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An Evaluation of the Implementation of the Treasury Single Account System in Zambia: A Case Study of Selected Government Ministries

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  • Zivanai Mazhambe

    (Graduate School of Business, University of Zambia)

  • Nzovwa Mwela Chomba

    (Graduate School of Business, University of Zambia)

Abstract

The study sought to empirically evaluate the implementation of the Treasury Single Account System in Zambia. The study employed an exploratory research design and utilised the purposive sampling method. The findings revealed that the TSA has resulted in better management of government cash resources. However, despite being effective in the implementation of the TSA the findings show that it has its challenges. The findings have shown that the TSA has been consistent with international best practices. It can be concluded that the TSA has to overcome the shortcomings cited to become more effective in its operation in Zambia. The study recommended that the Government should continue to operate with the principles of TSA because of the positive influence it has on the effectiveness of public finance management in areas of fraud control, accurate accounting, budgetary control, effective cash management and the coverage of the TSA be extended, with the necessary modifications, to cover the local government for effective and efficient management of public finance especially in the areas of fraud control, accurate accounting, budgetary control and cash management.

Suggested Citation

  • Zivanai Mazhambe & Nzovwa Mwela Chomba, 2024. "An Evaluation of the Implementation of the Treasury Single Account System in Zambia: A Case Study of Selected Government Ministries," International Journal of Latest Technology in Engineering, Management & Applied Science, International Journal of Latest Technology in Engineering, Management & Applied Science (IJLTEMAS), vol. 13(4), pages 42-51, April.
    • Handle: RePEc:bjb:journl:v:13:y:2024:i:4:p:42-51
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    References listed on IDEAS

    as
    1. Baris CAN, 2019. "The Likely Impact of Extended Turkish Treasury Single Account System on Public Finance in Turkey," Journal of BRSA Banking and Financial Markets, Banking Regulation and Supervision Agency, vol. 13(2), pages 231-266.
    2. Kenneth D. Garbade & John C. Partlan & Paul J. Santoro, 2004. "Recent innovations in Treasury cash management," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 10(Nov).
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