1--- 2meta: 3 date: false 4 reading_time: false 5title: "Ways and Means Advances" 6date: 2023-10-05 7description: "Advances to the government made by the central bank. These are necessary when government expenditure runs in advance of receipts from taxation plus borrowing from the public, effectively increasing the money supply." 8tags: ["economics", "fiscal policy", "monetary policy"] 9--- 10 11## Background 12 13Ways and Means Advances (WMA) are financial mechanisms employed by central banks to aid governments in managing short-term mismatches in their receipts and payments.