Settlement of Investment Capital and Procurement Expenses in the Ministry of Public Security

19:05, 10/07/2024

The Ministry of Public Security issued Circular 57/2016/TT-BCA on December 31, 2016, stipulating specific regulations on investment capital payment and procurement expenses within the Ministry of Public Security.

Accordingly, the issuance, payment of investment capital, and procurement expenses are regulated by Circular 57 as follows:

- The management, issuance, and payment of investment capital and procurement expenses shall be carried out in accordance with the law applicable to each source of investment capital and procurement expenses.- The issuance and payment of investment capital and procurement expenses shall be conducted in the form of budget withdrawal or payment orders. For the budget withdrawal form, based on the allocated budget, procurement units shall execute the budget withdrawal and payment as per the regulations of the State Treasury. For the payment order form, the Ministry of Finance allocates foreign currency or Vietnamese currency to the deposit account of the Ministry of Public Security to issue and pay or directly allocates foreign currency to partners executing contracts as requested by the Ministry of Public Security; functional units of the Ministry of Public Security are responsible for appraising and controlling issuance and payment documents.

See details Circular 57/2016/TT-BCA effective from February 15, 2017.

-Thao Uyen-

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