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mar+sep+oct only ias > Public Financial Management System > Flashcards

Public Financial Management System Flashcards

1
Q

What was PFMS earlier known as ?

A

Central Plan schemes Monitoring System (CPSMS)

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2
Q

What is PFMS ?

A

It is a web based online software application developed and implemented by Office of Controller and General of Audits

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3
Q

What is the objective of PFMS ?

A

Tracking funds released under all plans and non plan schemes of GOI and real time reporting of expenditure at all levels of programme implementation

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4
Q

What is the biggest strength of PFMS ?

A

Its integration with Core banking system

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mar+sep+oct only ias (46 decks)

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