The document describes India's Public Financial Management System (PFMS), which aims to improve financial management, transparency, and accountability in government spending. Key points:
- PFMS is implemented by the Controller General of Accounts with technical support from the National Informatics Centre. It has a four-tiered organizational structure at the national, state, and district levels.
- The system aims to track funds throughout implementation, enable just-in-time transfers, facilitate direct benefit transfers, and add digitization modules for payments and accounting.
- PFMS rolls out in stages by configuring schemes, registering implementing agencies, and utilizing expenditure advance and transfer modules.
- Benefits include end-to-end e