Chennai, Feb 8 (PTI): The Tamil Nadu government will tap technology and switch over to an integrated financial system to help improve the state’s fiscal management, Deputy Chief Minister O Panneerselvam said Friday. Also Read - Tamil Nadu: Patients Complain Of Graft, Corruption In Chennai COVID Facilities
The Integrated Financial and Human Resources Management System (IFHRMS), a first of its kind in the country, ensures digitisation of the treasury system, seamlessly integrating it with human resource and budget management, Panneerselvam, who holds the Finance portfolio, said while presenting the budget for the year 2019-20, here. Also Read - Lockdown-Like Restrictions to be Reimposed in Tamil Nadu From Today. Full List of Curbs Here
“The government recognises the importance of an efficient tax administration to improve resource mobilisation. Also Read - Tamil Nadu Announces Fresh COVID Curbs: Ban on Religious Events From April 10 | What's Allowed & What's Not
I am glad to state that Tamil Nadu is undertaking major e-governance initiatives aimed at improving fiscal management,” he said.
He said the initiative was formally rolled out by Chief Minister K Palaniswami last month, adding the entire state would fully migrate to IFHRMS by April.
Panneerselvam said with the implementation of the system, the state would be able to narrow down the revenue deficit in future.
This is published unedited from the PTI feed.