaches to measuring cash management performance remains incomplete.

This paper aims to contribute to bridging this knowledge gap and presents the case of Türkiye which has one of the most advanced systems of KPIs in the PEMPAL region, as demonstrated by the recent thematic survey conducted by the Treasury Community of Practice (TCOP). 

The paper was prepared by Barış Can, Deputy General Director, General Directorate of Public Finance, Ministry of Treasury and Finance of Türkiye, and Elena Dobrolyubova, PEMPAL TCOP Resource Team member per request of the PEMPAL TCOP Executive Committee following the Thematic Meeting on Strengthening and Measuring Treasury Performance in Cash Management and Forecasting, in Tirana in 2024.  It responds to the high interest demonstrated by the TCOP members in using KPIs in treasury operations and the experience of Türkiye presented at the meeting.