of fall 2009 questionnaire on cash management … of fall 2009 questionnaire on cash management...
TRANSCRIPT
Findings of Fall 2009 Questionnaire on Cash Management Practices in
SEE and CIS countries PEMPAL
Treasury Community of Practice Meeting
November 2009Ljubljana
Survey Universe
• 18 countries
• SEE countries (CEF member countries and Turkey): Albania, Bosnia and Herzegovina, Bulgaria, Kosovo, Macedonia, Moldova, Montenegro, Serbia, Romania, Slovenia and Turkey
• CIS members except Moldova: Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan
All central government revenues and expenditure go through TSA in the CB
18
0
Yes No
Local governments in TSA
10
6 Yes
No
4
1
CIS countries
65
SEEcountries
The CB pays interest on cash balances in the TSA
10
8 Yes
No
7
43
4
Bank accounts in commercial banks:
0
2
4
6
8
10
12
14
16
central government local governments
Yes
No
0
1
2
3
4
5
6
central government local governments
0
1
2
3
4
5
6
7
8
9
10
central government local governments
Primary purposes of these accounts:
0
2
4
6
8
10
12
14
a. to collect revenues b. to make budget payments
c. to invest surplus cash d. to manage donor funds
Yes
No
0
1
2
3
4
5
6
a. to collect revenues
b. to make budget
payments
c. to invest surplus cash
d. to manage donor funds
0
1
2
3
4
5
6
7
8
9
a. to collect revenues
b. to make budget payments
c. to invest surplus cash
d. to manage donor funds
Commercial bank accounts:
0
2
4
6
8
10
12
14
a. contain balances b. are swept into the TSA on a regular basis
Yes
No
0
1
2
3
4
5
6
a. contain balances b. are swept into the TSA on a regular basis
0
1
2
3
4
5
6
7
8
9
a. contain balances b. are swept into the TSA on a regular basis
S
SEEcountries
Commercial banks pay interest on deposits:
12
6
Yes
No
3
4
9
2
The government pays transaction fees to the banks for services
12
6
Yes
No
3
4
9
2
RTGS and small payments systems in the CB
16
2
Yes No
6
1
10
1
Government has system of commitment recording and control in place
12
6Yes
No
5
2
7
4
The level of coverage of the commitment control system:
0
2
4
6
8
10
12
First level spending units Second level spending units Local governments and EBFs
Yes
No
0
1
2
3
4
5
6
First level spending units
Second level spending units
Local governments and EBFs
0
1
2
3
4
5
6
7
8
First level spending units
Second level spending units
Local governments and EBFs
Unit within the MoF dedicated to developing cash forecasts
17
1
Yes
No
7
0
10
1
Cash forecasts are updated:
4
46
3 Daily
Weekly
Monthly
3
3
1
4
1
3
2
Cash forecasts are produced:
0
2
4
6
8
10
12
♦Monthly ♦Weekly ♦Daily
Yes
No
0
1
2
3
4
5
6
7
♦Monthly ♦Weekly ♦Daily0
1
2
3
4
5
6
7
8
♦Monthly ♦Weekly ♦Daily
Cash forecasts are compared against actual data
16
2
Yes
9
2
7
0
Cash forecasts used as a basis for funding decisions
13
5
Yes
No
5
2
8
3
Treasury/MoF uses financial instruments to manage cash surplus/shorfalls
16
2
Yes
No
7
0
9
2
Instruments used:
0
2
4
6
8
10
12
14
Term deposits in the Central Bank
Term deposits in commercial banks
Issuance of Treasury Bills
Short‐term bank credits
Yes
No
0
1
2
3
4
5
6
7
8
Term deposits in the Central Bank
Term deposits in commercial banks
Issuance of Treasury Bills
Short‐term bank credits
0
1
2
3
4
5
6
7
8
9
10
Term deposits in the Central Bank
Term deposits in commercial banks
Issuance of Treasury Bills
Short‐term bank credits
Government is permitted to borrow from the CB
3
14
YesNo
2
5
1
9
Cash and debt management is carried out by the same unit
5
12
Yes
No
1
6
4
6