Conditions for Disbursing State Budget Funds

08:46, 11/07/2024

The Ministry of Finance issued Circular 55/2017/TT-BTC on May 19, 2017, specifically stipulating the conditions for state budget expenditures.

Circular 55 specifically stipulates the conditions for disbursing state budget funds as follows:

- The budget must be included in the allocated budget estimate. In cases where the budget estimate and the allocation of the budget estimate have not yet been decided by the competent authority, the Minister of Finance may decide to provisionally allocate funds for tasks that cannot be delayed.- Compliance with policies, standards, and norms issued by the competent state authorities applicable to the field of security and social order and safety.- Approval by the head of the budget-using unit or an authorized person, expressed in the form of a document or approval on vouchers and payment records.- In addition to the aforementioned conditions, in cases of using state budget capital and funds for basic construction investment, production investment, procurement of equipment, work facilities, and other tasks, the process must be organized through bidding as stipulated by the Bidding Law.

See details in Circular 55/2017/TT-BTC, effective from July 06, 2017.

-Thao Uyen-

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