What are regulations on consolidating and appraising annual commune-level budget statements and notifying appraisal results in Vietnam?

What are regulations on consolidating and appraising annual commune-level budget statements and notifying appraisal results in Vietnam? - image from internet

Pursuant to Article 8 of the Circular 137/2017/TT-BTC on inspection, appraisal, notification and consolidation of annual budget statements, the regulations on consolidating and appraising annual commune-level budget statements and notifying appraisal results in Vietnam are stipulated as follows:

1. According to budget statements sent by commune-level People’s Committees or inferior finance authorities as prescribed in Clause 4 Article 3 herein, superior finance authorities shall make appraisal of annual budget statements made by inferior authorities as follows:

a) Check the list of annual budget statements prepared according to the form provided in Circular No.344/2016/TT-BTC (as for commune-level budget) and Circular No.342/2016/TT-BTC (as for district-level budget) and ask for additional data from commune-level People's Committees (for commune-level budget) or district-level financial agencies (for district-level budget) if such budget statements are found unsatisfactory;

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

- Check the amounts of various-level budget revenues provided in the budget statements compared to the ones submitted to the State Treasury;

- Check the additional amount given by upper-level budget to the lower-level one compared to the data provided by the superior finance authority and data recorded by the State Treasury;

c) Check the increases and decreases in the statements compared to the data in the budget estimate given by the competent authority;

- Check the causes for increases and decrease in fees and charges provided in the statements 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 causes for increases and decreases in expenditure amounts provided in the statements 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 budget statements;

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

2. When appraising and consolidating annual lower-level budget statements, the superior finance authority may:

a) request commune-level People's Committees (as for commune-level budget) or district-level financial agencies (as for district-level budget) to provide additional information and data necessary for the appraisal;

b) request the inspecting authority to remove illegitimate expenditures from the statements and submit payable accounts to the state budget as regulated.

c) request or ask a competent authority to request return of amounts transferred to state budget against regulations.

d) request the inspecting authority to adjust data provided in the budget statement made by the budgetary unit if any mistake is found; inferior People's Committees shall send proposal of adjustment to the budget statements to People's Councils of the same level and submit the adjusted budget statement;

dd) Take actions as authorized or request the competent authority to take legally accepted actions against violations (if any).

3. Notification of results of annual budget statement appraisal (hereinafter referred to as “appraisal result notice”):

The superior finance authority shall appraise annual budget statements and notify the appraisal result (according to Appendix 3 issued thereto) to the appraised unit and relevant entities.

Above are regulations on consolidating and appraising annual commune-level budget statements and notifying appraisal results in Vietnam. Please refer to the Circular 137/2017/TT-BTC for more details.

Best regards!