What are regulations on assessment of implementation of tasks in 2022 of the provinces and municipality-controlled cities in Vietnam?

What are regulations on assessment of implementation of tasks in 2022 of the provinces and municipality-controlled cities in Vietnam?

In Article 10 of Circular 47/2022/TT-BTC (effective from September 12, 2022), regulations on assessment of implementation of tasks in 2022 of the provinces and municipality-controlled cities are specified as follows:

In addition to the requirements specified in Articles 4 to 9 of this Circular, the provinces and centrally-run cities shall additionally evaluate the following contents:

1. The mobilization of financial resources in the locality to perform the task of socio-economic development of the locality, difficulties, obstacles and proposals (if any).

2. Evaluation of the implementation of policies on tax exemption and reduction due to the implementation of the Socio-economic Recovery and Development Program, Resolution No. 18/ 2022/UBTVQH15 of the National Assembly Standing Committee. In case of revenue shortfall, localities shall comply with the provisions of Point b, Clause 8, Article 2 of Decision No. 2047/QD-TTg dated December 3, 2021 of the Prime Minister on assignment of state budget estimates in 2022 and Clause 7 Article 9 of Circular No. 122/2021/TT-BTC dated December 24, 2021 on organization of implementation of state budget estimates in 2022.

3. Possibility to make the 2022 development investment expenditure estimate, by each spending area (including the adjustment and supplement in the year as prescribed), details: local budget source (capital construction investment, expenses) investment from land use levy and lottery, investment spending from local budget overspending); targeted additional sources from the central budget for local budgets from domestic and foreign capital sources (including loans and grants); which clarifies:

a) The implementation of annual development investment spending tasks (excluding the socio-economic recovery and development program according to Resolution No.43/ 2022/QH15 )

- The arrangement of estimates, handling of outstanding debts for capital construction and recovery of advance capital in 2022; the remaining balance is expected by the end of 2022 (if any); handling recommendations.

- Organize the implementation and disbursement of development investment capital from local budget in the first 6 months of the year and evaluate the whole year 2022.

- The situation of allocation, implementation and disbursement of additional development investment capital with targets from the central budget for the locality in the first 6 months of the year, including the whole year 2022.

- Local budget deficit in 2022 and investment situation from this source (if any).

- Revenue increase and expenditure savings of local budget (if any).

- Status of approving, allocating funds, organizing the implementation and disbursement of investment capital from retained earnings according to the following regimes: fee revenues, retained public non-business revenues and other lawful sources of revenue, details of each spending area.

b) The implementation of development investment spending tasks according to Resolution No. 43/2022/QH15

Performance of decentralized tasks, additional estimates, allocation, implementation organization, assessment of disbursement ability up to January 31, 2023 for programs, projects and tasks under the Program and the addition of estimates, disbursement of programs, projects and tasks not under the Program, accelerated progress; advantages, difficulties, problems and recommendations (if any).

4. Report on the implementation of social security policies in the area in 2022 (report on specific subjects and implementation budget). For social security policies according to multi-dimensional poverty criteria for the period 2021-2025, funding for implementing a number of policies to encourage and support fishing, aquaculture and fishing services on the remote seas and funding for implementation of social security policies and regimes issued by the central government and effective after September 1, 2021, in which the state budget needs are determined, the central budget's support and the central budget's part. Local budgets ensure that according to the provisions of Decision No. 127/QD-TTg dated January 24, 2022 of the Prime Minister on the principle of support from the central budget for local budgets to implement social security policies promulgated by the central government on period 2021-2025.

5. The implementation of policies to support people facing difficulties due to the Covid-19 pandemic according to regulations; budget allocation (including targeted support from the central budget for local budgets - if any) and use of local budget reserves to perform security, defense, prevention, combat and overcoming consequences of natural disasters and epidemics sick. The situation of using local budget reserve, financial reserve fund (if any) until June 30, 2022, the amount expected to be used in the last 6 months of 2022.

The guidance, organization of implementation, the ability to disburse funds for the whole year for the task of providing rent support for employees who have labor relations, are renting, staying in, and working in industrial parks and zones export processing and key economic sectors according to Resolution No. 43/2022/QH15. Evaluate advantages, disadvantages, problems and recommendations.

6. Status of allocation and allocation of state budget expenditure estimates from land use levy revenues for investment in local projects and works; carry out measurements, make cadastral dossiers, issue land use right certificates.

7. Situation of revenue, expenditure, management and use of proceeds from lottery activities to invest in important local social welfare works in 2022.

8. Status of borrowing and repayment of local budget loans, including:

a) Debt balance at the beginning of the year, outstanding balance up to June 30, estimated debt balance until December 31, 2022, details according to outstanding debt source (local government bond issuance; on-lending source of Government's foreign loans according to each donor and program and project; State's development investment credit sources; other loans).

b) Mobilization amount as of June 30 and the whole year of 2022, detailed according to the purpose of mobilization (repayment of principal, overspending) and by each source of mobilized capital (ODA loan on on-lending), issuance of local government bonds, other legal sources of finance).

c) The situation of debt repayment (interest and fees) up to June 30 and the whole year 2022, details of repayment of interest and fees for domestic deposits, and sources of on-lending of foreign loans of the Government in detail for each program or project.

d) The situation of principal repayment of the loans up to June 30 and the whole year 2022, details of principal repayment of domestic mobilized funds, repayment of principal repayment of foreign loans of the Government in detail on a case-by-case programs and projects; specific to each debt repayment source (new loans to pay old debts, from bumper sources, increased revenue, and cost savings).

9. For the provinces and centrally-run cities that have been promulgated by competent authorities, specific financial-budgetary mechanisms and policies, specific assessment of the results of implementation of financial mechanisms and policies - specific local budgets (promulgated local mechanisms and policies; impact assessment on state budget revenue and expenditure results in the locality).

10. The implementation of the recommendations of the State Audit Office, the Inspectorate in the field of finance - state budget, management of public assets.

What are regulations on financial plan assessment of non-budget state financial funds in 2022 in Vietnam?

According to Article 11 of Circular 47/2022/TT-BTC (effective from September 12, 2022), which stipulates evaluation of financial plans of non-budget state financial funds in 2022, the following provisions are made:

Ministries, central agencies and local agencies and units assigned to manage off-budget state financial funds shall report on the review, restructuring, merger, shutdown or dissolution of the State financial funds. the fund operates inefficiently, for improper purposes, with duplication of objectives, tasks, service subjects or inability to be financially independent, with duplication of revenue sources and expenditure tasks with the state budget; evaluate the implementation of the revenue - expenditure plan and the assigned tasks in 6 months and the whole year 2022; difficulties and problems arise and propose solutions to handle.

Best Regards!