Upon completion of this course, participants will be be able to:

• Understand the core objectives and functions of a modern government Treasury Single Account (TSA).
• Develop accurate short-term (daily/weekly) and medium-term (monthly/quarterly) cash flow forecasts.
• Manage the collection, concentration, and disbursement of government funds efficiently.
• Identify and implement effective strategies for managing public sector financial risks (liquidity, interest rate, FX).
• Apply best practice techniques for the investment of temporary cash surpluses.
• Design and monitor key performance indicators (KPIs) for treasury operations.
• Manage the coordination of cash management with debt management and budget execution.
• Evaluate the benefits and challenges of migrating to an electronic payment system for government transactions.

• Treasury Managers and Staff
• Cash Flow Forecasting Specialists
• Ministry of Finance and Treasury Officials
• Debt Management Office Personnel
• Budget and Revenue Forecasting Analysts
• Central Bank Officials involved in Government Banking
• Internal Auditors and Financial Controllers

• Case studies of TSA implementation and cash centralization in different countries.
• Hands-on exercise: developing a 30-day cash flow forecast using real-world data templates.
• Group activity: formulating an investment policy for short-term government cash surpluses.
• Scenario analysis of managing a sudden, unexpected revenue shortfall.
• Discussions on the optimal institutional placement of the treasury function (Ministry vs. Central Bank).

Unit 1: Foundations of Public Sector Treasury

• Defining the scope and role of modern public treasury management
• The core objectives: liquidity, safety, yield, and minimizing costs
• Institutional and legal frameworks for government treasury operations
• Coordinating treasury with budgeting, accounting, and debt management

• Principles and benefits of a centralized cash management structure
• Operational models and implementation challenges of a TSA
• Managing subsidiary accounts and ensuring daily cash sweeps

Unit 2: Cash Flow Forecasting and Planning

• Techniques for daily and weekly cash flow forecasting (e.g., time series, deterministic)
• Forecasting major inflows (tax revenue, grants) and outflows (payroll, debt service)
• Reconciliation and performance measurement of short-term forecasts

• Developing monthly and quarterly forecasts for investment and borrowing decisions
• Integrating tax revenue and expenditure forecasts into the cash plan
• The use of forecasting in managing unexpected liquidity events

Unit 3: Liquidity and Risk Management

• Determining optimal target cash balances and buffer levels
• Setting up short-term borrowing facilities (e.g., overdrafts, T-Bills)
• Monitoring and managing bank counterparty risk

• Developing an investment policy for temporary government surpluses
• Criteria for eligible investment instruments (safety, liquidity, return)
• Managing interest rate risk on the investment portfolio

Unit 4: Payments and Technology

• Migrating from check and cash payments to electronic funds transfer (EFT)
• Benefits of real-time gross settlement (RTGS) for government transactions
• Ensuring security and internal controls in digital payment systems

• The role of Treasury Management Systems (TMS) in automation and reporting
• Integrating TMS with the government accounting and budget systems

Unit 5: Performance and Internal Control

• Key Performance Indicators (KPIs) for cash management effectiveness
• Measuring cost of borrowing and return on investments
• Regular reporting on cash position and risk exposure

• Separation of duties and segregation of functions in treasury operations
• Internal audit procedures for cash and investment management