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GFR 2005 (General Finance Rule 2005)

 General Finance Rule 2015 (GFR - 2005)

Government of India, Ministry of Finance Department of Expenditures announce General Finance Rule 2005 to followed all offices of Government of India while dealing with matters of a financial nature.

General Financial Rules were first issued in 1947 and were in the form of executive instructions. These were subsequently modified and issued as General Financial Rules, 1963. Over the last four decades, these GFRs had to be amplified and supplemented by various decisions of the Government of India. Many of the rules had also become redundant. These developments including a rapid growth of alternative service delivery systems, developments in information technology, outsourcing of services and liberalization of the system of procurement, accounting and disposal of goods in line with the international practices necessitated an overall review of the General Financial Rules, 1963. A Task Force was set up for this purpose. The report submitted by the Task Force was widely circulated to all the Departments and Ministries and their suggestions were duly considered for making appropriate changes.

General Financial Rules, 2005 have evolved as a result of the wide consultations and extensive review. The rules have been simplified and put in a logical sequence for easy comprehension. The appendices and forms of General Financial Rules, 1963 have also been comprehensively reviewed but for the sake of convenience and to avoid confusion, the existing form numbers have been retained. Provisions regulating advances to government servants have been excluded from GFs as these are distinct from direct government expenditure. These provisions have been issued separately as a compendium.

It is expected that General Financial Rules, 2005 will provide great  flexibility to officers in transacting government business while ensuring accountability commensurate with responsibility at different levels of Government

Finally, Department of Expenditure would like to place on record the excellent work done by the Task Force on review of GFRs, the GA, the Office of the C&AG, Budget Division of Department of Economic Affairs and the Ministries and Departments which gave valuable inputs for carrying out the exercise.

 

Click Here for Full Access of GFR 2005 Pdf.

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