This is a significant new point mentioned in Circular 06/2018/TT-BTC amending and supplementing Circular 30/2017/TT-BTC regulating the advance of State Treasury funds (STF).
The People's Committee of provinces must supplement the following components of the dossier when there is a requirement for temporary advances from the State Treasury that extend beyond the fiscal year:
- In case of advances to cover budget deficits, a list of projects in the medium-term investment plan, included in the annual budget estimates, and decided by the Provincial People’s Council to use the advance funds;- In case of advances to repay principal debts, these are loan estimates to repay principal debts that have been decided annually by the National Assembly and the Provincial People’s Council.
In addition to the aforementioned components, the advance dossier also includes:
- Official Dispatch requesting a temporary advance from the State Treasury;- Resolution of the Provincial People’s Council or the approval letter of the Standing Committee of the Provincial People’s Council regarding the temporary advance from the State Treasury.
For further details, refer to Circular 06/2018/TT-BTC, effective from March 1, 2018.
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