Regulations on Project Codes and Investment Capital Plans for State Budget Construction

Regulations on project codes and public investment capital plans for state budget construction (Illustrative image)

Circular 85/2014/TT-BTC stipulates that Central Ministries, sectors, and People’s Committees (PCs) at all levels allocate development investment capital for each project according to investment project codes and economic sectors (type, category) as follows:

For projects managed by Central Ministries and sectors:

- Based on the medium-term development investment capital plan (if any) and the annually assigned development investment capital plan, Ministries and sectors allocate annual capital plan targets to investors under their management who meet the stipulated conditions, ensuring compliance with the assigned capital levels; domestic capital structure, foreign capital structure, economic sector structure; and at the same time send the plan to the Ministry of Planning and Investment, the Ministry of Agriculture and Rural Development, the Ministry of Finance, and the State Treasury within the regulated timeframe for monitoring and management;- The State Treasury (central) receives the detailed development investment capital plan allocated by Ministries and sectors for each project, and implements the transfer of the project capital plans (detailed with program codes, investment project codes, and economic sector codes (type, category)) from Ministries and sectors to the State Treasury (local) as a basis for capital control and payment;- For ODA capital, Ministries and sectors send the detailed allocated capital plan for each project to the commercial bank where the investor opens the account for capital transaction execution.

For investment capital managed by local authorities:

- Based on the medium-term plan (if any) and the annually assigned plan, PCs at all levels develop capital allocation plans and submit them to People’s Councils at the same level for decision. According to the resolution of the People’s Councils, PCs allocate and decide the investment capital plans for investors under their management who meet the stipulated conditions, ensuring compatibility with the assigned investment targets; domestic capital structure, foreign capital structure, economic sector structure; and at the same time send the plan to the Ministry of Planning and Investment, the Ministry of Agriculture and Rural Development, the Ministry of Finance, the Department of Finance, and the State Treasury within the regulated timeframe for monitoring and management and as a basis for capital control and payment;- PCs at district level send the investment capital plans to the Department of Finance, concurrently to the Finance and Planning Department and the State Treasury (district) for monitoring and as a basis for capital control and payment.

Details can be found at Circular 85/2014/TT-BTC, effective from August 15, 2014.

Ty Na

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