What are contents of appraisal of annual budget statements sent by the budgetary unit in Vietnam?

What are contents of appraisal of annual budget statements sent by the budgetary unit in Vietnam? - image from internet

Pursuant to Clause 1 Article 7 of the Circular 137/2017/TT-BTC on inspection, appraisal, notification and consolidation of annual budget statements issued by the Minister of Finance, the contents of appraisal of annual budget statements sent by the budgetary unit in Vietnam are stipulated as follows:

According to the annual budget statement and inspection notice sent by the superior budgetary unit or Level I budgetary unit as prescribed in Clause 2 and 3 Article 3 and Clause 3 Article 6 herein, the appraisal authority shall:

a) check the list of budget statements, the list of financial statements and inspection notice as prescribed in Clause 2 and 3 Article 3 and Clause 3 Article 6 herein, and ask for additional information if such statements and financial statements are found unsatisfactory;

b) check the sufficiency and consistency of the data provided in the budget statement. To be specific:

- Check to ensure data provided in the statement consolidated by the Level I budgetary unit is consistent to the one specified in the inspection notice issued by its affiliated entity. If the data provided in the budget statement made by the Level I budgetary unit is inconsistent with the one specified in the inspection notice, such unit must provide a representation and additional information as a basis for inspection. If such data in the budget statement prepared by Level I budgetary unit is found incorrect, check the budget statement based upon the data provided in the inspection notice prepared by its affiliated entity;

- Check the budget balance carried over from the previous year according to the data provided in the inspection notice or notice of adjustment to the budget statement in the last year;

- Check the amount of funding received according to the data confirmed by the State Treasury which carries out the transaction;

- Check the funding amount declared in the budget statement within the given estimate according to the data provided in the inspection notice of affiliated entities and the amount used upon consideration of the State Treasury;

- As for revenues from business operation and service provision, the appraisal authority shall consolidate budget statements according to the reports on revenues from service provision;

c) check the increases and decreases in the statement compared to the estimate given by the competent authority;

- Check the causes for increases and decrease in fees and charges provided in the statement and other state budget revenues compared to the budget estimate given by the competent authority as per provisions of the law on management of taxes, fees and charges and other state regulations on revenues.

- Check the budget estimate given in the year to ensure total expenditure amount and expenditure on each particular field match those specified in the estimate given by the competent authority (including the estimate given in the beginning of the year, additional or adjusted estimate in such year) Check the estimate made for expenditure from aids under regulations on management of state finance applied to non-refundable aids according to the estimate given and data on revenues and expenditures in the year as regulated;

- Check the causes for increases and decreases in expenditure amounts provided in the budget statement compared to the expenditure estimate given by the competent authority;

d) Check implementation of recommendations given by competent regulatory agencies through inspection, audit and appraisal of annual budget statement;

dd) Give comments on the annual budget statement according to the appraisal result.

Above are contents of appraisal of annual budget statements sent by the budgetary unit in Vietnam. Please refer to the Circular 137/2017/TT-BTC for more details.

Best regards!