DIGIT Public Finance Management
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v2.4
v2.4
  • 👋Introducing Public Finance Management (PFM)
    • Release Notes
      • Service Build Updates
      • MDMS & Configuration Updates
      • Test Cases
      • Data Migration
  • Understanding Public Finance
    • Public Finance Strategy & Approach
      • Approach Framework
    • Value Proposition
    • Potential Use Cases
  • Specifications
    • iFIX Specifications
      • Functional Specifications
  • Exemplars
    • PFM Implementations
      • Odisha
        • MUKTASoft
  • Technology
    • Design Approach
    • Tools
    • Architecture
      • High-Level Design
      • Low Level Design
        • DIGIT Exchange
        • Program Service
  • Setup
    • Install iFIX
      • Install Using GitHub Actions In AWS
    • Configuration
      • Configuring Master Data
      • Services
        • Program Service
        • DIGIT Exchange
        • MUKTA iFIX Adapter
    • Source Code
  • Community
    • Public Finance Blogs
      • Re-imagining Digital PFM in India
      • A Transformative Odyssey: The Impact of Smart Payments in Benefit Delivery
      • Why PFM Needs Fiscal Information Exchange Standards
      • News and Events
    • Ecosystem
      • Partner Engagement
    • Discussions
    • Issues
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  1. Understanding Public Finance

Value Proposition

A digital solution for governing bodies to manage public finance.

  • The iFIX solution provides a standardized framework allowing central governance bodies, state finance departments, and private institutions to institutionalize fiscal events, ensuring interoperability across multiple government tiers.

  • Onboard state or federal units and create their instances for streamlined management of public finance initiatives.

  • Access to real-time data on the system results in effective and faster decision-making.

  • Establish benchmarks for efficient implementation and improvement in service delivery.

  • Integrate the iFIX solution to expand capabilities in managing fiscal events at various levels, and reduce processing time and administrative burden linked to public finance transactions.

  • Develop new models that can address various concerns, including -

    • fiscal discipline and sustainability at all levels of government,

    • effective resourcing for responding to emergencies and disasters,

    • optimal strategies for raising credit/debt by the government,

    • effective plans for improvements in the efficiency of public goods creation/maintenance and delivery of public services

    • factors in making direct benefits more inclusive

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Last updated 3 months ago

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