Vietnam: Contents of a report on state financial operation results

Contents of a report on state financial operation results:

1. Revenues of the State:

Revenues of the State include state budget revenues (tax revenues; charge and fee revenues; crude oil and natural gas revenues; revenues from the State’s capital contributions and investments; revenues from non-refundable aid and other revenues) and non-state budget revenues arising in the reporting period of the units prescribed in Clause 1, Article 2 of Decree No. 25/2017/NĐ-CP of Vietnam’s Government.

2. Expenditures of the State:

Expenditures of the State include expenditures paid by the state budget (wage and remuneration expenditures and other expenditures for humans; expenditures for goods and services; wear and tear costs; support and additional expenditures; loan interest costs and loan-related charges and fees and other expenditures) and non-state budget expenditures arising in the reporting period of the units prescribed in Clause 1, Article 2 of Decree No. 25/2017/NĐ-CP of Vietnam’s Government.

3. State financial operation results:

The result of financial operations of the State is the difference between the revenues and expenditures of the State in the reporting period, which reflects the surplus (revenues higher than expenditures) or deficit (revenues lower than expenditures) of financial operations of the State.

View details of the forms of reports on national and provincial state financial operation results in Appendix II attached to Decree No. 25/2017/NĐ-CP of Vietnam’s Government, which is effective from January 01, 2018.

- Ngoc Duyen -

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