Principles for Management and Use of Funds from the State Budget

19:06, 10/07/2024

Circular 03/2019/TT-BTC was issued by the Ministry of Finance on January 15, 2019, detailing specific principles for the management and use of funds from the state budget.

Accordingly, Circular 03 stipulates the principles of management and utilization of funds from the state budget, including:

- The content and expenditure levels from the state budget supporting the implementation of initiatives are the maximum levels. Based on the capacity to balance resources, Ministers of Ministries, Heads of central agencies, and People's Councils of provinces and centrally-run cities shall decide on specific contents and spending levels for initiatives to ensure appropriateness.- Ministries, central agencies, People’s Committees of provinces and centrally-run cities, and organizations and individuals are responsible for managing and utilizing state budget funds to carry out initiatives effectively, ensuring correct purposes, conformability with current standards, norms, expenditure policies, and being subject to inspection and control by competent authorities according to the provisions of law.

See details Circular 03/2019/TT-BTC effective from March 3, 2019.

-Thao Uyen-

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