Using Financial Operation Results During the Year of Projects Utilizing State Budget Funds

05:10, 11/07/2024

The Ministry of Finance recently signed into issuance Circular 06/2019/TT-BTC amending and supplementing Circular 72/2017/TT-BTC stipulating the management and use of revenues from project management activities of investors and project management boards using state budget funds.

At the end of the fiscal year, after fully accounting for all expenses, taxes, and other contributions, the difference between the actual revenue used during the year being greater than the actual regular expenses, the Project Management Board (PMB) is to use this amount in the following order:

- Allocate a minimum of 25% to establish the Operational Development Fund.- Allocate to the Income Supplement Fund: a maximum not exceeding 3 times the salary fund based on rank, position, and salary allowances for officials and public employees and workers receiving salaries from project management costs.- Reward Fund and Welfare Fund: The allocation for these two funds shall not exceed 3 months of the average salary and wages realized in the year.- The remaining revenue surplus after establishing the funds as stipulated shall be added to the Operational Development Fund.

Circular 06/2019/TT-BTC takes effect from March 15, 2019.

- Thanh Lam -

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