Decision No. 61/2006/QD-BTC of the Ministry of Finance promulgates consumption standards for projects/programs utilizing Official Development Assistance (ODA) funds. These standards represent the maximum ceiling, and the project management board director has the authority to determine specific levels accordingly. The decision applies to both loan projects and non-refundable aid projects.
Scope of application
ODA loan projects (funded from foreign loans and domestic counterpart funds) and ODA non-refundable aid projects (funded from domestic counterpart funds).
Key points
- ODA loan projects and non-refundable aid projects.
- Consumption standards are the maximum ceilings, with the project management board director determining specific levels in accordance with the budget source.
- This decision replaces previous regulations concerning expenditure standards for ODA.
- For non-refundable aid projects, expenditure levels are applied according to the donor's standards or as specifically agreed upon by the donor's representative, the Ministry of Finance, and the supervising agency.
- This decision takes effect fifteen days after its publication in the Official Gazette.
🌐 Social impact of this document
- Positive impact: Helps ODA projects be managed and expended efficiently and transparently.
- Negative impact: May cause difficulties in implementing projects if there is no agreement on specific expenditure levels between the donor and the managing agency.
❓ Frequently asked questions
To which types of projects does this decision apply?
This decision applies to ODA loan projects (funded from foreign loans and domestic counterpart funds) and ODA non-refundable aid projects (funded from domestic counterpart funds).
What are consumption standards?
Consumption standards are the maximum ceilings, with the project management board director determining specific levels in accordance with the budget source.
When does this decision take effect?
This decision takes effect fifteen days after its publication in the Official Gazette.
How are non-refundable aid projects subject to expenditure levels?
Expenditure levels are applied according to the donor's standards or as specifically agreed upon by the donor's representative, the Ministry of Finance, and the supervising agency.
Which regulations does this decision replace?
This decision replaces previous regulations concerning expenditure standards for ODA.
Full text
Pursuant to …;
Regarding the issuance of certain expenditure standards applicable to
projects/programs using Official Development Assistance (ODA) funds
_______________
THE MINISTER OF FINANCE
Pursuant to Decree No. 86/2002/ND-CP dated November 4, 2002 of the Government stipulating the functions, tasks, powers, and organizational structure of Ministries and ministerial-level agencies;
Pursuant to Decree No. 60/2003/ND-CP dated June 6, 2003 of the Government detailing and guiding the implementation of the State Budget Law;
Pursuant to Decree No. 77/2003/ND-CP dated July 1, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to Decree No. 17/2001/ND-CP dated May 4, 2001 of the Government on the issuance of regulations governing the management and use of Official Development Assistance funds;
Based on the proposal of the Director of the Department of Foreign Financial Affairs.
Pursuant to …;
Article 1. Issued together with this Decision are "Provisions on Certain Expenditure Standards Applicable to Projects/Programs Using Official Development Assistance (ODA) Funds."
Article 2. The expenditure standards issued together with this Decision are the maximum ceilings. Within the scope of the expenditure standards prescribed in this Decision and within the permissible budget for project/program management, the directors of ODA project/program management boards shall determine specific expenditure levels applicable to the project/program in a suitable manner.
Article 3. The subjects to which this Decision applies are ODA loan projects (expenditures from foreign loans and domestic counterpart funds) and non-reimbursable ODA aid projects (expenditures from domestic counterpart funds).
For non-reimbursable ODA aid projects funded from aid sources, the expenditure levels shall be applied according to the standards set by the donor as specified in the funding agreements, or determined by representatives of the donor, the Ministry of Finance, and the project’s supervising agency in cases where the donor does not specify such standards in the funding agreements.
Article 4. This Decision shall take effect fifteen days after its publication in the Official Gazette. Previous provisions and guidelines on various types of expenditure standards for different spending items, as directed in this Decision, issued by the Ministry of Finance, or agreed upon by the Ministry of Finance for the competent ministries to issue for certain ODA projects, shall cease to be effective upon the entry into force of this Decision.
Ministries, ministerial-level agencies, central-level agencies, and People's Committees of provinces and centrally-administered cities have the responsibility to direct the implementation and guide subordinate units and ODA projects under their jurisdiction to comply with this Decision.
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