Principles for the Implementation of Financial Autonomy and Self-Responsibility

08:06, 11/07/2024

The Ministry of Finance issued Circular 72/2017/TT-BTC on July 17, 2017, listing the principles that need to be met when exercising autonomy and financial self-responsibility for projects using foreign budgets.

Circular 72 stipulates the principles when exercising financial autonomy and self-responsibility, including:

- Completing the assigned tasks. For activities involving the provision of investment consultancy services in construction, they must be in line with the assigned functions and tasks, in accordance with the unit's professional and financial capabilities, and must not affect the unit’s primary responsibilities.- Implementing transparency and democracy as prescribed by law.- The exercise of autonomy must be tied to the responsibility before the directly superior management agency and before the law regarding its decisions; and must be subjected to inspection and supervision by competent state agencies.- Ensuring the interests of the State, the rights, and obligations of organizations and individuals as prescribed by law.

See details Circular 72/2017/TT-BTC effective from September 15, 2017.

-Thao Uyen-

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