Circular 85: Principles for Adjusting State Budget Construction Investment Capital Plans

Circular 85: Principles for adjusting the state budget construction investment capital plan (Illustrative image)

Circular 85/2014/TT-BTC stipulates the principles of adjusting the construction investment capital plan from the state budget for implementing Forest Protection and Development Plan as follows:

- Periodically, ministries, central agencies, and localities review the progress and investment objectives of the projects within the year to adjust the investment capital plan within their authority or submit to the Prime Minister of the Government of Vietnam for adjustment of the investment capital plan, transfer funds from projects that cannot be implemented to projects that are eligible and have volumes to be paid.

- Before sending the adjusted investment capital plan for each project according to their authority or submitting to the Prime Minister of the Government of Vietnam; ministries, central agencies, and localities shall direct the Project Owner to stop payments at the expected adjustment time and work with the State Treasury to confirm the amount of capital in the annual plan that has been paid for the project, identify the surplus capital due to failure to implement, ensuring that the project's plan after adjustment is not less than the amount the State Treasury has paid according to Form No. 02/XNVTT issued with this Circular. Ministries, central agencies, and localities are responsible for the disbursement data and the adjusted planned capital amount. The deadline for sending the adjusted investment capital plan is no later than May 15 of the year following the planned year.

Note: Ministries, central agencies, and localities shall adjust the investment capital plan, send it to the same-level financial agency and the State Treasury as the basis for payment. The annual adjustment deadline for each project's investment capital plan is no later than May 31 of the year following the planned year. The appraisal of adjusted capital allocation is carried out as per regulations.

The adjusted capital plan of the projects must be within the total annual planned capital allocated and within the medium-term plan (if any). The total adjusted capital must not exceed the plan already assigned by the Prime Minister of the Government of Vietnam for central budget funds and not exceed the plan assigned by the Chairperson of the provincial or district People’s Committee for local budget funds according to Form No. 03/DCKH issued with this Circular.

Details can be found at Circular 85/2014/TT-BTC effective from August 15, 2014.

Ty Na

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