How can we support the improvement of payment and revenue collection systems?

Treasury Single Account (TSA) Rapid Assessment Toolkit

What is it and how can it help? 

Treasury Single Account (TSA) is one of the proven practices in improving the payment and revenue collection systems, and carrying out consistent control of public expenditures by centralizing the free balances of government bank accounts. The TSA infrastructure is usually implemented as a part of the Financial Management Information System (FMIS) solutions. The TSA Rapid Assessment Toolkit is designed to assist government officials (mainly the Ministry of Finance and the Central Bank) in clarifying the current status of TSA operations, and identifying possible improvements in practices/processes, regulations, information security, and payment systems. The key purpose of this exercise is to ensure that Public Financial Management (PFM) reforms supported by FMIS are sufficiently focused on the design of basic TSA processes that improve cash management. The toolkit includes 65 questions in five categories as key indicators about the integrity of TSA operations and underlying government payment systems.

When does it work best? 
  • This toolkit works best when a new TSA infrastructure is being established as a part of FMIS implementation. It can also be used during the modernization of existing TSA / FMIS platforms.
  • Successful TSA implementation requires high level political commitment, adequate institutional capacity, and a secure and reliable technical infrastructure for information sharing.
How do I use it? 
  • For a proper assessment, key TSA stakeholders - usually the Central Treasury (CT) and the Central Bank (CB) - should participate in this assessment.
  • The toolkit be used in two ways:
  • Self-assessment (usually in two days)
  • Joint assessment (one week) of the TSA operations through site visits, interactions with related CT and CB units, and a workshop to discuss the results, with support from the World Bank team.
  • Need to prepare a strategic plan for duration / number of site visits and specific structuring of workshops to discuss results
Where has it been used? 
  • Developed in 2012 for a joint assessment in Kyrgyz Republic.
  • Used in the Gambia, Lesotho, Madagascar, Nigeria, and Philippines (joint one-day review), as well as in Indonesia (self-assessment) in 2013
What are its limitations? 
  • TSA Rapid Assessment Toolkit may not work well in low capacity country contexts.