On January 15, 2024, the Cabinet approved the introduction of the Treasury Single Account (TSA), per Sections 28(2) and 119(2) of the Public Financial Management (PFM) Act, 2012, for national and county governments, respectively.
Following this approval, there has been a notable interest from various stakeholders in comprehending the TSA concept and its implementation framework. The Treasury aims to provide clarity on the objectives and mechanisms governing the TSA, emphasising its role in enhancing cash management efficiency, transparency, reduced borrowing costs, and improved coordination of fiscal and monetary policies.
