Download CASH MANAGEMENT & TREASURY SINGLE ACCOUNT POLICY 2019 – 29 — The efficient treasury is a vital instrument for better Public Finance Management (PFM). The key objectives of this modern cash management are timely availability of cash to meet obligations, economizing on cash within the government to save costs and reduce risk, management of government’s short-term cash flows efficiently (both cash deficits and cash surpluses) in such a way as to benefit debt management and monetary policy. The cash management practices have also transformed like other aspects of treasury functions. This cash management policy will focus on efficient cash management with ability to forecast daily cash flows across the TSA. It shall result into smooth cash flows with lower average cash balances, reduced borrowing costs, lower interest on cash balances than interest on marginal borrowing and less pressure on monetary policy operations.