Digital finance boosts fiscal balance: DEA

INDIA'S DIGITAL PUBLIC financial management framework has become the cornerstone of its fiscal discipline, generating substantial savings that have created space for growth-enhancing capital expenditure, Economic Affairs Secretary Anuradha

- FE BUREAU

Thakur said.Integrating the Public Financial Management System (PFMS) with digital payments and Direct Benefit Transfer (DBT) has ensured that subsidies and welfare benefits reach citizens directly, sharply reducing leakages, Thakur said at the first-ever Global South seminar on Public Financial Management (PFM) here.

Complementing this, digital tools for revenue mobilisation—such as e-invoicing, e-way bills and faceless assessments—have expanded the tax base and curbed evasion.