Vietnam: 09 results of implementing the state budget's development investment expenditure tasks for the 5-year period of 2016-2020

Vietnam: 09 results of implementing the state budget's development investment expenditure tasks for the 5-year period of 2016-2020 (Illustrative Image)

According to Circular No. 71/2020/TT-BTC, the evaluation of the results of implementing the state budget's development investment expenditure tasks for the 5-year period of 2016-2020 includes the following:

• Evaluate the formulation, appraisal, and approval of investment policies and decisions for public investment projects in accordance with the Law on Public Investment and relevant government regulations.
• Compare the authorized medium-term plans for the 2016-2020 period with the proposed amount, and make adjustments and supplements to the plans based on Circular No. 71/2020/TT-BTC approved by the authorized authority. This includes details of state budget sources, government bond sources, sources of foreign borrowing/re-lending, local government borrowing sources, and central budget reserve sources for the medium-term investment plan of the central budget.
• Compare the accumulated estimated expenditures for development investment assigned annually with the medium-term plan for the 2016-2020 period. This includes the initial allocated estimate, additional and adjusted estimates during the year, central budget reserve sources, and increased revenue and cost savings. The localities should provide details of the balancing sources of the local budget and additional central budget sources from foreign and domestic capital.
• Provide information on the handling of medium-term construction debts for the 2016-2020 period, including the planned funds allocated for handling and the total remaining basic construction debts until the end of 2020.
• Report on the situation of recovering advances until the end of the 2020 plan, including advances that have not been allocated sources for recovery.
• Provide details on the supplementation, allocation, and use of reserve sources for development investment by ministries, sectors, and localities until the end of 2020.
• Compare the accumulated disbursement and implementation of the state budget's development investment tasks with the assigned estimates for the 2016-2020 period. This should be detailed for each funding source, including the 5 central hospitals and final-level hospitals located in Ho Chi Minh City.
• Report the number of completed projects handed over for use in the 2016-2020 period, the number of newly started projects in the 2016-2020 period that have not been allocated annual funds, and the number of projects transferred to the 2021-2025 period. Provide details of projects in Group A, Group B, and Group C.
• Evaluate the implementation of the task of handling and arranging houses and land according to relevant legal regulations, including the revenue and expenditure of the state budget and the accumulated estimated expenditures for development investment from this source assigned for the 2016-2020 period. Report the amount not yet used until the end of 2020 and the remaining needs for projects approved from this source. Additionally, report on the projects implemented and settled until the end of 2020 but not recorded as revenue or expenditure in the state budget balance, if any.

More details can be found in  Circular 71/2020/TT-BTC effective July 30, 2020.

Ty Na

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