The course introduces the steps required before and during the process of budget execution. It describes the organizations involved and the role of the treasury; system requirements; charts of accounts; comprehensive policies/procedures; and key terminology. Participants are familiarized with the treasury function (including cash and debt management) and the different types of treasury organizations, including the Treasury Single Account. The course is to a large extent based on the IMF publication “Public Financial Management and Its Emerging Architecture” as well as on the IMF Guidelines for Public Expenditure Management. *This learning activity is delivered as part of the EU-funded Strategic Planning and Budgeting project. The overall objective of the project is to strengthen beneficiary countries’ capacities to design and implement medium-term macro-fiscal policies. Complete information on the project can be found at the website: www.cef-see.org/bcpdi/spb.