Vietnam: 03 arising cases for adjustment of the unit estimate using budget in 2012

Specifically, according to Article 9 of the Circular No. 177/2011/TT-BTC of the Ministry of Finance of Vietnam, the implementation of the adjustment of the unit estimate using the budget is as follows:

- In case it is necessary to adjust the estimate between the units using the attached budget without changing the total amount and details according to each assigned expenditure field, estimate units level I shall issue decisions on adjustment of estimates among related budget-using units and concurrently send them to State Treasuries for transactions. For budget-using units that have to reduce their estimates, the State Treasury shall check the balance of the estimates before making a transaction, confirm the adjustment, so that the units can report to the level-I budget estimate units (fax, photocopy) notifying other budget users to increase the estimate. For budget-using units that are entitled to an increase in their estimates, the State Treasury shall check and confirm the reduction in estimates of other relevant budget-using units before increasing the estimate for such units. In case there is not enough balance left for adjustment, the budget-using unit shall report to the level-I estimate unit for adjustment.

- In case a level I estimate unit is assigned an additional estimate by a competent authority to perform arising tasks, if the decision to supplement the estimate already shows details of the expenditure field and the implementing unit, it is not required to make an allocation plan and send it to the financial agency for appraisal, but to allocate and assign the estimate to the affiliated unit and notify State Treasury is concerned to carry out.

- In case the cost estimate is adjusted from the non-autonomous budget to the autonomous regime, the irregular budget to the regular budget, the unit needs to have the consensus of the financial authority to ensure the allocation of funds to carry out the assigned tasks.

View more details at the Circular No. 177/2011/TT-BTC of the Ministry of Finance of Vietnam, effective from January 01, 2012.

Le Vy

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