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May 24, 2006 |
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Ministry of Finance |
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Approaches to Strengthening Efficient Management of the Cash in the National Treasury |
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In cases where a national treasury surplus arises in and after the second quarter, this has usually been allocated to offset cash shortages for special accounts and funds in order to contribute to reducing the balance of the national treasury surplus (government deposit) and the issuance of 13-week financing bills (hereafter called "FBs"). Moreover, the "Efficient Management of the Cash in the National Treasury" (August 26, 2005) was made public in connection with efforts to strengthen related measures. In addition to these, the following measure is planned.
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| With respect to the cash management for special accounts and funds in and after the second quarter through issuance of 13-week FBs, the balance of the national treasury surplus (government deposit) and the issuance of 13-week FBs will be further reduced through the combination of short-term use of the national treasury surplus to offset cash shortages for special accounts and funds and the issuance of FBs with a repayment period of about two months. | ||
| With regard to the FBs with an around 2-month repayment period, the day when public finance payments become excessive shall be the date of issue while the day when public finance receipts become excessive shall be the date of repayment. In connection with this latest measure, such FBs will be issued throughout the year in an appropriate manner (first issue scheduled for August 15, 2006). | ||
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In addition, the effect of reducing the issuance of 13-week FBs will be seen after July 2006 because short-term use of the national treasury surplus will start in July.
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