Conditions for Projects to be Assigned State Budget Capital Investment Construction Plans
On June 30, 2014, the Ministry of Finance promulgated Circular 85/2014/TT-BTC guiding the management, payment, and settlement of investment capital for construction projects from the state budget for the implementation of the Forest Protection and Development Plan.
Article table of contents
Conditions for projects to be allocated state budget construction investment capital (Illustrative photo)
Circular 85/2014/TT-BTC stipulates that to facilitate the management and payment control, Ministries, sectors, and localities shall allocate development investment capital plans for each project, ensuring the conditions for projects to be allocated state budget construction investment capital to implement the Forest Protection and Development Plan as follows:
- For investment capital from the central budget supporting investment for forest protection and development projects, all project investment procedures must comply with regulations; new projects commencement or projects adjusting total investment managed by localities with a total investment of 15 billion VND or more must be appraised for funding sources by the Ministry of Planning and Investment and the Ministry of Finance, for projects with a total investment of less than 15 billion VND, the provinces, centrally run cities (referred to as localities) shall conduct funding source appraisal according to current regulations;- For investment capital from local budgets to implement the forest protection and development plan, localities shall appraise funding sources before approving the project as per current regulations.
In addition, this Circular stipulates that immediately after receiving the annual state budget development investment capital plan approved (or notified) by the Prime Minister of the Government of Vietnam and the Ministry of Planning and Investment, Ministries, sectors, and localities shall promptly allocate capital plans for each project according to Form No. 01/PBKH attached to this Circular; the time for allocating capital plans must comply with the regulations of the Prime Minister of the Government of Vietnam and the Minister of Planning and Investment.
Details are available at Circular 85/2014/TT-BTC, effective from August 15, 2014.
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