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The nature and scope of business of the Treasury Department is to prepare quarterly, half-yearly and annual consolidated core government forecast and financial statements: cash management and forecasting: negotiation, evaluation and management of government borrowings: financial management services for Ministries/Portfolios and the Executive; promote the use of International Public Sector Accounting Standards (IPSAS) in the core government and the Management and Administration of the Central Tenders Committee (CTC) www.centraltenders.gov.ky and the management of delegated Trusts Assets (Mutual Legal Assistance Treaty MLAT; Defunct Companies).

The Treasury Department is also responsible for the collection of environmental protection fees, cruise ship departure charges and debit transaction fees.

Governing Legislation & Regulations

In relation to performing department functions, the primary legislation and regulations are:

  • Public Finanace and Management Law, 2003 (and revisions)
  • Financial Regulations

Last Updated 2014-01-02