February 27, 2024

Arunachal moves towards public fiscal management

TAP | Updated: May 25, 2017

ITANAGAR, May 25: In an effort to bring transparency and improve financial management in implementation of Central plan schemes, the Arunachal Pradesh government has decided to move towards the Public Financial Management System (PFMS) in a phased manner.

On directions from Chief Minister Pema Khandu and Deputy Chief Minister Chowna Mein, the state Finance department on Thursday launched a three-day training workshop for all departments to introduce PFMS in the state. The Department of Finance and Investment has organised this workshop in collaboration with CAG, New Delhi, at the Banquet Hall here.

Through this system, the Finance department and the state treasury will be linked with a Central server with a Union government technology platform and RBI for online transfer of resources to the state treasury.

Resources will thereafter be transferred to the departments at the headquarters on the same platform for reaching the final beneficiaries on a direct benefit transfer model in their bank account, an official report said. This system is expected to facilitate greater transparency of expenditure management in the state.

PFMS is an end to end solution for processing payments, tracking, monitoring, accounting, reconciliation and reporting. Implemented by the CAG, it provides the scheme managers a unified platform for tracking releases and monitoring their last mile utilisation.

Terming PFMS as a transparent system of service delivery, Finance Commissioner Ashish Kundra urged all the government employees to increasingly use technology for proper resource management.

He said that every department would have to identify a nodal officer to look after it. “PFMS will assist in tracking the fund disbursement under various schemes and monitoring of flow of central funds to various levels down to the last level of utilisation,” he added.

CAG’s Senior Accounts Officer S Francis gave a detailed presentation on PFMS and emphasised on the need for communication between the various departments and the implementing agency.

He said that PFMS would provide the government real time information on resource availability and utilisation across schemes.

The workshop was attended by senior bureaucrats, head of departments besides drawing and disbursing officers among others, the report added.

 

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