Which of the following statements is true about the GFEBS Spending Chain?

The correct statement regarding the GFEBS Spending Chain is that it includes processes for purchasing and expenditure tracking. The GFEBS (General Fund Enterprise Business System) Spending Chain encompasses a comprehensive set of procedures that manage the complete lifecycle of financial transactions, which includes not only purchasing but also tracking expenditures to ensure proper allocation and usage of funds.

This integrated approach ensures that all financial activities are efficiently managed from the initial request for goods or services through the final payment, enabling organizations to maintain effective oversight and accountability of government spending. The focus on both purchasing and expenditure tracking is essential for maintaining financial integrity and supporting decision-making processes within the framework of government financial management.