Circular No. 337-TC/VP dated 1997 by the Ministry of Finance guides relevant units and agencies to handle difficulties in revenue collection and budget disbursement, including adjustments to regulations on payment receipts, documentation records, and permission to transfer expenditure items within allocated limits.
Scope of application
Departments of Finance and Prices, State Treasury at provincial and centrally-administered city levels; budgetary fund using entities
Key points
- Abolish the requirement for revenue collection agencies to sign and stamp on payment receipts (Article 1)
- The State Treasury retains only the summary record of supporting documents prepared by budgetary fund using entities instead of retaining all documentation records (Article 1)
- Budgetary fund using entities may adjust expenditure items within allocated limits, except for 11 mandatory categories which require approval from the same-level financial authority (Article 1)
- Require completion of budget allocation and disbursement to budgetary fund using entities by October 31, 1997; otherwise, funding will be temporarily suspended (Article 2)
- The State Treasury shall consider transitioning from provisional advances to implementing the approved annual budget (Article 2)
🌐 Social impact of this document
- Facilitate greater flexibility for budgetary fund using entities in adjusting expenditure items and reduce administrative procedural difficulties
- Enhance responsibility of higher-level management authorities in timely allocation and disbursement of budgets to subordinate units
- Reduce workload on the State Treasury regarding document storage, thereby saving costs
❓ Frequently asked questions
Are budgetary fund using entities allowed to adjust expenditure items within allocated limits?
Yes, but only within the scope of the allocated limit and must comply with regulations concerning 11 mandatory categories (Article 1)
When will the State Treasury suspend funding for budgetary fund using entities?
If by October 31, 1997, entities have not received detailed budgets from higher-level management authorities (Article 2)
How does the State Treasury retain documentation records?
Retain only the summary record of supporting documents prepared by budgetary fund using entities instead of retaining all documentation records (Article 1)
Full text
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIET NAM |
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No.: 337-TC/VP |
Hanoi, September 16, 1997 |
CIRCULAR
OF THE MINISTRY OF FINANCE NO. 337 TC/VP DATED SEPTEMBER 16, 1997
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The Ministry of Finance hereby issues the following:
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- Ministries, ministerial-level agencies, government agencies, and central organizations, |
1. Pending issuance by the Ministry of Finance of official documents amending Circular No. 20 TC/KBNN dated April 25, 1997, and Circular No. 24 TC/KBNN dated May 13, 1997, to promptly address difficulties encountered in budget collection and disbursement, the Ministry of Finance requests Provincial Departments of Finance and State Treasury Offices under centrally governed cities to immediately implement the following provisions:
- Abolish the requirement for revenue-collecting agencies to sign and stamp on payment receipts as stipulated in Circular No. 24 TC/KBNN.
- Abolish the requirement for the State Treasury to retain a full set of disbursement documentation, instead retaining only the summary record of vouchers prepared by budget-using units (with the seal and signature of the unit head).
- Permit budget-using units to adjust expenditure items within their allocated limits, including transferring funds from Item 134 for use in other expenditure categories. For the 11 mandatory expenditure items (as specified in Circular No. 93 TC/NSNN dated May 21, 1997), any adjustments must be approved by the same-level financial authority.
2. To date, many budget-using units have not yet received their annual budgets from authorized bodies. The Ministry of Finance requests higher-level management agencies to complete detailed allocations and disbursements of the 1997 state budget according to the State Budget Item List for subordinate budgetary units. By October 31, 1997, if detailed budgets have not been allocated and disbursed to budget-using units, the State Treasury Office shall temporarily suspend funding until completion, while informing higher-level management agencies.
For amounts previously advanced at the beginning of the year, based on approved annual budgets and disbursement conditions, the State Treasury Office shall review and convert advances into actual state budget expenditures.
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Pham Van Trong (Signed) |
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