Vietnam: Current procedures for inspecting, appraising and announcing annual budget statements

According to Circular No. 137/2017/TT-BTC of the Ministry of Finance of Vietnam, procedures for inspecting, appraising and announcing annual budget statements are as follows:

1. In reference to superior budgetary units of budget-using units: 

- The superior budgetary unit shall inspect annual budget statements and notify the inspection result to its affiliated entities under regulations in Article 6 herein.

- Before inspecting the annual budget statement, the Director of the superior budgetary unit shall send a notice of inspection plan to its affiliated units and to the level I budgetary unit for cooperation purpose.

2. In reference to Level I budgetary units

- The Level I budgetary unit shall inspect annual budget statements and notify the inspection result to its affiliated units (including Departmental-affiliated office and ministerial-affiliated office) under regulations in Article 6 herein.

- The Level I budgetary unit shall appraise statements made by the inferior units which are inspected by the superior budgetary unit in accordance with regulations in Article 7 herein;

- Before inspecting the annual budget statement, the Director of the Level I budgetary unit shall notify the inspection plan to its affiliated budgetary units and to the finance authority of the same level for cooperation purpose.

3. In reference to finance authorities of various levels:

- The finance authority shall appraise the statement made by the Level I budgetary unit of the same level and notify the appraisal result under regulations in Article 7 herein.

- As for statements of commune-level budget: The superior finance authority shall appraise such statements and notify the appraisal result as well as consolidate the statements made by its affiliated entities in accordance with regulations in Article 8 herein.

View the time limit for submission of annual budget statements at Circular No. 137/2017/TT-BTC of the Ministry of Finance of Vietnam, effective from February 10, 2018.

- Thanh Lam -

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