- 10 Marks
PSAF – May 2021 – L2 – Q3a – Treasury Management in the Public Sector
Explain strategies to enhance cash management and factors affecting its effectiveness in public finance.
Question
Cash management implemented by the Budget Office of the Federation (BoF) was to ensure that the right amount of money is made available to fund government expenditure in a timely manner as well as meeting its obligations as they fall due.
Required:
Explain FIVE strategies to enhance cash management control and FIVE factors militating against effective cash management. (10 Marks)
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