Guidance on Settlement of Financial Support Expenditures for National Defense Economic Zones

12:32, 11/07/2024

The Ministry of Finance issued Circular 02/2018/TT-BTC on January 02, 2018, providing detailed guidance on the financial settlement of financial support for Defense Economic Zones.

Accordingly, the finalization of financial support funds for the Defense Economic Zone is stipulated in Circular 02 as follows:

- At the end of the reporting year, the unit must prepare a financial support finalization report accompanied by the annual financial report (in the case of defense and security enterprises, state-owned enterprises under the Ministry of Defense operating in area C) and submit it to the Ministry of Defense and the Ministry of Finance.- The Ministry of Defense is responsible for checking the finalization of the use of financial support funds to ensure compliance with state policies and regulations specified in this Circular. In cases of improper expenditure or exceeding the prescribed limits, the Ministry of Defense has the authority to reject the improper or excessive expenditures. The person authorizing the improper expenditure must compensate and, depending on the severity, will be subject to penalties as stipulated by law.

See details at Circular 02/2018/TT-BTC, which came into effect on February 17, 2018.

-Thao Uyen-

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