Conditions for State Budget Expenditures through State Treasury from August 6, 2020

Conditions for spending the state budget via the State Treasury from August 6, 2020 - Illustrative image

Article 2 Circular 62/2020/TT-BTC stipulates the conditions for spending the state budget via the State Treasury as follows:

- The state budget (NSNN) expenditure shall only be executed when the conditions stipulated in Clause 2 Article 12 of Law on State Budget 83/2015/QH13 are met. Specifically: it must be within the budget estimate allocated, except for certain special cases; it has been approved by the head of the budget-using unit, the investor, or the authorized person to make the expenditure decision and meets the specific conditions in the following cases:

- For basic construction investment, the conditions stipulated by the laws on public investment and construction must be met;- For recurrent expenditure, it must comply with the correct policies, standards, and expenditure norms stipulated by competent state authorities; in cases where agencies and units have been authorized by competent authorities to implement autonomy and take responsibility for the use of staffing and funding, it must comply with internal expenditure regulations and be in line with the allocated autonomous budget estimate;- For national reserve expenditures, the conditions stipulated by the laws on national reserves must be met;- For procurement packages under tasks, programs, and projects that require tendering to select service providers, consultants, goods suppliers, and constructors, tendering must be conducted following the laws on tendering;- For expenditures for work conducted under the state's order or planned assignment, it must comply with the regulations on pricing or fees and charges issued by competent authorities.

- Complete documentation must be provided as stipulated in Decree 11/2020/ND-CP dated January 20, 2020, by the Government of Vietnam, which prescribes administrative procedures in the field of State Treasury (Decree No. 11/2020/ND-CP).

- Documentation must ensure legality and validity according to current legal regulations.

Details of the document can be found at Circular 62/2020/TT-BTC, effective from August 6, 2020.

Le Vy

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