Circular 85: Contents of Approval and Appraisal of Settlement Reports

For the supervisory agencies of the investor:

- Check the completeness and correct alignment of the capital plan, list, project names, and payment amounts (including: advance payments according to policies; payment for completed volumes) of each project under the allocated plan for the year and the previous year's plan transferred to the next year's settlement for continued implementation and payment.- Examine and compare the payment capital with the planned capital of each project; determine the amount of capital transferred to the next year for continued implementation and payment; the amount of canceled planned capital.- Verify the suitability of the funding sources and capital structure of the projects.- Comment on the implementation, payment, and settlement of capital within the year, adherence to policies, and other relevant situations.- Require the investor to immediately remit amounts payable to the state budget as prescribed and disallow improper expenditures, non-plan expenditures, and handle violations within their authority or propose authorizing agencies to handle investors who violate policies.- Other comments (if any).

For financial agencies:

- Verify and determine the suitability of the total funding sources and capital structure in the settlement reports of Ministries, agencies, localities, and consolidated settlement reports of the State Treasury (or the payment agency).- Verify and determine the suitability of the project list between the settlement reports of the Ministries, agencies, localities, and the same level State Treasury (or the payment agency).- Check and compare the capital plan, payment amounts of each project between the settlement reports of the Ministries, agencies, localities, and the same level State Treasury (or the payment agency); determine the amount of capital transferred to the next year for continued implementation and payment; the amount of canceled planned capital.- Require responsible bodies to disallow, recover improper expenditures and demand immediate remittance of amounts payable into the state budget according to prescribed policies.- Other comments.

Refer to more details at: Circular 85/2017/TT-BTC, effective from October 1, 2017.

- Nguyen Trinh -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE