FABCB is responsible for managing the operations of
the federal treasury, which includes issuing Receiver
general payments. It is also responsible for providing
government-wide accounting and reporting services, and
managing pension services and group insurance plans.
It provides a range of financial services to PWGSC such
as budget management and financial accounting and controls
and management of financial systems.
Portfolio
- Issues approximately 226M Government of Canada payments
each year (about 69 percent through Direct Deposit).
- Provides public service pay, pension and insurance
services to 292,000 public servants and to 322,000
Canadian pensioners.
- Provides some pension services to National Defence
and the Royal Canadian Mounted Police (RCMP) pension
plan members.
Banking
- Administers the cash inflows and outflows of the
Consolidated Revenue Fund
- Issues, reconciles and redeems payments on behalf
of all government departments. 226M payments were
issued in 2003-2004, 69% of them electronically.
- Administers the government's banking arrangements
for receipts and disbursements.
Accounting
Maintains the Accounts of Canada, prepares the financial
statements of the Government and produces the Public
Accounts of Canada.
Compensation
- Provides public service pay, pension and insurance
services to 292,000 public servants and to 322,000
retired public servants.
- Provides pension services to National Defence.
Finance
The Assistant Deputy Minister serves as the Senior
Financial Officer of the Department.
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