Title Setting up a treasury in economies in transition / prepared by Teresa Ter-Minassian, Pedro P. Parente, and Pedro Martínez-Méndez

Published [Washington, D.C.?] : International Monetary Fund, ©1995

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Description 1 online resource (iii, 63 pages) : illustrations Series IMF working paper ; WP/95/16 IMF working paper ; WP/95/16. Summary Annotation The primary mandate of a national Treasury is to promote an optimal financial management of government resources, by ensuring that spending agencies are provided, in a timely manner, the resources needed for a smooth provision of public services, while minimizing the cost of government financing. However, international experience shows that agencies that go by the same name (the Treasury) assume a variety of responsibilities within the gamut of functions encompassed by government financial management. This paper argues that, in countries facing substantial economic and financial adjustment problems and/or rapid institutional change, it is desirable to give the Treasury a broader (rather than narrower) range of responsibilities in government financial management. This is typically the case in economies in transition, in which under central planning Treasury functions were dispersed among different agencies, including the Central Bank. the paper presents an overview of the main issues governments are likely to face in setting up a national Treasury, in particular in economies in transition. It begins with an analysis of the main Treasury functions. It then discusses the Treasurys basic organization and structure, information system, and relationships with other public entities Bibliography Includes bibliographical references Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Finance, Public. Finance, Public -- Former Soviet republics Finance, Public -- Europe, Eastern Banks and banking, Central. Banks and banking, Central -- Former Soviet republics Banks and banking, Central -- Europe, Eastern Budget. Budget -- Former Soviet republics Budget -- Europe, Eastern Government financial institutions. Government financial institutions -- Developing countries Fiscal policy -- Developing countries Banks of issue. Budgets budgets. Government financial institutions Fiscal policy Banks of issue Banks and banking, Central Budget Finance, Public GOVERNMENT BUDGETING. PUBLIC FINANCE. ECONOMIES IN TRANSITION. Developing countries Eastern Europe Soviet Union -- Former Soviet republics Form Electronic book Author Parente, Pedro Pullen, author. Martínez Méndez, Pedro, author. International Monetary Fund. Fiscal Affairs Department, issuing body. ISBN 1455227137 9781455227136 1462328903 9781462328901 1455238341 9781455238347 1281096423 9781281096425 9786613776273 6613776270

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