Vietnam: Responsibilities of state agencies in formulating state budget estimates in 2014

Specifically, according to Article 12 of the Circular No. 90/2013/TT-BTC of the Ministry of Finance of Vietnam, responsibilities of ministries, central agencies and localities in formulating the 2014 state budget estimates are specified as follows:

- Based on the announced inspection number, ministries, central agencies and People's Committees of provinces and central-affiliated cities shall guide and notify the check number of budget revenue and expenditure estimates to affiliated costing units and subordinate budgets according to regulations.

- The Ministry of Planning and Investment shall assume the prime responsibility for, and coordinate with the Ministry of Finance in, making the 2014 estimate of development investment expenditures and the plan for allocation of development investment expenditures (including the plan for allocating investment capital for the development of national target programs) to the Ministry of Finance before September 10, 2013.

- Implement the renewal of the work program on estimate making to ensure quality and practice thrift and efficiency in the organization of budget construction in 2014, specialized agencies of the Ministry of Finance do not discuss with the Department of Finance. The organization of the work of formulating, summarizing and reporting the 2014 budget estimate in accordance with the provisions of the Law on State Budget of Vietnam, its guiding documents and the contents guided by this Circular; fully report on the contents and forms according to the provisions of Circular No. 59/2003/TT-BTC dated June 23, 2003 of the Ministry of Finance and relevant forms specified in this Circular; send to the Ministry of Finance and State Audit before July 20, 2013 for ministries and central agencies, and before July 25, 2013 for provinces and central-affiliated cities and register to discuss budget estimates between leaders of the provincial People's Committees and the Ministry of Finance for the years in the period of budget stability (if necessary).

View more details at Circular No. 90/2013/TT-BTC of the Ministry of Finance of Vietnam, effective from August 14, 2013.

Le Vy

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