Funding Sources for Renovation and Expansion of Physical Facilities

00:48, 11/07/2024

The Ministry of Finance issued Circular 92/2017/TT-BTC on September 18, 2017, detailing the funding sources for renovating and expanding infrastructure.

Circular 92 stipulates the funding for implementing repair, maintenance, renovation, upgrading, and expansion projects for physical facilities from the following funding sources:

- Regular budgetary funds from the state budget in various sectors as prescribed by the Law on State Budget.- Fees retained as per policy regulations for regular expenditures.

Additionally, Circular 92 specifically enumerates the principles that must be adhered to when managing funds, including:

- Funds for the implementation of repair, maintenance, renovation, upgrading, and expansion of physical facilities that belong to any budget level shall be guaranteed by that level's budget and shall be included in the annual estimates of agencies and units as prescribed by the Law on State Budget and other relevant legal documents.- Funds for the implementation of repair, maintenance, renovation, upgrading, and expansion of physical facilities must be managed and used for the correct purposes, in accordance with policies, and as prescribed.

See details in Circular 92/2017/TT-BTC effective from November 10, 2017.

-Thao Uyen-

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