Assessing the Impact of Treasury Single Account Implementation on Financial Discipline in Government Ministries in Nigeria

Allen, R., & Tommasi, D. (2020). Managing Public Expenditure: A Reference Book for Transition Countries. OECD. Aniesodo E.A, Onuora J. K & Okole F O (2024) Effect of Treasury Single Account (TSA) on the Performance of Ministries, Departments, and Agencies (MDA) in Nigeria. Journal of Accounting and Financial Management 10(8) 185- DOI: 10.56201/jafm.v10.no8.2024.pg185.198. CBN (2022). Annual Financial Review: TSA and Idle Fund Management in Nigeria. Festus O.O & Olatunbosun A.T (2019) Impact of Treasury Single Account (TSA) on the Financial Performance of Deposit Money Banks (DMBs) in Nigeria: A Pre-Post Analysis. Open journal of social sciences. 7(5) DOI: 10.4236/jss.2019.75026 IMF (2023). Treasury Single Account: Principles and Benefits. IMF Working Paper WP/23/89. Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure. Journal of Financial Economics, 3(4), 305–360. Mario P. & Carlos P. (2016) Public Financial Management in Latin America. The Key to Efficiency and Transparency Page 403. https://doi.org/10.5089/9781597822268.071 Nwoba M.O E, Nwakamma M C & Njoku C M (2023) Post-Adoption Analysis of Treasury Single Account: Policy Impact on Financial Management of Ministries, Departments and Agencies in Nigeria. Journal of policy and development studies 14(2), 228-243 https://dx.doi.org/10.4314/jpds.v14i2.1 Ogunniyi.O.R, Akinrinlola M O & Olaniyan N.O.(2O23). The Impact of the Treasury Single Account on the Performance of Listed Deposit Money Banks in Nigeria. Fuoye. Journal of Accounting and Management 6(1)229-246 PWC Nigeria. (2022). Treasury Single Account and Public Expenditure Efficiency. PWC Nigeria Reports.. Yusuf M B (2016) Effects of Treasury Single Account on Public Finance Management in Nigeria. Research Journal of Finance and Accounting7(6)164-170 QUESTIONNAIRE SECTION A: Please tick (?) as appropriate: Gender: ? Male ? Female Age: ? 18–30 ? 31–40 ? 41–50 ? 51 and above Educational Qualification: ? OND/NCE ? HND/B.Sc ? M.Sc/MBA ? Ph.D Position/Rank: ? Accountant ? Auditor ? Finance Officer ? Other (specify): ___________ Years of Experience in Public Sector: ? Less than 5 ? 5–10 ? 11–15 ? 16 and above SECTION B: Please indicate your level of agreement with the following statements using the scale: 1 = Strongly Disagree, 2 = Disagree, 3 = Neutral, 4 = Agree, 5 = Strongly Agree Treasury Single Account Implementation S/N Statement 1 2 3 4 5 1 TSA has centralized all government revenue accounts into a single account. ? ? ? ? ? 2 TSA improves real-time monitoring of public funds. ? ? ? ? ? 3 TSA enhances the efficiency of government cash management. ? ? ? ? ? 4 TSA reduces the incidence of idle funds in MDAs. ? ? ? ? ? 5 TSA has improved the transparency and accountability of revenue collection. ? ? ? ? ? 6 The implementation of TSA has reduced the need for borrowing due to better liquidity control. ? ? ? ? ? 7 TSA implementation is well understood and accepted in my ministry. ? ? ? ? ? Financial Discipline in Government Ministries S/N Statement 1 2 3 4 5 8 TSA promotes adherence to budgetary allocations. ? ? ? ? ? 9 There is a significant reduction in financial leakages since TSA was introduced. ? ? ? ? ? 10 TSA strengthens expenditure control mechanisms in my ministry. ? ? ? ? ? 11 TSA ensures funds are used only for authorized purposes. ? ? ? ? ? 12 TSA has improved the timely reconciliation of accounts. ? ? ? ? ? 13 My ministry now follows due process in financial disbursements. ? ? ? ? ? 14 The level of financial discipline has improved significantly after TSA implementation. ? ? ? ? ?