A Treasury single account has been defined as a process that unifies all government accounts in a single account as maintained by the central bank for effective management of finances.
A TSA is a unified structure of government bank accounts that gives a consolidated view of government cash resources. TSA is a bank account or a set of linked accounts through which the government transacts all its receipts and payments.
THE TSA is a process and tool for effective management of government’s finances, banking and cash position. In accordance with the name, it pools and unifies all government accounts through a single treasury account. .
TSA as an accounting system to which all government transactions passes through reduces illicit transfer of government fund, prevents leakages in terms of revenue loss and mismanagement by operators of all government revenue-generating agencies and thus,enables efficient cash management.
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