Formulating state budget estimates for national target programs of Vietnam in 2014

On June 28, 2013, the Ministry of Finance issued Circular 90/2013/TT-BTC guiding the formulation of the 2014 state budget estimate.

Building  State  Budget  Estimates  for  National  Target  Programs  in  2014,  Circular  90/2013/TT-BTC

Formulating state budget estimates for national target programs of Vietnam in 2014 (Illustrative image)

According to Article 10 of Circular 90/2013/TT-BTC, ministries and agencies managing national target programs of Vietnam shall, based on the approved objectives, tasks, timelines, and resources of each national target program, and the performance results from 2011 to 2013, send proposals to the Ministry of Planning and Investment and the Ministry of Finance for submission to the Government of Vietnam for reporting to the National Assembly. They must propose funding, expenses for implementing the programs, projects according to the method of focusing funds and expenses on the key tasks of the program, detailed by investment – career funds, domestic – foreign funds.

The budget for conference, seminar, preliminary review, final review, site visits, and study tours shall not increase compared to the 2013 budget (after saving 30% of the budget allocated for these tasks); the budget for outbound delegations shall not be included in the national target program budget estimates. Decentralization and provincial responsibility shall be strengthened in integrating, allocating, and using the designated funds to achieve the common objectives of the programs, ensuring efficient and economical use of funds.

Additionally, based on the Prime Minister’s decisions approving the programs and projects, the funds allocated from the start-up period to 2013, the ministries, and agencies presiding over the programs and projects shall develop budget estimates for implementing programs and projects in 2014 according to their implementation capacity and consolidate these into the 2014 State Budget Expenditure Estimate (detailed by type of funding source) sent to the Ministry of Finance and the Ministry of Planning and Investment.

Further, based on the expected funding levels for the programs and projects notified by the Ministry of Finance and the Ministry of Planning and Investment, ministries, and central agencies assigned to manage programs and projects shall prepare allocation plans for the 2014 program and project budget estimates for the central ministries, agencies, and the localities (detailed by type of funding source) for submission to the Ministry of Finance and the Ministry of Planning and Investment for consideration and consolidation. The budget for conference, seminar, preliminary review, final review, site visits, and study tours shall not increase compared to the 2013 budget (after saving 30% of the budget allocated for these tasks); the budget for outbound delegations shall not be included in the program, project budget estimates.

For more details, see Circular 90/2013/TT-BTC, effective from August 14, 2013.

Le Vy

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