GUWAHATI, July 19 - Chief Minister Sarbananda Sonowal took part in the inaugural session of a workshop on Public Financial Management System (PFMS) organised here yesterday by the National Institute of Rural Development & Panchayat Raj, North East Regional Centre.
�The intended beneficiaries of all government schemes would only be served when there is more efficiency in the government�s management of public funds to facilitate robust growth of the economy while ensuring the well-being of citizens. For that purpose, adoption of PFMS is a must for judicious utilisation of the government�s earnings and expenditures,� he said.
The PFMS is an online system being implemented by the Controller General of Accounts for fund management and online payments to implementing agencies as well as vendors and beneficiaries, and its primary objective is to ensure efficient fund flow and tracking for the Central government schemes.
