Treasury Diagnostic Toolkit (World Bank Working Papers) by Ali Hashim

By Ali Hashim

Development within the administration of public funds in constructing nations has been an more and more very important concentration of global financial institution and IMF advice to member nations. A key part of such help is the improvement of potent treasury platforms, which shape the spine for recording and processing all monetary transactions relating to govt budgets. The institution of an efficient, built-in treasury approach is helping deal with public monies with higher monetary keep watch over, greater tracking, higher making plans, higher financial reporting, and higher facts for funds formula, whereas additionally enhancing transparency and responsibility of presidency. This toolkit includes 3 components: 1. a treasury platforms questionnaire for use as a diagnostic software in assessing the prestige of treasury features, 2. a costing version utilizing info within the aforementioned questionnaire to estimate the most likely expenses of a complete funding software, and three. an program software program questionnaire meant to assist managers choose acceptable software software program, concentrating on treasury-specific standards.

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By Ali Hashim

Development within the administration of public funds in constructing nations has been an more and more very important concentration of global financial institution and IMF advice to member nations. A key part of such help is the improvement of potent treasury platforms, which shape the spine for recording and processing all monetary transactions relating to govt budgets. The institution of an efficient, built-in treasury approach is helping deal with public monies with higher monetary keep watch over, greater tracking, higher making plans, higher financial reporting, and higher facts for funds formula, whereas additionally enhancing transparency and responsibility of presidency. This toolkit includes 3 components: 1. a treasury platforms questionnaire for use as a diagnostic software in assessing the prestige of treasury features, 2. a costing version utilizing info within the aforementioned questionnaire to estimate the most likely expenses of a complete funding software, and three. an program software program questionnaire meant to assist managers choose acceptable software software program, concentrating on treasury-specific standards.

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Who is responsible for preparing the revenue forecasts? How often are revenue forecasts prepared/revised? Please describe the process and related analyses of preparing the cash requirements forecast. Who is responsible for preparing the cash requirements forecast? Level III Additional Information Required for Investment Program Design How are cash requirements transmitted from spending units to the parent ministries and to the Treasury? How often are these requirements transmitted to the Treasury?

Are there any specialized tools used in comparing current collections against expected collections? If so, please provide details. Expenditure Monitoring Level II Detailed Assessment—Functional Aspects How frequently are expenditure plans received from line ministries/spending units? Is actual expenditure data available directly from the Treasury system? Is this data used for expenditure monitoring or is it collected separately from the line ministries/ spending units? Is past expenditure data used in reviewing current year expenditures?

Is this done automatically? Are payments checked against prior commitments? How are payments prioritized? (by size, by currency, recurring vs. one-time, by vendor etc)? How are these priorities set and by which agency—Treasury or spending unit? 24 WORLD BANK WORKING PAPER Payroll payments Who is responsible for making payroll and benefits payments? Is the payroll calculated by the line ministries/spending units and a payment request forwarded to the Treasury; or is the payroll calculated by the Treasury itself, with individual transactions being transmitted to the treasury from the spending units?

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