This circular of the Ministry of Finance aims to correct an error in a previous circular concerning the time for publicly announcing the state budget at commune and ward levels. The period is changed from thirty days to fifteen days starting from when the People's Council issues resolutions on the draft budget and approves the final accounts.
Key points
- The Chairman of the People’s Committee of communes, wards, and towns must publicly announce the state budget no later than fifteen days after the People’s Council of communes, wards, and towns has issued a resolution regarding the approval of the draft budget and the approval of the final accounts - Amended according to Circular No. 122-TC/VP.
- This circular corrects the time for publicly announcing the state budget from no later than thirty days to no later than fifteen days compared to the previous regulation in Circular No. 188/1998/TT-BTC.
- The period for public announcement of the budget has been shortened, ensuring transparency and timeliness in local financial management.
- This correction does not affect other provisions in Circular No. 188/1998/TT-BTC except for the content mentioned above.
🌐 Social impact of this document
- Enhancing transparency in local financial management, helping citizens and businesses to promptly access information about the budget.
- Reducing the waiting time for publicly announcing the state budget at commune and ward levels from thirty days to fifteen days.
❓ Frequently asked questions
What is the regulation regarding the time for publicly announcing the state budget at commune and ward levels?
The Chairman of the People’s Committee of communes, wards, and towns must publicly announce the state budget no later than fifteen days after the People’s Council of communes, wards, and towns has issued a resolution on the approval of the draft budget and the approval of the final accounts.
What content in Circular No. 188/1998/TT-BTC is corrected by Circular No. 122-TC/VP?
This circular corrects the time for publicly announcing the state budget from no later than thirty days to no later than fifteen days.
Does this correction affect other provisions in Circular No. 188/1998/TT-BTC?
The correction only applies to the time for publicly announcing the state budget and does not affect other provisions.
Who is responsible for implementing the public announcement of the state budget at commune, ward, and town levels?
The Chairman of the People’s Committee of communes, wards, and towns is responsible for implementing the public announcement of the state budget.
What is the period from when the People's Council of communes, wards, and towns issues a resolution to the time of publicly announcing the budget?
No later than fifteen days after the People’s Council of communes, wards, and towns has issued a resolution on the approval of the draft budget and the approval of the final accounts.
Full text
LETTER
OF THE MINISTRY OF FINANCE NUMBER 122/TC/VP DATED MAY 19, 1999
REGARDING CORRECTION OF CIRCULAR NO. 188/1998/TT-BTC
DATED DECEMBER 30, 1998 ISSUED BY THE MINISTRY OF FINANCE
Respected: - National Assembly Office, President's Office
- Government Office
- Ministries, ministerial-level agencies, and government agencies
- Supreme People's Procuracy
- Supreme People's Court
- Central bodies of mass organizations
- Central Financial Management Board
- Provincial People's Councils, People's Committees of centrally governed cities
- Departments of Finance and Prices in provinces and centrally governed cities
Due to an error during the printing process, the Ministry of Finance hereby notifies a correction regarding the provision on the time for publicly announcing state budget information by the Chairman of the People’s Committee at the commune level as stipulated in Part IV of Circular No. 188/1998/TT-BTC dated December 30, 1998 issued by the Ministry of Finance.
Incorrectly printed content: "Not later than thirty days after the People's Council at the commune level has passed a resolution on the budget estimate and final accounts approval."
Corrected as follows: "Not later than fifteen days after the People's Council at the commune level has passed a resolution on the budget estimate and final accounts approval."
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