This document provides guidance on certain points of implementation concerning the collection and disbursement of budget funds, abolishes the requirement for revenue agencies to sign on payment receipts, changes the storage of documents by State Treasury, and allows adjustments within the allocated expenditure limits. The document applies to local Departments of Finance and Prices and State Treasuries.
Scope of application
["Departments of Finance and Prices and State Treasuries of provinces and centrally-administered cities"]
Key points
- "Departments of Finance and Prices and State Treasuries of provinces and centrally-administered cities" — abolish the requirement for revenue agencies to sign and stamp on payment receipts according to Circular No. 24 TC/KBNN
- The State Treasury retains only the list of documents prepared by budgetary units (with the seal and signature of the unit head) instead of retaining a full set of disbursement documents.
- Budgetary units may adjust expenditure items within their allocated limits, including transferring from Item 134 to fund other expenditure items. However, eleven mandatory expenditure items require approval from the same-level finance authority.
- If budgetary units do not receive their approved annual budget by October 31, 1997, the State Treasury will suspend funding and notify higher management authorities.
- The State Treasury considers transitioning from provisional advances to implementing the state budget based on the approved annual budget and disbursement conditions.
🌐 Social impact of this document
- "Departments of Finance and Prices and State Treasuries of provinces and centrally-administered cities" will save time and effort in storing documents.
- Budgetary units have additional flexibility in adjusting expenditure items but must comply with regulations regarding eleven mandatory expenditure items.
- Suspending funding for budgetary units that do not receive their annual budgets will create difficulties in fulfilling their tasks.
❓ Frequently asked questions
Do revenue agencies still need to sign and stamp on payment receipts according to Circular No. 24 TC/KBNN?
No, this requirement has been abolished.
How does the State Treasury store disbursement documents?
Only retain the list of documents prepared by budgetary units (with the seal and signature of the unit head).
Can budgetary units adjust expenditure items within their allocated limits?
Yes, but must comply with regulations regarding eleven mandatory expenditure items.
What happens if a unit does not receive its annual budget by October 31, 1997?
The State Treasury will suspend funding for the unit and notify higher management authorities.
Under what conditions can the State Treasury transition from provisional advances to implementing the state budget?
Based on the approved annual budget and disbursement conditions.
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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