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Jammu and Kashmir becomes the first union territory in the country to operationalise public financial management system (PFMS) at the district level with the e-inauguration of eight district offices, an official spokesperson said on Friday.
The launch of these offices in Jammu and Kashmir will cause improved programme administration and management, direct payment to beneficiaries, greater transparency and accountability in using public funds.
Nodal officer for Jammu and Kashmir, Shakeel Maqbool, highlighted the significance of PFMS in further improving accounts administration and congratulated PFMS, State Directorate J-K team for taking the initiative of operationalising district project management units (DPMU) despite the challenges in the wake of the COVID pandemic.
The PFMS state directorate J-K was established in 2016 like in the rest of the states and the UTs for operationalising PFMS and, now it has emerged as the first UT in the country to expand the PFMS to districts which is a significant achievement for all the stakeholders, he said. (PTI)