The Public Financial Management System (PFMS) is a web-based online so

The Public Financial Management System (PFMS) is a web-based online software application designed, developed, owned and implemented by the

[amp_mcq option1=”Department of Financial Services” option2=”Institute of Government Accounts and Finance” option3=”Controller General of Accounts” option4=”National Institute of Financial Management” correct=”option3″]

This question was previously asked in
UPSC CDS-2 – 2019
The correct answer is Controller General of Accounts.
The Public Financial Management System (PFMS) is a web-based application conceptualized, designed, and implemented by the Controller General of Accounts (CGA) under the Ministry of Finance, Government of India.
PFMS initially started as a Plan Scheme of the Controller General of Accounts in 2008-09 to track funds disbursed under plan schemes. It has evolved into a comprehensive financial management system covering payment, accounting, and reporting for all expenditures of the Government of India.