Decision No. 721/QD-BTC stipulates the allocation of a target to save 10% of regular budget expenditures for the year 2008 to central agencies and local authorities. This document aims to curb inflation through the reduction of unnecessary spending.
Scope of application
Ministries, ministerial-level agencies, government agencies, other central agencies, People's Committees of provinces and centrally governed cities
Key points
- Ministers, heads of ministerial-level agencies, heads of government agencies, and heads of other central agencies must allocate a target to save 10% of regular budget expenditures to their subordinate units (Article 2).
- Chairpersons of People's Committees of provinces and centrally governed cities must allocate a target to save 10% of regular budget expenditures to their subordinate agencies and district levels (Article 2).
- Agencies and organizations allocated targets for savings must implement them in accordance with the provisions of the State Budget Law.
- Ministers of ministries, heads of ministerial-level agencies, heads of government agencies, other central agencies, and chairpersons of People's Committees of provinces and centrally governed cities must report the results of implementation to the Ministry of Finance before May 20, 2008 (Article 3).
- Ministers of ministries, heads of ministerial-level agencies, heads of government agencies, other central agencies, and chairpersons of People's Committees of provinces and centrally governed cities must report the results of implementation to the Ministry of Finance before May 20, 2008, to facilitate consolidation and reporting to the Prime Minister before May 30, 2008 (Article 3).
🌐 Social impact of this document
- To help save the state budget and curb inflation.
- Agencies and organizations must adjust regular expenditures to achieve the savings target.
- Citizens may benefit from better financial management.
❓ Frequently asked questions
Who is the target for savings allocated to?
The savings target is allocated to ministries, ministerial-level agencies, government agencies, other central agencies, and People's Committees of provinces and centrally governed cities.
What is the level of savings required?
The allocated savings target is 10% of regular budget expenditures for the year 2008.
When must the results of implementing the savings target be reported?
Reports on the results of implementation must be submitted to the Ministry of Finance before May 20, 2008.
Full text
Pursuant to …;
Regarding the allocation of a 10% savings target for regular expenditures from the state budget in 2008
State budget in 2008
____________
THE MINISTER OF FINANCE
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 Decision No. 1569/QD-TTg dated November 19, 2007 of the Prime Minister on allocating the state budget estimate for 2008;
Pursuant to Decision No. 390/QD-TTg dated April 17, 2008 of the Prime Minister on managing the investment construction plan and state budget expenditure in 2008 to serve the goal of curbing inflation;
At the proposal of the Director of the State Budget Department,
DECISION:
Article 1. The ministries, ministerial-level agencies, government agencies, other central agencies, provincial People's Committees, and centrally governed city People's Committees are allocated a 10% savings target for regular expenditures from the state budget in 2008 (as attached table).
Article 2. Based on the 10% savings target for regular expenditures from the state budget in 2008 allocated in this Decision:
- The ministers, heads of ministerial-level agencies, heads of government agencies, and heads of other central agencies shall implement the allocation of a 10% savings target for regular expenditures from the state budget in detail according to each spending category for each subordinate agency, unit, and lower-level unit to carry out. - The chairpersons of provincial People's Committees and centrally governed city People's Committees shall allocate the 10% savings target for regular expenditures from the state budget in detail according to each spending category for each subordinate agency, unit, and district level; at the same time, they shall instruct the People's Committees at the district level to allocate the savings target to each subordinate agency, unit, and commune level.
Article 3. This Decision takes effect from the date of issuance. The ministers, heads of ministerial-level agencies, heads of government agencies, heads of other central agencies, chairpersons of provincial People's Committees, and centrally governed city People's Committees are responsible for organizing and implementing in accordance with the provisions of the State Budget Law and reporting the results of implementation to the Ministry of Finance no later than May 20, 2008, to ensure timely consolidation and reporting to the Prime Minister before May 30, 2008.
DEPUTY MINISTER
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