Supreme audit institutions (SAIs) can become valued partners in objectively evaluating resources, economy, and effectiveness of public expenditure to provide insight for optimising public finance management, CAG GC Murmu said on Wednesday.
Comptroller and Auditor General of India Murmu was addressing the 57th Governing Board Meeting of the Assembly of Asian Organization of Supreme Audit Institutions (ASOSAI), said an official release.
Stating that protection of the environment requires collaboration across boundaries, he assured that SAI India will strive to make ASOSAI a model organisation and encourage its members to act in a spirit of global partnership.
In his address, Murmu said SAIs would appreciate that the economic slowdown triggered by the pandemic has forced the governments to do more with limited resources through innovations in its processes to achieve desired outcomes.
Supreme audit institutions can become valued partners in objectively evaluating resources and economy, efficiency, and effectiveness of public expenditure thereby, providing insight for optimisation of public finance management, he added.
The CAG informed the members that the Human Development Report of 1990 put people at the forefront of development debate by rightly pointing out “People are the real wealth of nations”.