Public Financial Management (PFM) refers to the systems, processes, and practices that governments use to manage public funds. It includes budgeting, financial reporting, auditing, and expenditure management to ensure efficient, transparent, and accountable use of public resources for economic development and social welfare.
Government of West Bengal has created a Centre for Fiscal Policy and Public Finance, West Bengal (CFPPF-WB) to train officers of Government of West Bengal and parastatals in various aspects of Public Financial Management (PFM).