TSA and Cash management function in Albania

Slides:

Advertisements

Similar presentations

Reserve Bank Of India To regulate the issue of bank notes. To maintain reserves with a view to securing monetary stability. To operate the credit & currency.

Advertisements

Budget Execution; Key Issues

Treasury and Cash Management Bill Dorotinsky, PRMPS Budget Execution Course January 16-17, 2003.

1 TREASURY DEPARTMENT MINISTRY OF FINANCE THE GOVERNMENT OF MONGOLIA.

Balance Sheet Workspace Practice Problems. Problem 1 The US Treasury borrows from the nonbank public by selling them US Treasury securities. The nonbank.

Financial Management System in Albania

PJSC CB PRIVATBANK Karina Demchenko IE-10a Alfred Nobel University Dnipropetrovs’k, Ukraine.

Financial Systems Generalizations. The Four Institutions  The Ministry of Finance (MOF)  The Central Bank (CENT BANK)  The Commercial Banks (COMMBANK)

Functions and Forms of Banking Outline –What is a bank? –What do banks do for their customers? –Why do banks perform those services? –How do banks compare.

Treasury Single Account System in Georgia Joni Babilodze Pem-Pal, Istanbul Feb 24-28, 2008.

Deployment of IT System Presentation of Mrs. Tetyana Slyuz Head of the State Treasury of Ukraine.

Supervision and Oversight in Procurement as a Tool of Efficient Project Implementation.

© 2007 Worth Publishers Essentials of Economics Krugman Wells Olney Prepared by: Fernando & Yvonn Quijano.

T r a n s p a r e n t f a s t r e l i a b l e

© OECD UKRAINE GOVERNANCE ASSESSMENT © OECD Sigma Ukraine governance assessment Public Expenditure Management

STATE TREASORY DEVELOPMENT STRATEGY Ministry of Finance Republic of Croatia.

Personal Finance SECTION 5.2. Types of Savings Plans  Regular Savings Accounts  Certificates of Deposit  Money Market Accounts  U.S. Savings Bonds.

Financial Management. Goals of Financial Management Wealth Maximisation Maximisation of Profit- Maximisation of Earning per share- Maximisation of return.

Module 1.2 Introduction to the Budget Cycle

Asset Structure Assets Cash on Hand and in Current Accounts 86 Deposits Maturing within one Month441 Balances with the Central Bank57 Government Debt Instruments412.9.

MONETARY POLICY INSTRUMENTS IN THE REPUBLIC OF CROATIA Monetary policy.

Copyright © 2008 Pearson Addison-Wesley. All rights reserved. Chapter 1 Introducing Money and the Financial System.

Ministry of Finance of the Republic of Moldova of March 2016.

Managing Personal Finance – Unit 402. Learning Objectives By the end of the session you will: 1.Create a budget plan to track your finances 2.List the.

BY: FAIRUZ CHOWDHURY LECTURER, BRAC BUSINESS SCHOOL.

M O N T E N E G R O Negotiating Team for the Accession of Montenegro to the European Union Working Group for Chapter 17– Economic and Monetary Policy Bilateral.

TCOP GROUP 1 1. OUTLINE Countries present: Turkey, Bulgaria, Macedonia, Albania, Romania, Indonesia, France, (World Bank) Question 1: External conditions.

Financial Management Resource and Research Society November, 2014 Cash Management Reform The Way Forward in Central Government.

1. 2  Strategy of public finance management for  Law on public finance and budget and tax responsibility # 181, of ;  Law on.

Public Expenditure Management Peer Assisted Learning Reports on Execution of the National Public Budget Kishinev, Moldova June 1-3, 2016.

Kishinev 2016 MINISTRY OF FINANCE OF THE REPUBLIC OF TAJIKISTAN.

Job Description: Financial Controls & Budgeting: Perform company’s budgeting, forecasting, costing, cost allocation and analysis, review of pricing are.

Ministry of Finance of the Republic of Moldova of June 2016.

T-Bills , T-Notes, T-Bonds

Treasury of the Republic of Kazakhstan

Operations to Manage Balances in the Treasury Single Account

Cash management and forecasting The relationship between the Ministry of Finance and the Central Bank of Montenegro Marija Popović Branka Rogošić Pavle.

HASMIK STEPANYAN April

Ministry of finance and Central bank of RM (NBRM)

The Ministry of Finance of the Kyrgyz Republic

Treasury System of the Republic of Armenia

THE RELATIONSHIP BETWEEN CASH MANAGEMENT AND CENTRAL BANK

MoF/Central Bank: Coordinated Cash Management

Public Expenditure Management Peer Assisted Learning

MINISTRY OF FINANCE OF THE REPUBLIC OF MOLDOVA

State Treasury Structure of the Treasury Single Account

EXTENDING THE COVERAGE OF TSA SYSTEM IN TURKEY

Financial Management System in Albania

PEMPAL - TCOP WG thematic workshop – Moscow – 5 April 2017

MINISTRY OF FINANCE OF THE REPUBLIC OF MOLDOVA

Financial Management and Accountability

Public Debt Management

INTRODUCTION TO PUBLIC FINANCE MANAGEMENT

CASH MANAGEMENT IN TURKEY

Treasury Performance Measuring and Monitoring in Kyrgyz Republic

Managing Liquidity in the Treasury Single Account

TREASURY OF THE RUSSIAN FEDERATION

Relationship between MoF/Treasury and Central Bank

Treasury bodies of the Republic of Belarus

ARMENIA CASH FLOW FORECAST Vienna, Austria 7-9 November, 2018

Public Debt Management

– Cash Flow Forecasting –

Ministry of Finance of the Republic of Tajikistan

Ministry of Finance of the Republic of Belarus

Relations between the Central Bank and the Ministry of Finance

Treasury Community of Practice Workshop

EXTENDING THE COVERAGE OF TSA SYSTEM IN TURKEY

Changes in the PFM Institutional Structure - Roles & Responsibilities

Albania, Croatia, Moldova, Russian Federation, Tajikistan, Turkey

Role of the Treasury in the Financial System of Uzbekistan

Presentation transcript:

TSA and Cash management function in Albania Issues/questions Anila Çili Treasury Director Email:acili@minfin.gov.al mfskp@yahoo.com

Objectives of the cash management To ensure that the treasury has the liquidity to pay its obligation as the fall due To ensure the availability of funds at the right time in the right place and at an acceptable cost To reduce borrowing requirements and interest cost

Cash management framework Two arche types: decentralized and centralized Decentral: cash in advance, local bank relations Central: request for payment to MoF, single treasury account, central bank relations For discussion: How do they perform and what are pro’s and con’s?

Cash forecast/budget allocations Centralized model ministries Min of Finance Ministry of Foreign Affairs Ministry of Foreign Affairs Cash forecast/budget allocations Ministry of Foreign Affairs Treasury Department Line Ministries request for payment Treasury system moneytransfer information payment orders funds Capitalmarket Moneymarket Central Bank

Decentralized model Ministry of Finance Ministry of Foreign Affairs budget Budget Department Ministry of Foreign Affairs Line Ministries cash in advance Treasury payment orders deposits Money transfer information funds Capital market Com. Banks

Activities of treasury function Debt management: funding policy and risk management front office: money and capital market deals back office: accounting Cash management: providing an infrastructure for payments cash regulation cash forecasting For discussion: Integration of Debt and Cash management functions?

Other Issues The cash forecasting (monthly) is prepared from LM in spending unit level and send to Treasury. Important number of budget institutions or cash pools (more than 2000). How can be decreased this number and simplify the cash management process? How can be managed the liquidities of central and local government under TSA under the new requirements of local borrowing law. Is necessary having special accounts for each local government institutions?