HYDERABAD: The state government has decided to rewrite the existing and age-old Treasury Code for transparent financial management. A steering committee with 14 officers was constituted on Tuesday for rewriting the Treasury Code.
According to orders issued on Tuesday, the Andhra Pradesh Financial Code Volume - I & II, Andhra Pradesh Treasury Code Volume - I & II and Accounts Code Volume - I & II & III were last updated more than three decades ago during 1980s.
Lot of changes have taken place since then consequent to various administrative reforms taken up by the government, computerisation, delegation of powers, conversion of non-banking sub treasuries into banking, online transfer of funds through NEFT/RTGS more importantly due to proposed introduction of CFMS package.