general financial rules

1. General Financial Rules

2. Background of the GFR
First published during the British rule
Then revised in 1951 incorporating all
orders issued by the Government of
Pakistan

3. Background of the GFR (contd)
The latest revision and compilation was
done during the RIBEC project in late 90s
Not statutory rules, but were executive
orders of the provincial and central govt.

4. Scope and Contents of GFR
Applicable in all government offices
in the matter of overall financial
management and control
The contents include:
◦ management of the receipts and revenue
◦ expenditure and payment of govt money
◦ budgeting and accounting
◦ management of stores and assets
◦ and so on...

5. Chapter 1: Definitions
Accounts officer
Controlling officer
Non-recurring expenditure
Re-appropriation
Financial year
Drawing officer
Heads of Departments
And so on...

6. Chapter-2:
GENERAL SYSTEM OF FINANCIAL
MANAGEMENT AND CONTROL

7. I -RECEIPT OF MONEY
Accounting without any delay
moneys cannot be removed from the
public accounts without the consent of
the Finance Division

8. STANDARDS OF FINANCIAL
PROPRIETY