ADEMOLA, E. A and AJAO, C. C (2018) TREASURY SINGLE ACCOUNT AND IT CHALLENGES IN PUBLIC SECTOR. 11TH SMART iSTEAMS CONFERENCE. pp. 1-17.
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Abstract
This paper examines the impact of Treasury Single Account (TSA) and the challenges in government parastatals. The introduction of a Treasury Single Account (TSA) by the federal governments is a measure to block leakages in the financial System. This however has led to introduction of Government Integrated Financial Management Information System (GIFMIS) and IPPIS where salaries of the federal public servant are paid. The researchers conducted an oral interview with the bursary departments and the chief executives of some states and federal government establishments in Lagos, Oyo and Ogun State. Investigations revealed that though TSA is a good system of controlling and blocking leakages of government fund .However, it slows down the effectiveness of government performance where approvals need to be taken before funds are released to the MDAs. This however, is a leads to a situation where MDAs looks for another means of diverting government’s funds into a specialized account to meet their daily or monthly expenses. The researchers concludes that though TSA is good with regards to its benefit nevertheless, some parastatal should be exempted or autonomy given to them because of the delay in government approvals. Lastly, it is hereby recommended that effectives check and balances and functional executives oversight functions should be put in place to monitor and control government fund
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HF Commerce H Social Sciences > HG Finance H Social Sciences > HJ Public Finance |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Miss Ayomikun Ogunbadejo |
| Date Deposited: | 11 May 2020 19:47 |
| Last Modified: | 11 May 2020 19:47 |
| URI: | http://eprints.federalpolyilaro.edu.ng/id/eprint/96 |
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