Inspection and Allocation of Construction Investment Capital from the State Budget for the Implementation of the Forest Protection and Development Plan

Verification of the Allocation of Construction Investment Capital from the State Budget for the Implementation of the Forest Protection & Development Plan (Illustrative Image)

Circular 85/2014/TT-BTC stipulates the verification of the allocation of construction investment capital from the state budget to implement the Forest Protection and Development Plan as follows:

For projects managed by Central Ministries and sectors: The Ministry of Finance shall give verification opinions on the allocation to the Ministries and sectors within 5 working days from the date of receipt of the investment capital allocation plan from the Ministries and sectors. In case there is a project with non-compliant allocation, the Ministry of Finance shall give an opinion for the State Treasury to halt payment, and if payment has been made, to recover such paid capital for the project. Ministries and sectors are responsible for directing the investors of projects with non-compliant allocated capital to return the paid capital to the state budget and are liable for the consequences caused by the non-compliant allocation.

For projects managed by local authorities:

- For projects managed at the provincial level, during the participation with relevant units in the annual investment capital plan (including central and local budget capital), the Department of Finance simultaneously performs the task of verifying the investment capital allocation plan before the agencies submit it to the Provincial People's Committee for decision. Based on the decision on the investment capital plan assigned by the Provincial People's Committee, the State Treasury shall control the payment in accordance with regulations. In case there is a project without sufficient investment procedures, the State Treasury shall halt payment and notify the Department of Finance to submit it to the Provincial People's Committee for handling;- For projects managed at the district, town, and city under the province level (referred to as district level), the Finance - Planning Division shall perform the task of verifying the investment capital allocation plan immediately before submitting it to the District People's Committee for decision. Based on the decision on the investment capital plan assigned by the District People's Committee, the District State Treasury shall control the payment in accordance with regulations. In case a project without sufficient investment procedures is discovered, the District State Treasury shall halt payment and notify the Finance - Planning Division and the District People's Committee for handling.

For more details, see Circular 85/2014/TT-BTC, effective from August 15, 2014.

Ty Na

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