Govt accounting system needs to be error free : Jaitley

Speed Post News Network

New Delhi : Union Finance and Corporate Affairs Minister Arun Jaitley on March 1, 2018, said that there is a certain amount of sanctity which must remain attached to the Government Accounting System. He said that the Government’s word on its own accounting system must never be questioned.

Delivering the inaugural address at the 42^nd Civil Accounts Day function here in the national capital, Jaitley said that while there are Government Departments that can function with a fairly high amount of accuracy, the Civil Accounts Department is one that can’t afford to err because a small error can lay a huge footprints. He said that the accounts need to be error free since the Government informs the nation on the state of public finances. Jaitley said that sanctity of work is important and involves high level of efficiency which adds to the integrity of the Government, according to a PIB release.

Jaitley said that the Accounting System should never come under questioning and in this regard, he is happy to note that the sanctity and credibility of the Accounting System and the Organization has been maintained over the years.

The Finance Minister appreciated the effective use of technology and the tools employed by the CGA organization and Indian Civil Accounts Service in particular. Jaitley expressed his happiness that the Accounting System has been fully integrated with the GST Network, the RBI and the banks which has been instrumental in providing timely and reconciled reports on collections of CGST, SGST and IGST etc.