Mission Statement

To maintain an effective accounting methodology and relevant accounting systems across Government, effect disbursements, monitor central Government’s cash flow position and manage central Government’s debt portfolio.

The Treasury Department of the Government of Malta has the responsibility to maintain an effective accounting methodology and relevant accounting systems across Government; monitor Government’s cash flow position; determine the size and composition of the Government’s capital structure.

The Department endeavours to be aggressive in attaining its goals, highly resourceful and respected, professional and proactive in its approach, cost effective, and an excellent employer. These work practices and objectives are infused in the department’s organisation structure. The Treasury is fully committed to the implementation of professional management techniques and strongly believes in the utilisation of information technology.

The restructuring exercise carried out over the past few years, supported the administrative capacity of the Treasury into fulfilling its legal obligations, and took into account the new functions that the Treasury had to undertake in line with modern practices and policies. These included the Treasury’s role in the implementation of Accrual Accounting across Government as well as the establishment of a Debt Management Office.

The Treasury has three important functions namely:

Government Accounting: the gathering, collating and processing of all Governmental accounting transactions, and the compilation of appropriate financial statements within an agreed time schedule. This function also includes the implementation and enforcement of accounting regulations and procedures, co-ordination of accounting training, and the liaison with the appropriate and relevant organisations.

Accounting Standard Setting and Financial Reporting: the implementation, support and training of the Centralised Financial Management System used across the central government departments. This function also includes the drive towards accrual accounting methodology, in particular in the adoption of IPSAS standards and the formulation of the respective guidelines, co-ordinating with the relevant stakeholders. The unit is also co-ordinating in the preparation of Accrual based financial statements. 

Debt Management: the determination of the size and composition of the Government’s optimal capital structure in terms of sources of funds related to debt, with emphasis on cash flow management, in particular central Government’s cash-flow ability to service the fixed charges.