07 Expenses Not Accounted for in Operational Costs of the VBSP

05:05, 11/07/2024

This is one of the notable contents regulated in Circular 62/2016/TT-BTC issued by the Ministry of Finance on April 15, 2016.

Accordingly, Circular 62 specifically lists the items that are not allowed to be accounted into the operating expenses of the Vietnam Bank for Social Policies, including:

- Losses that have been compensated by the Government of Vietnam, insurance agencies, or the party causing the damage.- Expenses for penalties due to administrative violations, environmental violations, overdue loans resulting from subjective reasons, and violations of financial policies.- Expenses for basic construction investment, procurement, upgrading, and renovation of fixed assets from basic construction investment funds.- Expenses for repairs, maintenance, and equipment for welfare assets such as housing and rest houses of officials and public employees of the Vietnam Bank for Social Policies. Expenses for other welfare projects.- Contributions to localities, social organizations, and other agencies.- Expenses exceeding the limits as prescribed in this Circular and other relevant legal documents.- Expenses covered by other funding sources.

See details in Circular 62/2016/TT-BTC effective from June 1, 2016.

-Thao Uyen-

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