Circular No. 1110/TC/DT regarding the handling and settlement of investment capital for the year 2001 plan

LETTER

OF THE MINISTRY OF FINANCE NUMBER 1110 TC/ĐT DATED FEBRUARY 1, 2002
REGARDING THE SETTLEMENT OF INVESTMENT FUNDS FOR THE 2001 PLAN

Dear: - Ministries, ministerial-level agencies, and government agencies,

Total Company 91, central bodies of mass organizations.

- People's Committees of provinces and centrally-run cities.

Implementing the Prime Minister’s Decision at document number 154/Van phong Chinh phu-KTTH dated January 10, 2002 of the Government Office regarding the settlement of investment funds under the 2001 plan, the Ministry of Finance guides on some points concerning payment and settlement as follows:

1. Projects continuing to implement the 2001 plan until March 31, 2002 and paying capital up to April 30, 2002 include:

- Projects supplemented with capital according to Decision No. 1117/QĐ-TTg dated August 22, 2001 of the Prime Minister.

- Projects under key laboratories.

2. Projects transferring remaining funds from the 2001 plan that have not been fully paid to continue implementation in 2002 include:

- Projects allocated capital in 2001 for equipment import, contracts signed but goods did not arrive by December 31, 2001 and will be delivered in 2002.

- Projects allocated capital in 2001 for land clearance compensation or preparatory work but due to difficulties were unable to complete in 2001 and must commence at the beginning of 2002 to meet project implementation in 2002.

- Projects addressing losses from typhoons, floods, natural disasters; national target programs, the 5 million hectare forest program.

3. For projects falling under the provisions of point 2 above:

- Ministries and sectors (for centrally-managed projects) must clearly determine the remaining capital to be transferred for implementation in 2002, and submit a document to the Ministry of Finance as a basis for payment and settlement.

- Based on People's Committee decisions at provincial or centrally-run city level (for locally-managed projects), Provincial Departments of Finance and Prices shall notify the list of projects to State Treasury Offices to serve as a basis for payment and settlement.

4. Capital payments for projects mentioned in points 1 and 2 above up to March 31, 2002 will be settled within the 2001 fiscal year; capital payments after March 31, 2002 will be settled within the 2002 fiscal year.

The Central State Treasury shall instruct the State Treasury system to compile and settle both the 2001 and 2002 settlements, sending them to the Investment Department and the National Budget Department (for central funds), and Provincial Departments of Finance and Prices (for local funds) for monitoring, adjustment, and compilation of national budget settlement.

We request Ministries, ministerial-level agencies, government agencies, Total Company 91, central bodies of mass organizations, People's Committees of provinces and centrally-run cities to promptly implement this to settle payments within the prescribed timeframe.