Chhattisgarh Public Financial Management and Accountability Program Current Affairs - 2020
The Government of India, the State Government of Chhattisgarh and the World Bank signed a $25.2 Million Loan Agreement to support the State’s Reforms in Expenditure Management under Chhattisgarh Public Financial Management and Accountability Program.
Chhattisgarh Public Financial Management and Accountability Program
- The reforms encompass Expenditure Planning, Investment Management, Budget Execution, Public Procurement and Accountability.
- The programme will help the state of Chhattisgarh to strengthen its Direct Benefit Transfer (DBT) and Tax Administration Systems.
- The programme will build the capacity of the State’s Human Resources and the Institutions Handling Management of Public Finances.
- The World Bank will also facilitate cross-learning from Public Financial Management (PFM) Reforms undertaken by it in the other Indian States while bringing in global experiences.
- Improvements in Public Financial Management is a key step for achieving the development potential of the state. Improvements will ensure that the State can invest more and with greater efficiency, for it’s poor and vulnerable.
- The programme which focuses on IT solutions will benefit almost 11,000 Village Panchayats and 168 Urban Municipalities in the State.
About 92 per cent households in the State of Chhattisgarh belongs to Scheduled Castes, Scheduled Tribes and Other Backward Classes. The Direct Benefit Transfers (DBTs) is being increasingly used by the Central and State Governments to channel resources to households and individuals. The Programme will support the development of systems that will facilitate inter-departmental data interaction under secured protocols and automate most of the processing and payment of DBTs in the State. Thus enhancing the efficiency of the system.