Impact of Implementing Treasury Single Accounts on Financial Performance of Public Institutions: Case of National Ministries, Departments, And Agencies
Author (s)
THOMAS GATLUAK REAT & ANTHONY DUKU PETER
Abstract
To reduce financial leakages, increase transparency, and avoid financial misuse of public funds, the Treasury Single Account (TSA) policy, the implementation of which combines all government accounts and helps it to prevent income loss and improper administration by revenue-generating organizations. This study investigates how South Sudan’s state finances have been impacted by the Treasury Single Account Policy.. The objective of this study is to assess how effectively the Treasury Single Account can stop financial leaks and enhance openness and accountability in public financial management. There has been usage of both primary and secondary data. 56 respondents were chosen via judgment sampling from the 65 Ministries, Departments, and Agencies (MDAs) in the Ministries complex. The primary data were examined using frequencies techniques. Results from questionnaires were used. When data were analyzed using the Statistical Package for Social Sciences (SPSS), which also included charts, frequency tables, percentages, and frequency analyses, the data were converted to percentages and inferential statistics were obtained from the data. The findings of this study demonstrate how a Treasury Single Account can be implemented to lessen funding shortages while fostering accountability and openness in the public financial system. Although South Sudan’s Ministries, Departments, and Agencies have successfully reduced corruption thanks to the Treasury Single Account concept, its adaptation has actually made management of public sector organizations even less efficient. As a result, the research report advises that the South Sudanese government adopt the Treasury Single Account Policy.
Keywords: Treasury Single Accounts, Financial Performance, Public Institutions,Public sector, South Sudan.
| Title: | Impact of Implementing Treasury Single Accounts on Financial Performance of Public Institutions: Case of National Ministries, Departments, And Agencies |
|---|---|
| Author: | THOMAS GATLUAK REAT & ANTHONY DUKU PETER |
| Journal Name: | International Journal of Science and Business |
| Website: | ijsab.com |
| ISSN: | ISSN 2520-4750 (Online), ISSN 2521-3040 (Print) |
| DOI: | https://doi.org/10.5281/zenodo.7520803 |
| Media: | Online & print |
| Volume: | 19 |
| Issue: | 1 |
| Issue publication (Year): | 2023 |
| Acceptance Date: | 05/01/2022 |
| Date of Publication: | 10/01/2022 |
| PDF URL: | https://ijsab.com/wp-content/uploads/2044.pdf |
| Free download: | Available |
| Page: | 49-69 |
| First Page: | 49 |
| Last Page: | 69 |
| Paper Type: | Research paper |
| Current Status: | Published |
Cite This Article:
THOMAS GATLUAK REAT & ANTHONY DUKU PETER (2023). Impact of Implementing Treasury Single Accounts on Financial Performance of Public Institutions:Case of National Ministries, Departments, And Agencies. International Journal of Science and Business, 19(1), 49-69. doi: https://doi.org/ 10.5281/zenodo.7520803
Retrieved from https://ijsab.com/wp-content/uploads/2044.pdf
About Author (s)
Thoma Gatluak Reat (Corresponding author), M.AF, BBA (Accounting & Finance), Director of Accounts, Ministry of Finance & Planning, South Sudan.
Anthony Duku Peter, PhD Dean School of Business and Management Science University of Juba, Juba, South Sudan.
DOI: https://doi.org/10.5281/zenodo.7520803