05 Measures to Prevent Risks in the Management of State Treasury Funds

00:54, 11/07/2024

Decree 24/2016/ND-CP has been signed and promulgated by the Government of Vietnam to regulate policies on the management of the state treasury. This is the first Decree detailing provisions on this issue.

According to Decree 24/2016/ND-CP, to mitigate risks in the management of state treasury funds, the following measures need to be implemented:

- Set the limit for state treasury funds advances to the central budget.- Set the limit for state treasury funds advances to the provincial budget; the total outstanding balance of advances and other mobilized debts of the provincial budget should not exceed the maximum allowed mobilization.- Set the limit for the temporary idle state treasury funds to be deposited for a fixed term at commercial banks.- Set the limit for the temporary idle state treasury funds to be used for repurchasing Government of Vietnam bonds with terms.- Determine the minimum state treasury fund balance that the State Treasury must maintain on the centralized payment account to ensure the safety and payment capability for the state budget and trading units.

Decree 24/2016/ND-CP takes effect from January 1, 2017.

- Thanh Lam -

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