Circular No. 72/1998/TT-BTC guides the content of revenue and expenditure for organizations of Veterans' Associations in administrative agencies, public institutions, and state-owned enterprises. This document specifies sources of income and expenditures for the activities of these associations.
Scope of application
Organizations of Veterans' Associations in administrative agencies, public institutions, and state-owned enterprises
Key points
- The Veterans' Association has a source of revenue from membership fees according to the Charter (Article 1)
- Revenue from donations, support, and fundraising by organizations and individuals both within and outside the country (Article 1)
- Expenditures include expenses for political and economic propaganda and education, training and professional development for association work, allowances for staff engaged in association work, and other costs to serve the activities of the Association (Article 2)
- Expenditure must comply with current norms, standards, and regulations (Article 2)
- The Veterans' Association base must maintain accounting records to monitor revenue and expenditure, ensure financial transparency, and report final accounts to the agency or unit (Article 3)
🌐 Social impact of this document
- Support for the activities of organizations of Veterans' Associations in state agencies
- Strengthen financial management over revenues and expenditures of these associations
- Reduce transparency and oversight regarding finances if guidelines are not followed
❓ Frequently asked questions
What sources of revenue are specified in Circular No. 72/1998/TT-BTC?
Organizations of Veterans' Associations may collect membership fees, donations, support, and fundraising from organizations and individuals.
Which expenditures are guided by this Circular?
This Circular specifies expenditures for political and economic propaganda and education, training and professional development for association work, and allowances for staff engaged in association work.
What responsibilities do the bases of Veterans' Associations have regarding financial management?
They must maintain accounting records to monitor revenue and expenditure, implement a system of financial transparency, and report final accounts to the agency or unit.
Expenditures must comply with which regulations?
Expenditure must comply with current norms, standards, and regulations.
When does this Circular take effect?
15 days after the date of issuance (May 25, 1998).
Full text
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIET NAM |
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Decision No. 72/1998/TT-BTC |
Hanoi, May 25, 1998 |
CIRCULAR
ISSUED BY THE MINISTRY OF FINANCE DECISION NO. 72/1998/TT-BTC DATED MAY 25, 1998 GUIDING THE CONTENTS OF REVENUE AND EXPENSES FOR ORGANIZATIONS OF VETERANS ASSOCIATION IN GOVERNMENT ADMINISTRATIVE AGENCIES, PUBLIC INSTITUTIONS, AND STATE ENTERPRISES
Pursuant to Directive No. 487/TTg dated July 3, 1997 of the Prime Minister on the organization and operation of Veterans Associations in government administrative agencies, public institutions, and state enterprises; the Ministry of Finance guides financial management for revenue and expenditure contents of organizations of Veterans Association in government administrative agencies, public institutions, and state enterprises (collectively referred to as agencies or units) as follows:
1. Sources of revenue ensuring the operation of organizations of Veterans Associations in agencies and units include:
- Membership fees retained according to provisions in the Charter of the Association.
- Revenue from donations, support, and fundraising by domestic and foreign organizations and individuals for the organization (if any).
- Revenue from fund-raising activities of local Veterans Associations such as organizing labor days, collecting money or goods.
- Support from administrative agency and public institution budgets according to legal provisions; support from two reward and welfare funds of state enterprises for the operation of the association in connection with the enterprise's functions and tasks.
- Other sources of revenue (if any).
2. Contents of expenses for Association activities:
- Expenses for organizing conferences to disseminate, popularize, and educate on politics and economics.
- Training and professional development expenses for association staff.
- Allowances for association staff according to regulations of the competent authority.
- Other expenses serving Association activities such as purchasing books, newspapers, office supplies, etc...
The above expense items must comply with current financial expenditure standards and regulations.
3. Local Veterans Associations in agencies and units must maintain accounting records for revenue and expenditures, implement financial transparency systems, and report final accounts to the agency or unit according to the Association's Charter and current regulations.
This Circular takes effect fifteen days from the date of issuance. Any issues arising during implementation should be reported to the Ministry of Finance for study and resolution.
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PHAM VAN TRONG (Signed) |
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