Additional tasks of the Department of Finance from March 15, 2022

The Ministry of Finance promulgates Circular 04/2022/TT-BTC guiding the functions, tasks and powers of local financial agencies under the Provincial People's Committees and the District People's Committees.

Additional tasks of the Department of Finance from March 15, 2022

Additional tasks of the Department of Finance from March 15, 2022 (Artwork)

Accordingly, from March 15, 2022, the Department of Finance has a number of additional tasks such as:

* Regarding state budget management:

- Develop and submit to the People's Committee of the province to submit to the competent authority for decision the additional plan to estimate the increase in revenue of the local budget, the plan to allocate and use the increase in revenue and save the expenditure of the local budget. methods and plans for adjusting local budget estimates according to regulations;

- To assume the prime responsibility for, and coordinate with relevant agencies in, formulating and submitting to the People's Committee of the province to submit to the competent authority to prescribe allocation norms and local budget expenditure regimes, standards and norms. according to the law...

* Regarding corporate financial management:

To advise the Provincial People's Committee according to its assignment to manage the state capital and assets invested in enterprises, cooperative economic organizations and collective economies established, contributed capital or assigned to manage according to regulations. legislation.

* About local government debt management

- Develop a 5-year, annual loan and repayment plan and a 3-year debt management program of the local government to report to the Provincial People's Committee for consideration and decision or submit to the competent authority for decision in accordance with the provisions of law. local government debt management legislation.

- Based on the local budget expenditure estimates and local financial sources decided by the competent authorities, make payment of principal, interest, fees and other expenses related to loans of the local government. full method, on time.

- Cooperate with the State Treasury in monitoring, accounting and finalizing loan withdrawals, debt receipts and debt repayments under the debt obligations of the provincial budget.

- Formulate a plan to issue local government bonds and other domestic loans and report to the People's Committee of the province to report to the competent authorities for consideration and decision.

In addition, the Department of Finance has additional tasks:

- Unify financial management of aid amounts belonging to local budget revenues in accordance with law.

- Assume the prime responsibility for, and coordinate with the Department of Justice in, performing tasks of judicial expertise in the fields of expertise and management in the locality in accordance with the law on judicial expertise.

- Synthesize statistical indicators in the Financial Sector Statistical Indicator System and the Financial Sector Statistical Reporting System according to regulations.

- Disseminate, guide, inspect and urge agencies and units under the management of the Department of Finance in the implementation of the law on inspection, anti-corruption, negative practices and thrift and anti-waste practices. .

- Instructing units and organizations to strictly comply with the regime of declaring, granting and registering the use of the code of the budget relations unit and performing other assigned tasks according to the provisions of law.

- Build and maintain local government debt database.

- Preside over and advise the Provincial People's Committee to perform the task of valuing assets in criminal proceedings in accordance with law.

Circular 04/2022/TT-BTC takes effect from March 15, 2022 and replaces  Joint Circular 220/2015/TTLT-BTC-BNV .

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