Vietnam: Summary of spending tasks from the State Treasury estimate

According to Article 8 of the Circular No. 177/2011/TT-BTC of the Ministry of Finance of Vietnam, withdraw the estimate at the State Treasury for the following expenditure tasks:

- Price subsidies for newspapers and magazines that have been assigned in the estimates of ministries and central agencies: Based on the estimate assigned by the competent authority and the progress of performing the subsidized tasks, newspapers and magazines shall carry out procedures to withdraw the estimate at the State Treasury for payment in accordance with the provisions of Circular No. 79/2003/TT-BTC dated August 13, 2003 of the Ministry of Finance of Vietnam guiding the regime of management, allocation and payment of state budget expenditures through the State Treasury.

- Funds for training foreign students in Laos and Cambodia are included in the aid expenditure: Based on the estimate assigned by the competent authority and the job requirements, the units assigned to train Lao and Cambodian international students shall carry out procedures for withdrawing the estimate at the State Treasury for payment in accordance with regulations of Circular No. 79/2003/TT-BTC dated August 13, 2003 of the Ministry of Finance of Vietnam.

- Regarding debt payment of the central budget, comply with the provisions of Clause 6, Section II, Circular No. 107/2008/TT-BTC dated November 18, 2008 of the Ministry of Finance of Vietnam on a number of points on the management and administration of the state budget.

- National trade promotion spending: Based on the assigned estimate and the implementation progress of national trade promotion programs, the Ministry of Industry and Trade of Vietnam withdraws the estimate from the State Treasury to pay program owners in accordance with Circular No. 88/2011/TT-BTC dated June 17, 2011 guiding the financial mechanism to support from the state budget to implement the national trade promotion program.

- Balanced additional expenditure from the superior budget to the lower budget: Based on the balanced supplementary estimate from the superior budget to the subordinate budget assigned by the competent authority and required to perform spending tasks, monthly, lower-level financial agencies actively withdraw their estimates at the State Treasury of the same level to ensure the balance of their budgets; the commune budget alone withdraws the estimate at the State Treasury where the transaction is made.

- Targeted additional expenditures from the central budget to local budgets assigned by the Prime Minister in the early year estimate shall be implemented as follows: based on the assigned estimate, the amount of capital to be advanced according to the regime and progress of implementation of programs and tasks (including investment capital and non-business funding) reported by the investor (or the unit assigned to perform the task); refer to the monthly payment results sent by the State Treasury agency where the transaction is located to the Department of Finance; the Department of Finance summarizes the need to withdraw targeted additional estimates from the central budget to the local budgets (according to form No. 3 attached), enclosed with the estimate withdrawal paper (according to form No. C2-09/NS attached) and send it to the State Treasury where the transaction is made to withdraw targeted additional capital from the central budget to the local budget. The maximum withdrawal amount is equal to the estimate assigned to the program or task assigned by the Prime Minister. The Department of Finance is responsible for the proposed level of targeted additional capital withdrawal from the central budget to the local budget for the implementation of programs and tasks assigned by the Prime Minister; in case of withdrawing funds for improper use or for correct purposes but not using them all, the funds must be refunded to the central budget. In case the targeted supplement from the central budget to the local budget arises during the implementation process, budget estimates (including targeted additional advances from the central budget to local budgets) are made as follows:

Particularly for targeted additional capital from the superior budget to the lower budget at local levels (including supplementing with non-estimated goals), based on the ability of revenue sources and requirements for performing tasks, the superior People's Committee shall prescribe the withdrawal of the lower-level budget estimates to suit local realities.

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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