How to prepare estimates and final settlements for supporting poor households with housing in Vietnam?

How to prepare estimates and final settlements for supporting poor households with housing? (Illustration)

To be specific, Article 6 of Circular 106/2011/TT-BTC provides guidelines on preparing, executing, and finalizing budgets in accordance with current regulations. This Circular provides detailed guidance as follows:

1. Allocation and Assignment of Estimates:

- Based on the management budget for implementing the policy of supporting poor households with housing allocated by the local budget, the People's Committee of the province or city directly under the Central Government decides to approve the management budget allocation plan and assigns it to the Department of Finance to notify the management budget to relevant agencies and organizations at the provincial level and to supplement the district-level budget with specific targets. Based on the budget level assigned by the People's Committee of the province, the district-level People's Committee decides to allocate the budget and assigns the Finance - Planning Department to notify the management budget to relevant agencies, organizations, and each commune within the area.

- Based on the assigned budget, the commune-level People's Committee and the budget-using agencies and units shall base on the current regulations on expenditure norms and the contents of expenditure specified in this Circular to prepare the budget estimates assigned according to groups of expenditure items, and send them to the financial agency and the State Treasury for coordination in organizing expenditure according to regulations. The commune-level People's Committee opens a deposit account to manage and separately pay this budget and settle accounts with the district-level budget, not with the commune-level budget.

2. Execution and Final Settlement of Budget:

- The unit using the management budget, when incurring budget expenditure tasks, must prepare documents according to regulations and send them to the same level State Treasury to withdraw the expenditure estimates.

- The State Treasury is responsible for checking the legality and validity of the documents, and the director's approval order of the unit using the budget, and making payments to the budget-using units promptly and in accordance with regulations.

- Agencies and units allocated management budgets shall finalize the used budget with the financial agency according to current regulations.

More details can be found in Circular 106/2011/TT-BTC, effective from August 28, 2011.

Thuy Tram

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