J&K becomes first UT in the country to launch Public Financial Management System at district level

Srinagar, October 23: Jammu and Kashmir on Friday became the first Union Territory in the country to operationalize Public Financial Management System (PFMS) at the district level with e-inauguration of eight district offices here by Additional Controller General of Accounts, Subodh Kumar Mathur.The rolling out of these offices in Jammu and Kashmir will result in improved program administration and management, direct payment to beneficiaries and greater transparency and accountability in use of public funds at the district level and below levels. Joint Controller General of Accounts, Sushil Pal and Assistant Controller General of Accounts, Shakeel Maqbool were present on the occasion.Pertinently, PFMS State Directorate J&K was established in 2016 in J&K like in rest of states and UTs to operationalise PFMS.