Regulations on Finalization of the Annual Utilization of State Budget Investment Funds

18:55, 11/07/2024

On August 15, 2017, the Minister of Finance issued Circular 85/2017/TT-BTC stipulating the finalization of the annual use of state budget investment capital.

The Circular prescribes the settlement of the annual use of state budget investment capital, including: preparation, submission, approval of final settlement, appraisal, notification of appraisal results, and correction of the final settlement.

The annual state budget investment capital settlement data must be accurate, truthful, and complete with information on the use of the annual state budget investment capital plan.

The data included in the annual state budget investment capital settlement report must be reconciled and confirmed with the State Treasury where transactions take place or the payment agency.

Annually, by the end of the budget year, ministries and central authorities, People's Committees at all levels, superior agencies of investors, investors, financial agencies, State Treasury at all levels, and other agencies assigned to manage state budget investment capital shall prepare, submit, approve the settlement, appraise, notify the appraisal results, and correct the settlement according to the content, principles, and deadlines prescribed by the State Budget Law and the regulations in this Circular.

Circular 85/2017/TT-BTC shall take effect from October 01, 2017, applicable from the 2017 budget year and replace Circular 210/2010/TT-BTC dated December 20, 2010, of the Ministry of Finance.

Source: Financial Magazine

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