Regulations to Know When Estimating the Cost of Protecting and Developing Rice Cultivation Land

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In accordance with Circular 18/2016/TT-BTC, the annual preparation of the estimated budget for the protection and development of rice cultivation land will be undertaken by the Department of Finance, in cooperation with the Department of Agriculture and Rural Development and related agencies. This process will be based on the plan to convert specialized rice cultivation land for non-agricultural use in the locality, projecting the revenue for the protection and development of rice cultivation land to consolidate into the local budget revenue and expenditure estimate, reporting to the Provincial People's Committee to submit to the People's Council at the same level for decision.

Furthermore, this Circular stipulates the estimated budget for supporting local rice production as specified in Clause 2, Article 7 of Decree 35/2015/ND-CP: Annually, based on the statistical data of the rice cultivation land area for the year immediately preceding the year of budget preparation, the Provincial People's Committee will guide its subordinate units to formulate expenditure estimates, which will be consolidated by the Department of Agriculture and Rural Development and sent to the Department of Finance and the Department of Planning and Investment to incorporate into the local budget expenditure estimate, and report to the Ministry of Finance and the Ministry of Planning and Investment alongside the state budget estimate for the planned year.

After the Prime Minister of the Government of Vietnam allocates the target supplement expenditure estimate for the implementation of rice production support policies for localities, based on the allocated estimate, the Provincial People's Committee will submit to the People's Council at the same level to distribute this expense to carry out the expenditure items as specified in Article 4 of this Circular.

The compliance and final settlement of the support budget for the protection and development of rice cultivation land shall be carried out in accordance with the current provisions of the State Budget Law and its guiding documents.

For the full text of the regulation, see Circular 18/2016/TT-BTC, effective from March 7, 2016.

Thu Ba

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