Exploitation of Irrigation Works Requires Financial Reporting

Circular 73/2018/TT-BTC was issued by the Ministry of Finance on August 15, 2018, providing guidance on the use of financial resources in the management and operation of irrigation works funded by the state, replacing Circular 11/2009/TT-BTC.

Annually, before March 30, water resource management units must prepare financial reports detailing the financial sources, the use of financial sources according to the plan, and the settlement of the reporting year for each respective entity as follows:

- Water resource management units responsible for managing, operating, and protecting water resource projects within the district shall submit their reports to the District Finance Planning Department and the Department of Agriculture and Rural Development.- Water resource management units responsible for managing, operating, and protecting water resource projects within the province or centrally governed city shall submit their reports to the Provincial Finance Department and the Department of Agriculture and Rural Development.- Water resource management units responsible for managing, operating, and protecting centrally governed water resource projects: The Ministry of Agriculture and Rural Development will compile and submit reports to the Ministry of Finance.

For more information, refer to Circular 73/2018/TT-BTC, which took effect from October 1, 2018.

- Thanh Lam -

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