Requirements for Local Budget Allocation Report

Tuyet Hoan

16:55, 11/07/2024

March 23, 2017, the Government of Vietnam issued Decree 31/2017/ND-CP on the regulations for the preparation, appraisal, and decision of the 5-year medium-term local financial plans, local public investment plans, and the 3-year local state budget financial plans.

When preparing a local budget allocation report, the following requirements must be adhered to:

- Accurate with the budget estimate approved by the People's Council, both in total amount and in detail according to each area, task, revenue, and expenditure assigned;- Compliant with policies, standards, and expenditure norms;- Allocate sufficient capital and funds to recover the amounts advanced before the due date for recovery within the year, counterpart funds for projects using official development assistance (ODA) and other preferential funds from foreign donors as committed;- For the allocation of development investment capital, ensure compliance with the requirements prescribed by laws on public investment, construction, and other relevant laws;- For the allocation of target-specific supplementary funds from higher-level budgets to lower-level budgets, ensure the correct targets, correct beneficiaries, and proper implementation of commitments or regulations related to the allocation of local budgets for those targets.

More details can be found in Decree 31/2017/ND-CP, effective May 10, 2017.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn