Principles for Managing Cash Receipts and Disbursements through the State Treasury System

First, the State Treasury (KBNN) shall manage cash within the internal KBNN system to ensure the demand for cash payments and disbursements for transaction units; at the same time, actively cooperate with the branches of the State Bank in provinces, centrally governed cities in the same province, or commercial banks where accounts are opened to fully and promptly meet the cash needs of KBNN.

Second, KBNN units shall make payments for the expenditures of transaction units based on the principle of direct payment by transfer from the account of the transaction unit opened at KBNN to the account of the goods and services provider, the salary beneficiary from the State Budget (NSNN), and other beneficiaries at KBNN or the bank, except for cases allowed to make cash payments specified in Article 6 of Circular 13/2017/TT-BTC.

Third, transaction units having accounts at KBNN, when making payments for the purchase of goods and services with units, organizations, and individuals having deposit accounts at KBNN or the bank, shall make payments using non-cash payment methods.

Fourth, units, organizations, and individuals having accounts at the bank or KBNN, when fulfilling obligations to contribute to the State Budget (NSNN), must prioritize non-cash payments; the revenues to NSNN by direct deduction from the account of units, organizations, and individuals at KBNN for contributions to NSNN shall comply with current lawful regulations.

For more related content, see: Circular 13/2017/TT-BTC, which took effect on April 1, 2017.

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