Circular 61/2017/TT-BTC: New Guidelines on Budget Disclosure

The scope of disclosure does not include data and explanatory reports in the fields of defense, security, and national reserves. Budget disclosure for Communist Party agencies, basic construction investment programs, and projects using State budget funds are carried out according to separate guidelines from the Ministry of Finance.

The Circular specifies clearly that the principle is to fully, promptly, and accurately disclose budget information while ensuring the requirement to protect state secrets according to current regulations.

For superior budget estimate units, the Circular stipulates the disclosure of State budget revenue and expenditure estimates, including reduced or additional adjustments (if any) assigned by the competent authority; other funding sources and distribution to subordinate units and authorized units; disclosure of the basis, principles, and allocation norms of the budget estimates.

Disclose data and explanations on the implementation of State budget estimates, implementation figures, and State budget settlements.

For budget-using units, disclose State budget revenue and expenditure estimates, including reduced or additional adjustments (if any) assigned by the competent authority and other funding sources.

Simultaneously, disclose explanations on the implementation of State budget estimates, quarterly, 6-month, and annual approved budget implementation figures; disclose explanations on State budget settlements and State budget settlement figures.

Regarding responsibility, the Circular specifies that the head of the budget estimate unit is responsible for disclosing the aforementioned contents according to the Circular's guidelines.

Disclosure of the stipulated contents is carried out in one or several forms as prescribed by the State Budget Law. Units with a web portal must disclose the budget through their web portal.

State budget estimate reports must be disclosed no later than 15 days from the date the superior budget estimate unit or competent authority assigns the year's start and reduced or additional adjustments within the year (if any). Quarterly and 6-month State budget implementation reports must be disclosed no later than 15 days from the end of the quarter and 6 months.

Annual State budget implementation reports must be disclosed no later than 5 working days from the date the unit reports to the direct superior budget estimate unit. State budget settlement reports must be disclosed no later than 15 days from the date they are approved by the superior budget estimate unit or competent authority.

The Ministry of Finance will inspect the budget disclosure of central-level budget estimate level I units and organizations supported by the State budget. Local financial authorities are responsible for inspecting the budget disclosure of local-level budget estimate level I units and organizations supported by the State budget.

Circular 61/2017/TT-BTC will take effect from August 1, 2017, and apply from the 2017 budget year.

Source: Bnews

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