What You Need to Know About the General Financial Rules, 2017 - PDF Download Available
GFR 2017 PDF Download: What You Need to Know
If you are involved in the procurement of goods and services for the government or government-controlled statutory bodies, you need to be familiar with the General Financial Rules (GFR) 2017. These are the rules that govern the financial management and accountability of public funds. In this article, we will explain what GFR 2017 is, why it is important, how to download it, and how to use it.
What is GFR 2017?
GFR 2017 is a set of rules issued by the Ministry of Finance, Department of Expenditure, that provide a framework for regulating the financial transactions and procedures of the government. It covers various aspects of public finance, such as budgeting, accounting, auditing, internal control, procurement, disposal, grants-in-aid, guarantees, etc. It also lays down the principles, policies, and guidelines for ensuring economy, efficiency, transparency, and accountability in the use of public resources.