State-of-the-art government cash management model

Abstract

The article considers the necessity and possibility of using the government cash management model for the purposes of making reasonable management decisions as regards the performance of operations with budget funds, the elements of the model, and also the interconnection of the elements of the model. The main conclusions representing the scientific novelty of the study include: 1) the list and content of tasks of government cash management are transformed in connection with the transformation of the goal of government cash management; 2) the performance of operations to manage government cash using tools to manage budget funds in order to achieve the goal should comply with the general principles of economic feasibility and efficiency and the specific principles of government cash management; 3) the tasks of developing forecasts of cash receipts and disposals, raising funds, placing temporarily free funds, and financial risk management are closely related to each other, which should be taken into account when using instruments; 4) the model developed by us can be used to analyze the applicability of government cash management tools depending on the nature of tasks performed and the conditions affecting the general principles of economic feasibility and efficiency.