Public disclosure of financial revenues and expenditures for educational institutions within the national education system in Vietnam

Public disclosure of financial revenues and expenditures for educational institutions within the national education system in Vietnam
Nguyen Thi Diem My

On June 3, 2024, the Minister of Education and Training of Vietnam issued Circular 09/2024/TT-BGDDT stipulating the transparency in the activities of educational institutions within the national education system.

Public disclosure of financial revenues and expenditures for educational institutions within the national education system in Vietnam

Financial revenues and expenditures for educational institutions within the national education system in Vietnam must be publicly disclosed, including:

- The financial status of the educational institution in the fiscal year immediately preceding the reporting period as per legal regulations, specifically the structure of revenue and expenditure activities as follows:

+ Revenues categorized by: Funding sources (state budget, investor support; tuition fees, fees, and other charges from learners; sponsored funds and contracts with external parties; other income) and type of activity (education and training; science and technology; other activities);

+ Expenditures categorized by: Salaries and income expenses (salaries, allowances, supplementary salaries, and other salary-like expenses for teachers, lecturers, managerial staff, employees, etc.); infrastructure and service expenses (procurement, maintenance, repair, and operation of infrastructure, equipment, rental services directly serving education, training, research, team development activities, etc.); student support expenses (scholarships, allowances, living support, movement activities, competitions, rewards, etc.); other expenses.

- Revenue items and tuition fees for learners, including: tuition fees, charges, all other fees and charges beyond tuition fees, charges (if any) in the academic year and projected for each upcoming academic year of the grade level or course of the educational institution prior to enrollment and admission.

- Annual policies and policy implementation results on allowances and tuition fee exemptions, reductions, and scholarships for learners.

- The balance of funds as per regulations, including special funds (if any).

- Other public financial contents performed according to legal regulations on finance, budget, accounting, auditing, and grassroots democracy.

The Circular 09/2024/TT-BGDDT takes effect from July 19, 2024, and replaces Circular 36/2017/TT-BGDDT dated December 28, 2017.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem



  • Address: 19 Nguyen Gia Thieu, Vo Thi Sau Ward, District 3, Ho Chi Minh City
    Phone: (028) 7302 2286
    E-mail: info@lawnet.vn
Parent company: THU VIEN PHAP LUAT Ltd.
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
P.702A , Centre Point, 106 Nguyen Van Troi, Ward 8, Phu Nhuan District, HCM City;