Circular 72/2023/TT-BTC stipulating the criteria for classifying public service providers in the financial sector from February 01, 2024.
Circular 72/2023/TT-BTC stipulates classification criteria for public service providers in the finance sector effective from February 1, 2024?
Article 4 of Circular 72/2023/TT-BTC stipulates the criteria for classifying public service providers effective from February 1, 2024, as follows:
Classification criteria for public service providers in the finance sector
1. Classification by authority of establishment
a) Public service providers established under the authority of the Government of Vietnam.
b) Public service providers established under the authority of the Prime Minister of the Government of Vietnam.
c) Public service providers established under the authority of the Minister of Finance.
d) Public service providers established under the authority of the Provincial and Central City People's Committees.
2. Classification by self-sufficiency
a) Public service providers fully covering both recurrent and investment expenditures;
b) Public service providers fully covering recurrent expenditures;
c) Public service providers partially covering their own recurrent expenditures;
d) Public service providers whose recurrent expenditures are covered by the state budget.
According to the above regulation, the classification criteria for public service providers in the finance sector are divided into two criteria:
(1) Classification by authority of establishment
- Public service providers established under the authority of the Government of Vietnam.
- Public service providers established under the authority of the Prime Minister of the Government of Vietnam.
- Public service providers established under the authority of the Minister of Finance.
- Public service providers established under the authority of the Provincial and Central City People's Committees.
(2) Classification by self-sufficiency
- Public service providers fully covering both recurrent and investment expenditures.
- Public service providers fully covering recurrent expenditures.
- Public service providers partially covering their own recurrent expenditures.
- Public service providers whose recurrent expenditures are covered by the state budget.
Circular 72/2023/TT-BTC stipulates classification criteria for public service providers in the finance sector effective from February 1, 2024. (Image from the Internet)
Which public service providers in the finance sector are not subject to classification criteria under Circular 72/2023/TT-BTC?
Article 2 of Circular 72/2023/TT-BTC stipulates the scope of subjects as follows:
Scope of subjects
1. This Circular applies to:
a) Public service providers established by authorized agencies according to the law with operations related to public services in the finance sector.
b) Agencies, organizations, and individuals involved in the establishment, merger, consolidation, and dissolution of public service providers in the finance sector.
2. This Circular does not apply to:
a) Public service providers under the Ministry of Public Security and the Ministry of National Defense (if any).
b) Public service providers under the management of the Ministry of Finance and provincial and city Departments of Finance operating in the fields of information and communications, science and technology, education and training, economic services, and other fields outside the finance sector.
c) Off-budget state financial funds or other organizations operating in the finance sector under the management mechanism similar to public service providers.
d) Public service providers specified in Clauses 6 and 7, Article 2 of Decree No. 120/2020/ND-CP dated October 7, 2020, of the Government of Vietnam on the establishment, reorganization, and dissolution of public service providers (unless otherwise provided by the law).
Thus, according to the above regulations, the following public service providers in the finance sector are not subject to classification criteria under Circular 72/2023/TT-BTC:
- Public service providers under the Ministry of Public Security and the Ministry of National Defense (if any).
- Public service providers under the management of the Ministry of Finance and provincial and city Departments of Finance operating in the fields of information and communications, science and technology, education and training, economic services, and other fields outside the finance sector.
- Off-budget state financial funds or other organizations operating in the finance sector under the management mechanism similar to public service providers.
- Public service providers specified in Clauses 6 and 7, Article 2 of Decree No. 120/2020/ND-CP dated October 7, 2020, of the Government of Vietnam on the establishment, reorganization, and dissolution of public service providers (unless otherwise provided by the law).
Principles for the establishment, merger, consolidation, and dissolution of public service providers in the finance sector from February 1, 2024?
Article 3 of Circular 72/2023/TT-BTC stipulates the principles for the establishment, merger, consolidation, and dissolution of public service providers in the finance sector from February 1, 2024:
The establishment, merger, consolidation, and dissolution of public service providers in the finance sector must comply with the provisions of Article 4 of Decree No. 120/2020/ND-CP dated October 7, 2020, of the Government of Vietnam on the establishment, reorganization, and dissolution of public service providers (hereinafter referred to as Decree No. 120/2020/ND-CP).
Circular 72/2023/TT-BTC will take effect from February 1, 2024.
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