The new systems are intended to reduce paperwork, improve the monitoring of government spending and make financial transactions more accountable
KRC TIMES NE Desk
Aizawl | Mizoram Chief Minister Lalduhoma on Wednesday launched four digital financial management systems aimed at improving transparency in public expenditure, strengthening fiscal oversight and ensuring faster delivery of government benefits.
The initiatives – Mizoram Integrated Works Accounts System (MIWAS), e-Sanction, e-Budget and 100 per cent Direct Benefit Transfer (DBT) – were launched at the Chief Minister’s Office on October 15. The new systems are intended to reduce paperwork, improve the monitoring of government spending and make financial transactions more accountable.
MIWAS will streamline works accounts in six departments: Public Works, Public Health Engineering, Power and Electricity, Irrigation and Water Resources, Environment, Forest and Climate Change, and Land Resources, Soil and Water Conservation.
The system is expected to improve the reconciliation of expenditure records with the Accountant General and ensure that expenditure vouchers are properly submitted through the Treasury.
The e-Budget module will enable government departments to prepare and submit budget proposals online through the Integrated Financial Management Information System (IFMIS). The move is expected to reduce paperwork, minimise calculation errors and shorten delays in the budget preparation process.
The e-Sanction system will facilitate electronic processing of expenditure approvals, allowing proposals to move from Drawing and Disbursing Officers and Heads of Departments to the concerned administrative departments and the Finance Department. It is also designed to prevent departments from spending beyond their approved budget allocations.
Under the 100 per cent DBT system, payments under state government schemes, including Thlai Thar Leina, the state’s crop procurement initiative, the flagship Bana Kaih scheme and power subsidies, will be transferred directly to beneficiaries’ bank accounts after the Treasury clears the bills.
The system will also allow beneficiaries and government officials to track payment status through IFMIS, potentially improving transparency and reducing delays in the disbursement of assistance.
