The Cabinet on January 15 endorsed the establishment of the Treasury single account (TSA), setting the stage for amalgamation of government finances scattered across many bank accounts.
A TSA is an integrated structure of government bank accounts enabling consolidation and optimum utilisation of government cash resources. Based on the principle of unity of cash and the unity of treasury, a TSA is a bank account or a set of linked accounts through which the government transacts all its receipts and payments and gets a comprehensive view of its cash position each end of day.
