Regulations on budget estimates adjustments for budget-using units in Vietnam

Regulations on budget estimates adjustments for budget-using units in Vietnam (Illustrative photo)

Article 9 of Circular 202/2010/TT-BTC stipulates the adjustment of budget estimates for budget-using units in Vietnam as follows:

- In cases where it is necessary to adjust budget estimates among budget-using units under the management without changing the total level and specifics for each assigned expenditure field, the level I estimating unit shall issue a decision to adjust the budget estimates among the relevant budget-using units and concurrently send it to the transaction State Treasuries. For budget-using units that need to reduce the estimates, the transaction State Treasuries shall check the remaining balance of the estimates before implementation, confirm the adjustment for the unit to report to the level I estimating unit (faxed or photocopied) and notify the other budget-using units that are allocated increased estimates. For budget-using units allocated increased estimates, the transaction State Treasuries shall check and confirm the adjustment of decreased estimates from other related budget-using units before increasing the estimates for the unit. In cases where there is no remaining balance for adjustment, the budget-using unit shall report to the level I estimating unit to re-adjust.

- In cases where the level I estimating unit is assigned additional estimates by a competent authority to perform arising tasks, if the decision to supplement the estimates has detailed expenditure fields and units, it is not necessary to prepare an allocation plan to be sent to the financial authorities for appraisal, but allocate and assign the estimates to the subordinate units and notify the relevant State Treasuries to implement.

- In cases of adjusting estimates from non-autonomous policy funds to autonomous policy funds, from non-regular to regular funds, the unit must obtain a consensus opinion from the financial authority to ensure the allocated funds are sufficient to perform the assigned tasks.

More details can be found in: Circular 202/2010/TT-BTC, which comes into force in Vietnam from January 1, 2011.

Nguyen Phu

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