New Regulations on Temporary Disbursement of Saved Project Management Funds

05:10, 11/07/2024

This is an important content stipulated in Circular 06/2019/TT-BTC amending and supplementing Circular 72/2017/TT-BTC on the management and use of proceeds from project management activities by investors and project management boards using state budget funds.

According to the new regulations, the temporary disbursement of savings in project management funding is carried out as follows:

- The investor and the Project Management Board (PMB) temporarily disburse the funds that are likely to be saved in the planned year as follows:- For additional income disbursement: The temporary disbursement of additional income in the year is carried out quarterly or every 6 months. The maximum temporary disbursement for each time does not exceed 70% of the wage fund by rank, position stipulated by the state corresponding to 03 months or 06 months of the investor and PMB.- For rewards and collective welfare activities: The investor and PMB temporarily disburse rewards and collective welfare activities within the year.- At the end of the fiscal year, after the project management costs have been approved by the investor, if the actual savings are less than the estimated savings that the unit has temporarily disbursed and the amount the State Treasury has paid, the PMB is responsible for repaying the excess disbursed funds into the account of the investor and PMB opened at the State Treasury where transactions are conducted.

More details can be found in Circular 06/2019/TT-BTC which takes effect from March 15, 2019.

- Thanh Lam -

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