1. CASH MANAGEMENT IN TURKEY
TURKISH TREASURY
Cash Management Department

2. Background to the Treasury
Law no. 4059, Treasury seperated from MoF and found independent unit under the Prime Ministry.
Centrally, Primarily duties are Cash and Debt Management, DG of Public Finance
Treasury has own ICT and this also related with the MoF and CBRT ICT.

3. Functions of Cash Management
Cash Management and forecasting
Executing Treasury transactions, providing and managing the cash required by state expenses
Monitoring and regulating the financial assets of the public institutions within the banking sector
Setting principles and issuing regulations for these operations
Objectives;
To ensure that adequate cash is available to pay for expenditures when they are due.
Forecasting revenues and expenditures accurately in terms of amount and time.
Reduce the deviations from cash programs
Remunerating the idle cash balance. (Studies are carried on...)
As a result, effective cash management contributes to the smooth implementation of the operational targets of fiscal policy, the public debt management strategy, and monetary policy.
No Treasury charge, Revenue Collection and providing payments.

4. Treasury Cash Flows General Budget Special Budget Special Budget
Regulatory
Bodies
Revenue Admin.
Expenditures
Deficits
Tax Revenues
Surpluses
Social Security
Ins.
TREASURY
CMD
Deficits
PrivatizationRevenues
Privatization Admin.
Local Government
Transfers from CG Budget
Capital Injection/Duty Loss Transfers
New Borrowing
Dividends
Treasury
DMD
Debt Pincipal and Interest Payments
Public Banks/ Entp.
Extrabudgetary Funds

5. Strategic Planning 02 03 01
Cash Planning and Management
Utilization of Public Sector Financial Resourses
Institutional Capacity
Expertise (HR) Capacity
Institutional Knowledge
Operational Structure
Performance Management
Internal Control System
Remuneration of Treasury Resources
Minimization of the Redundant Cash
Effective Utilization of Other Public Resources
Cash Planning &Management Structure
Operational Quality and Risks
Forecasting Capabilities
PFM plan is exist and its process is on going to cover all entities,

6. Major Changes TSA developments Short Time Money Market Operations 2008
The initial application, 1972
TSA has been reformed in 2007
PEPS, updating system in 2011
Short Time Money Market Operations 2008
CRS- Cash Request System 2011
Renumeration 2011
Daily base year cash programming

7. Challenges
Developing a cash planning and management infrastructure fully compatible with central government budget structure
Revenue and expenditure classifications of the budget are not compatible with the cash inflow-outflow series.
A better input-output relationship could be established between budgetary and cash –based data
Improving operational quality and speed and minimizing the risks of the cash planning and management processes
MsExcel plays an important role in the planning and execution process
Manual controls and decisions should be evolved to more automotized controls and decision support systems
Improving revenue and expenditure forecasting capabilities
Cash request system should be modified in order to make it more user-friendly
An effective econometric-modelling capacity should be developed