Improving financial management Treasury to save Rs 30 bn annually

Improving financial management Treasury to save Rs 30 bn annually

The Finance Ministry launched the electronic government procurement system (e-GP),as a major reform in public finances - improving transparency in procurement, minimizing room for corruption, reducing government costs by up to Rs. 30 billion, significantly increasing efficiency in public processes. Through the new e-GP system the Treasury could save nearly Rs. 30 billion, while improving the public financial management to a greater extent, according to official sources.