New Instructions on the Use of State Treasury Accounts at Banks

19:15, 10/07/2024

The Ministry of Finance recently issued Circular 131/2017/TT-BTC amending and supplementing certain articles of Circular 315/2016/TT-BTC on the management and use of accounts of the State Treasury (KBNN) opened at the State Bank of Vietnam and commercial banks.

The provincial and district-level State Treasuries shall use the State Treasury accounts at banks as stipulated as follows:

For payment accounts:

- Execute the State Treasury's fund collection and expenditure;- Carry out end-of-day settlement transactions of revenues and expenditures arising from the general payment accounts of the State Accounting Department at the same commercial banking system;- Deposit and withdraw cash of the district-level State Treasuries.

For specialized collection accounts:

- Used to centralize the State Budget revenues;- Carry out end-of-day settlement transactions of State Budget revenues to the general payment accounts of the State Accounting Department.

For detailed content, see Circular 131/2017/TT-BTC effective from February 1, 2018.

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