Content to Ensure in Expenditure Control through the State Treasury in Vietnam from August 6, 2020

Content to Ensure in Expenditure Control through the State Treasury in Vietnam from August 6, 2020

According to Article 6 of Circular 62/2020/TT-BTC, the State Treasury's inspection, control, and reconciliation must ensure the following content:

- The expenditures must be included in the estimates assigned by the competent authority in accordance with the Law on the State Budget; have been decided by the head of the budget-using unit or the authorized person; the unit's account balance must be sufficient for the expenditure.

- The completeness, legality, and validity of the dossiers and documents for each expenditure, ensuring that the dossiers are complete as per current legal regulations and consistent between accounting documents and related records.

- The seal and signature on the documents must match the registered transaction seal and signature sample at the State Treasury (the registered transaction seal and signature sample at the State Treasury must remain valid); In case of transactions through the State Treasury's Public Service Information Portal, the digital signatures on the documents must match the titles of the members as per the decision of the competent authority and must have been registered with the State Treasury.

- The expenditure content must conform to the economic content code as prescribed by the current Budget Index (excluding expenditures from the Deposit Account).

- Compliance with policies, standards, and spending limits set by competent state agencies. In case agencies or units have been authorized to implement autonomy mechanisms, control must ensure compliance with the internal spending regulations and be consistent with the Self-Management Authorization Decision of the competent authority, policies, standards, and spending limits set by competent state agencies, the allocated autonomy estimates, and guidelines in Circular 62/2020/TT-BTC.

- The advance amounts must comply with the stipulations in Circular 62/2020/TT-BTC. The content requesting advance payment must align with the content proposed in the advance request.

- For expenditures requiring contracts to be sent to the State Treasury, the State Treasury, based on the payment request dossier of the budget-using unit, the payment terms stipulated in the contract, the assignment document, or internal subcontracting agreement (in case of self-implementation), the number of payments, payment stages, payment timing, payment conditions, advances, payment account, and value of each payment, will make advances and payments to the beneficiary.

Details of the document can be found at Circular 62/2020/TT-BTC, issued on June 22, 2020.

Le Vy

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