Publication: Treasury Reference Model
Date
2001-05
ISSN
Published
2001-05
Author(s)
Hashim, Ali
Allan, Bill
Abstract
The Treasury Reference Model (TRM) gives
guidelines for the design of automated treasury systems for
government aiming at a) authorities within government and
their advisors who are engaged in planning and implementing
such systems; and b) software designers and suppliers from
the private sector - or even in-house developers of treasury
software. The paper starts in Part I with a discussion of
the key features of such systems, including the core
functional processes, the various policy options associated
with their design and the associated institutional
arrangements. An effective treasury system will contribute
directly to improving transparency and accountability of
government and to meet the requirements set out in the IMF
Code of Good Practice on Fiscal Transparency - Declaration
on Principles and other standards, such as detailed
fiduciary standards being developed by the World Bank. Part
II gives detailed flow charts of the functional processes
associated with Treasury systems, a diagnostic questionnaire
that could be used to assess country specific requirements,
a set of sample functional specification software that would
be required to implement these systems, and a listing of the
main data associated with Treasury systems. TRM also
provides a means for implementing improved analytical
standards for fiscal reporting. Increasingly governments are
moving toward accrual basis reports and the IMF Government
Finance Statistics system is being revised accordingly.
Citation
“Hashim, Ali; Allan, Bill. 2001. Treasury Reference Model. World Bank Technical Paper;No. 505. © Washington, DC: World Bank. http://openknowledge.worldbank.org/entities/publication/94b99b3f-0ec4-5424-ac5c-fe50206d631a License: CC BY 3.0 IGO.”