Guidelines for Preparing Cost Estimates Allocated to the State Audit Office of Vietnam

The preparation of estimates, management, and finalization of funds assigned to implement the State Audit Office's priority policies shall be carried out as follows:

- Annually, the State Audit Office estimates the funds to be allocated at 5% of the planned year; prepares an expenditure estimate for the allocated funds of the planned year and sends it to the Ministry of Finance.- The expenditure estimate for the funds allocated from the 5% source shall be separately noted in the annual revenue and expenditure estimate of the State Budget of the State Audit Office.- Handling discrepancies between the allocated funds and the allocated budget estimate: The Ministry of Finance will consider resolving discrepancies between the allocated funds based on confirmed findings and recommendations that are higher or lower than the allocated budget estimate of the State Audit Office as follows:

- In case the allocated funds based on confirmed findings and recommendations are higher than the allocated budget estimate, then the shortfall will be allocated in the budget estimate for the year after the year the confirmation is made.- In case the allocated funds based on confirmed findings and recommendations are lower than the allocated budget estimate, then the surplus will be deducted from the allocation required for the year after the year the confirmation is made.

Refer to the related regulations in Circular 16/2019/TT-BTC, effective from May 10, 2019.

- Thanh Lam -

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