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Public Finance Management Reforms In Pakistan: A Case Study Of The Treasury Single Account Regimen

Author

Listed:
  • Ayezza Sattar

    (Ministry of Science & Technology, Islamabad)

  • Mahmood Khalid

    (Pakistan Institute of Development Economics)

  • Talib Hussain Baloch

    (Ministry of Finance, Islamabad)

Abstract

The Public Financial Management (PFM) refers to the regime of laws, regulations, processes and institutional, organisational and management systems which are established to ensure that the public monies are raised and used in an effective and efficient manner so as to ensure achieving delivery of services in accordance with the national policies (Williams, 2010). The implementation of a sound Public financial management thus becomes a yardstick to measure how successfully the Government conducts its business. In case of Pakistan, before the promulgation of the Public Finance Management (PFM) Act 2019-there was no policy framework in terms of cash management in the country. Hence there was an urgent need for a reform in the system so as to create a credible financial management for the government. PFM ACT 2019 encompassed the whole system of public finance management but in this paper only the concept of Cash Management would be dealt with—and the introduction of the Treasury Single Account system (TSA) has been taken as a case study for empirical research.

Suggested Citation

  • Ayezza Sattar & Mahmood Khalid & Talib Hussain Baloch, 2023. "Public Finance Management Reforms In Pakistan: A Case Study Of The Treasury Single Account Regimen," PIDE-Working Papers 2023:8, Pakistan Institute of Development Economics.
    • Handle: RePEc:pid:wpaper:2023:8
    as

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    References listed on IDEAS

    as
    1. Sailendra Pattanayak & Julie Patricia Cooper, 2011. "Chart of Accounts: A Critical Element of the Public Financial Management Framework," IMF Technical Notes and Manuals 2011/003, International Monetary Fund.
    2. Busharads, Mohamed Osman Elamin & Sam-Quarm, Richmond & Sam-Quarm, Richmond & Institute of Research, Asian, 2020. "The Ramifications of the Treasury Single Account, the Ifmis Platform, and Government Cash Management in Developing Economies in the Wake of the Covid-19 Pandemic: Ghana’s Empirical Example," OSF Preprints j9dcx, Center for Open Science.
    3. Sailendra Pattanayak & Julie Patricia Cooper, 2011. "Chart of Accounts; A Critical Element of the Public Financial Management Framework," IMF Technical Notes and Manuals 11/03, International Monetary Fund.
    4. Dorcas Adebola Babatunde & Omowumi Olanike Oshatimi & Paul Oladunmomi Omilegan, 2021. "Treasury Single Account as a Driver of Sustainability for Public Expenditure in Nigeria," The Journal of Accounting and Management, Danubius University of Galati, issue 2(11), pages 213-225, August.
    5. Mrs. Teresa Ter-Minassian & Mr. Pedro Martínez-Méndez & Mr. Pedro Pullen Parente, 1995. "Setting Up a Treasury in Economies in Transition," IMF Working Papers 1995/016, International Monetary Fund.
    6. Sailendra Pattanayak & Julie Patricia Cooper, 2011. "Chart of Accounts; A Critical Element of the Public Financial Management Framework," IMF Technical Notes and Manuals 2011/03, International Monetary Fund.
    7. Israel Fainboim Yaker & Sailendra Pattanayak, 2010. "Treasury Single Account: Concept, Design and Implementation Issues," IMF Working Papers 2010/143, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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