State budget cash management

Cash management encompasses the planning and monitoring of cash flows, as well as the implementation of measures related to the management of cash resources. Planning is based on projections of future developments, while monitoring relies on actual cash inflows and outflows, which form the basis for decisions on investing cash surpluses or covering liquidity shortfalls.

Cash flows (opening balance, inflows, outflows and closing balance) are planned at least one year in advance based on the adopted budget, past trends and statutory payment deadlines. The accuracy of projections increases as the time of execution approaches, and plans are continuously adjusted accordingly.

State budget cash management is carried out in accordance with the principles of safety, liquidity and return, and within the treasury single account (TSA) system. Cash surpluses are invested as short-term deposits, while liquidity shortfalls are covered through liquidity loans or the issuance of Treasury bills.