On June 30, 2014, the Ministry of Finance promulgated Circular 85/2014/TT-BTC guiding the management, payment, and settlement of investment capital for construction projects from the state budget for the implementation of the Forest Protection and Development Plan.
Regulations on Reporting the Investment Capital Plan for State Budget Construction (Illustration)
Circular 85/2014/TT-BTC stipulates the policies for reporting the investment capital plan for state budget construction in implementing the Forest Protection and Development Plan as follows:
For investors, ministries, and provinces and centrally-run cities: implement reporting policies according to the provisions in Decision 52/2007/QD-TTg and Circular 05/2007/TT-BKH.
For the State Treasury:
- Implement reporting policies as prescribed by the Ministry of Finance;- At the end of the plan year, the State Treasury consolidates payment data for investment capital and reports to the financial body of the same level in accordance with regulations on state budget settlement;- At the end of the plan year, the State Treasury confirms the payment amount for the year, the cumulative payment from the start of construction until the end of the state budget year for each project as prepared by the investor at two time points: by January 31 of the following year and by June 30 of the following year.
For details, refer to Circular 85/2014/TT-BTC effective from August 15, 2014.
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