Which one of the following systems has been adopted by the Government of India to improve cash management, reduce idle balance, enhance transparency and strengthen expenditure efficiency as a major public financial management system reform?
Just-in-Time Fund Release System
The Government of India has adopted the Just-in-Time (JIT) Fund Release System as a major public financial management reform to improve cash management across ministries and departments.
Under this system, funds are released to implementing agencies only as and when actually required for expenditure, rather than being transferred in advance, which reduces idle cash balances lying unused in bank accounts.
This approach enhances transparency in fund utilisation and strengthens overall expenditure efficiency across government schemes and programmes.
Hence, the answer is the Just-in-Time Fund Release System.
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