This Circular stipulates the provision of capital grants for basic construction from the central budget to local budgets, aimed at addressing weaknesses in the management and utilization of investment capital for basic construction. Localities will proactively allocate their own financial resources and other sources to implement the investment construction plan.
适用范围
Provinces and centrally-administered cities
要点
- Provinces and cities will proactively allocate funds from the local budget and other sources to implement the investment construction plan.
- The central budget will provide additional grants to localities when self-generated funds are insufficient to ensure the implementation of the investment plan.
- The level of grant is determined annually based on state planning targets and the ability to balance various funding sources.
- The local basic construction financial plan must be reported to the Ministry of Finance, including all basic construction capital allocated in the local budget.
- Grant capital will be disbursed at the beginning of each quarter through account 740 of Construction Expenditure.
🌐 本文件的社会影响
- Positive impact: Enhance the efficiency of investment capital for basic construction, accelerate the pace of basic construction at the local level.
- Negative impact: May cause difficulties in managing and allocating funds among localities.
❓ 常见问题
What should provinces and cities do to receive grants from the central budget?
Provinces and cities need to proactively allocate their own financial resources and other sources, and prepare the basic construction financial plan and report it to the Ministry of Finance. If the funds are insufficient, the central budget will consider additional grants.
How is the level of grant from the central budget determined?
The level of grant is determined annually based on state planning targets for the volume of basic construction investment and the ability to balance funding sources for basic construction in each province and city.
When will the central budget disburse grant capital?
The central budget will disburse grant capital at the beginning of each quarter through account 740 of Construction Expenditure, based on the determined grant level and the local basic construction financial plan.
What reports must provinces and cities submit to the Ministry of Finance?
Provinces and cities need to prepare the basic construction financial plan based on the volume of basic construction investment targets recorded in the state plan and report it to the Ministry of Finance.
How is the method of disbursing grant capital for basic construction abolished?
All grant capital for basic construction from the central budget to local budgets shall be recorded under Type IX Item 125 Sub-item 1, and the Departments of Finance need to adjust their accounting records accordingly.
全文
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIET NAM |
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Number: 16-TC/NSĐP |
Hanoi, April 14, 1975 |
CIRCULAR
Regarding capital assistance for basic construction from the central budget to local budgets
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In recent years, to facilitate the use of basic construction capital in provinces and centrally-administered cities, the central budget has annually provided capital assistance to local budgets for basic construction investment in two categories:
- Capital assistance for projects approved by the central government for design;
- Capital assistance for projects arranged by local authorities.
The distribution of central capital assistance as mentioned above, as well as the use and management of basic construction investment capital in provinces and cities at present have revealed many shortcomings and deficiencies such as:
- Dispersed allocation of capital across many locations and too many projects,
- Failure to fully exploit and utilize local self-owned capital resources.
- etc...
To address these shortcomings and deficiencies, to fully leverage all local capabilities, accelerate the pace of basic construction in each locality, and ensure the implementation of state plan targets on basic construction investment volume allocated to each locality, from now on, the investment of basic construction capital in provinces and centrally-administered cities and the disbursement of basic construction capital by the central budget to local budgets will be carried out as follows:
1. Based on the current financial management system, the basic construction investment capital of provinces and cities shall be proactively arranged by the local administrative committees using local budget revenue.
Additionally, local budgets will have the following sources of capital to ensure expenditure requirements for basic construction in the locality:
- Remaining surplus of previous local budgets;
- Self-owned capital of local state enterprises (development fund, welfare fund, etc.);
- Long-term loans from the State Bank (Circulars No. 22-TT/LB dated January 14, 1970 and No. 446-TT/LB dated December 12, 1970 issued jointly by the Ministry of Finance and the State Bank).
2. For localities where their own local budget capital, combined with other local capital mobilization sources as mentioned above, are insufficient to ensure the implementation of the basic construction investment volume recorded in the state plan, the central budget will consider additional assistance.
The level of central budget capital assistance for basic construction to local budgets will be determined annually based on the state plan targets for basic construction investment volume allocated to each locality after considering the balance of funds reserved for basic construction in each province and city.
3. Provincial and city administrative committees, based on the basic construction investment volume targets recorded in the state plan, will prepare financial plans for basic construction and report them to the Ministry of Finance. Local financial plans for basic construction must include comprehensive calculations of local capital mobilization factors and other factors as guided in Circular No. 7-TC/NSĐP dated March 13, 1974 of the Ministry of Finance.
With the entire basic construction capital allocated in the local budget annually (including any basic construction capital assisted by the central budget, if applicable), it must ensure the completion of projects listed in the state plan target directory approved by the central government for provinces and centrally-administered cities.
4. Based on the level of central budget capital assistance for basic construction that has been determined and based on the local financial plan for basic construction submitted to the Ministry of Finance, the central budget will disburse capital assistance at the beginning of each quarter to provinces and cities through the Construction Supply Account 740 as directed in the Ministry of Finance's Circular No. 17-TC/TDT dated September 12, 1974.
5. From now on, the method of providing central budget capital assistance for basic construction to local budgets divided into two types of basic construction as before is abolished. All central budget capital assistance for basic construction to local budgets will be recorded under Category IX Item 125 Subitem 1.
Financial Departments and Construction Supply Accounts need to adjust their accounting records for the first months of 1975.
During the implementation process, if encountering any difficulties or obstacles, localities should promptly report to the Ministry of Finance for study and resolution.
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DEPUTY MINISTER OF FINANCE
Hoang Van Dinh |
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