Implementation of public financial management system improves accountability and transparency in education.
The deployment of the Public Financial Management System (PFMS) in Kerala's education sector has resulted in a paradigm shift in financial management techniques. This paper examines the transformative impact of PFMS on the state's educational system, with a focus on enhanced money management, accountability, and transparency. PFMS has effectively reduced students' financial constraints and ensured timely payments through streamlined scholarship disbursement, fostering uninterrupted academic pursuits. The centralization of financial data recording within the system has led to improved overall accountability, reduced the likelihood of fund misuse, and increased transparency. Furthermore, PFMS has significantly lightened the administrative burden on finance staff, enabling them to concentrate on strategic financial planning and analysis. The success of PFMS in the education sector paves the way for its potential implementation in other government agencies, offering effective public financial management and governance for the advancement of the country.
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Ajumol et al. (2025) studied this question.
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