TSA (Treasury Single Account)

The Treasury Single Account (TSA) is a unified banking arrangement that centralizes a government’s revenue, receipts, and payments into a single account or set of accounts maintained at the central bank or a designated bank. This system improves financial management by providing transparency, control, and real-time oversight of government funds, reducing waste, undetected leakages, and borrowing costs. Essentially, it consolidates government cash flows to ensure efficient use of resources, better budget management, and accountability across various government agencies and ministries.