"Work on to provide online financial info to all" PTI | Shillong
Posted online: January 11, 2008
The Centre along with states is developing a system to provide online information on the flow of funds and work done by programme executing agencies to the lowest level, the country's top official accountant said.
The Finance Ministry is building a Management Information and Decision Support System that seeks to ensure transparency, accountability, efficient governance and better service delivery, Controller General of Accounts (CGA) VN Kaila informed.
The Finance Commission has released funds to states for computerizing their treasuries, after which they will be linked to a database, he added.
"Some states like Karnataka and Orissa already have their own database with sound financial management information systems, which has resulted in improved transparency, accountability and the allocative efficiency of public money," Kaila said.
"The CGA's office has established an MIS system for reporting the release position for 27 central flagship schemes. For developing the MIS, a web-enabled reporting tool has been used for processing and consolidating accounts of the Union Government," he said.
Besides, a core accounting solution (CAS) is being developed in CGA's Office that aims at leveraging technological advances by the IT, telecom and banking sector for enhanced services to the client.
He said the CAS would consist of a network of dedicated services at CGA, ministries, state treasuries, departments, major agencies and additional modules for all stakeholders.
"Once implemented, real time financial information would be available online to everyone. In due course, the State Governments and other stakeholders would be given user rights to make utilization position available against the releases made by the Central Government," Kaila informed.
"The accountability and transparency regarding the use of public resources and their mobilization is not only of domestic importance, but is also vital for global investment choices. Every state should have automatic information to assist finance management," Kaila said.