Measures to Manage Temporary Shortfalls in State Treasury Funds

00:54, 11/07/2024

the Government of Vietnam has issued Decree 24/2016/ND-CP stipulating policies for the management of state treasury funds.

State treasury's temporary shortfall is offset by the following sources:

- Issuance of treasury bills to cover the temporary shortfall in the state treasury.- Early recovery of term deposits at commercial banks.

According to Decree 24/2016/ND-CP, the issuance of treasury bills to cover the temporary shortfall in the state treasury has maximum terms not exceeding 03 months. Specifically:

- All proceeds from the issuance of treasury bills are used to ensure the liquidity of the State Treasury.- The State Treasury manages and uses capital from the issuance of treasury bills to cover the temporary shortfall in the state treasury; arranges resources to fully and timely repay the debt.- The expenses incurred in the process of issuing and settling treasury bills to cover the temporary shortfall in the state treasury are categorized as state treasury management expenses. The payment fee is carried out according to the treasury bill auction fee rate through the State Bank of Vietnam.

More details can be found in Decree 24/2016/ND-CP effective from January 1, 2017.

- Thanh Lam -

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