Timelines for allocating and assigning state budget estimates in Vietnam 2023

Timelines for allocating and assigning state budget estimates in Vietnam 2023 (Internet image)

On December 26, 2022, the Minister of Finance of Vietnam issued Circular 78/2022/TT-BTC stipulating the organization of the implementation of the state budget estimate in 2023.

1. Timelines for allocating and assigning state budget estimates in Vietnam 2023

The following is the timing for allocation and allocation of state budget estimates in 2023:

- Based on estimates of budget revenues and expenditures assigned by competent authorities, ministries and central agencies shall decide to allocate and assign budget estimates to each budget-using unit;

People's Committees at all levels shall submit to People's Councils at the same level for decision the local state budget revenue estimates and local budget expenditure estimates and decide on the allocation of budget estimates at their own level to ensure the delivery time of the 2023 budget revenue and expenditure estimates in accordance with the provisions of the Law on State Budget and guiding documents.

Organize the publicity of budget estimates in accordance with the provisions of the Law on State Budget, the documents guiding the implementation of the Law on State Budget, and the guidance in Article 12 of Circular 78/2022/TT-BTC.

- Provincial People's Committees are responsible for reporting to the Ministry of Finance the results of allocation and assignment of local budget estimates within five working days after the People's Councils of the same level decide on budget estimates.

Report the outstanding balance of mobilized capital up to December 31, 2022, the plan for borrowing and repaying debt in 2023 of the local budget, and report on the revenue, expenditure, and balance of the financial reserve fund to the Ministry of Finance of Vietnam before January 31, 2023.

- Estimating units at the central budget and local budget levels shall allocate and assign estimates of budget revenues and expenditures to attached budget-using units based on the 2023 budget revenue and expenditure estimate assigned by the Prime Minister and the People's Committee.

Send it to the finance agency at the same level and at the same time send it to the State Treasury, where the transaction is made to comply with the provisions of Articles 49 and 50 of the Law on State Budget, Article 31 of Decree 163/2016/ND-CP, and Articles 13 of Circular 342/2016/TT-BTC.

In case the level 1 cost estimate unit does not agree with the request of the financial authority, the level I estimate unit shall report it to the competent authority for consideration and handling according to the provisions of Clause 4 and Article 13 of Circular 342/2016/TT-BTC.

Furthermore, if the tasks are not clearly identified, the implementation unit in the year-end estimates of the local level I cost estimate units and the expected arising contents are included in the year-end estimates, but there is no policy of the People's Committee of the same level to allow the implementation. Implement one of two options based on the provisions of the Law on State Budget and guiding documents of the Law and the actual situation in the locality.

+ After the People's Committee assigns the budget estimate, the local level I estimate units perform the budget estimate assignment to the affiliated units based on the functions and tasks of the affiliated units and the expected tasks assigned to the units;

At the same time, in the decision to assign the cost estimate, it is clearly stated that the contents are expected to arise, but there is no policy of the People's Committee to allow the implementation and at the same time send it to the finance agency at the same level for monitoring and only when it is assigned a task by a competent authority.

In the course of implementation, if there is an excess or shortage of funds, the level-I estimate unit shall adjust the cost estimate among the affiliated units according to the provisions of the Law on State Budget and guiding documents;

+ The finance authority shall report to the People's Committee on the same level that it has not yet assigned the level I cost estimate units for the tasks that cannot be clearly identified in the year-end estimates of the level I cost estimate units and the contents that are expected to arise but have not yet been approved by the People's Committee.

When a task is decided upon by a competent authority, the finance authority shall report it to the People's Committee of the same level for issuance of a decision to assign additional cost estimates to level I estimate units.

- The input of estimates into the budget and treasury management information system (Tabmis) shall comply with the provisions of the documents of the Ministry of Finance of Vietnam guiding the procedures for entering the budget estimates into the Tabmis system.

2. To increase the base salary to 1.8 million dong from July 1, 2023. in Vietnam

According to Circular 78/2022/TT-BTC, from July 1, 2023, the base salary will be adjusted to VND 1.8 million/month.

More details can be found in Circular 78/2022/TT-BTC, effective from 09/02/2023.

Quoc Dat

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