Allocation, Management, Utilization, and Settlement of Agricultural Promotion Funds

The allocation, management, use, and settlement of agricultural promotion funds shall be implemented in accordance with the regulations of the State Budget Law of 2015, Decree 163/2016/ND-CP dated December 21, 2016, of the Government of Vietnam detailing the implementation of certain provisions of the State Budget Law, and guiding documents of the Ministry of Finance. Additionally, Circular 75/2019/TT-BTC provides further guidance on certain contents as follows:

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- For Central Agricultural Promotion Funds

Based on the allocated estimates and the management regulations of the central agricultural promotion programs and projects, and regular agricultural promotion tasks, the Ministry of Agriculture and Rural Development (MARD) shall allocate and assign the central agricultural promotion fund estimates to its affiliated units and send them to the Ministry of Finance for checking as per current regulations, and concurrently to the State Treasury where transactions are conducted for implementation. MARD's affiliated budget-estimating units shall directly implement or assign tasks as stipulated by Decree 32/2019/ND-CP dated April 10, 2019.

- For Local Agricultural Promotion Funds

Based on the allocated estimates, People's Committees at all levels or the local state management agency for agricultural promotion as authorized (Department of Agriculture and Rural Development or other agencies) shall allocate and assign the detailed local agricultural promotion fund estimates by unit and content, send them to the financial agency of the same level for checking as per current regulations, and concurrently to the State Treasury where transactions are conducted for implementation. Budget-estimating units shall directly implement tasks or place orders as stipulated by Decree 32/2019/ND-CP of the Government of Vietnam.

- Based on the budget expenditure estimates assigned by the competent authority, units shall submit dossiers and documents to the State Treasury where transactions are conducted for expenditure control implementation. The State Treasury shall control and disburse expenses for agricultural promotion projects and tasks as per the regulations stipulated in Circular 161/2012/TT-BTC and Circular 39/2016/TT-BTC, and their amendments, supplements, replacements (if any).

- Units directly utilizing agricultural promotion funds are responsible for accounting, managing, using, and settling funds for implementing agricultural promotion projects and tasks in accordance with Decree 32/2019/ND-CP, this Circular, and related documents. For agricultural promotion projects and tasks implemented through contract signing with the host agency, documents serving as the basis for payment and settlement shall be kept at the host agency.

- Units directly utilizing agricultural promotion funds must settle accounts with the Ministry of Agriculture and Rural Development or the authorized agency (for central agricultural promotion funds); and settle accounts with the local state management agency for agricultural promotion (for local agricultural promotion funds). The Ministry of Agriculture and Rural Development, local state management agency for agricultural promotion (Department of Agriculture and Rural Development, other agencies) shall submit annual settlements to the financial agency of the same level for appraisal.

See additional regulations in Circular 75/2019/TT-BTC, effective from January 01, 2020.

Thu Ba

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