Guidance on Finalization of Funding for Ensuring Cybersecurity

05:20, 11/07/2024

Circular 121/2018/TT-BTC has been signed and issued by the Ministry of Finance, stipulating the preparation of estimates, management, use, and settlement of funds to carry out incident response and ensure network information security. This is the first Circular detailing this issue.

According to the new regulations, the use, accounting, and settlement of funds for emergency response and network information security assurance are guided by Circular 121 as follows:

- The use of funds for emergency response and network information security assurance is according to the provisions of the Law on State Budget, guiding documents, and Circular 121;- The accounting of expenses for the implementation of emergency response and network information security assurance is carried out according to the regulations of administrative and career accounting policies and the system of state budget classifications;- The settlement of funds for the implementation of emergency response and network information security assurance is carried out in accordance with the Law on Accounting and its guiding documents, Circular 137/2017/TT-BTC.

More details can be found in Circular 121/2018/TT-BTC, which takes effect from February 01, 2019.

- Thanh Lam -

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