Conditions added and deposit fee of the State budget increased

VCN- The Ministry of Finance has just issued Circular No. 30/2017 / TT-BTC regulating State fund deposit for the State budget.
conditions added and deposit fee of the state budget increased Amend Law on Public Debt: Tie responsibility of borrowing and repaying to budget expenditures.
conditions added and deposit fee of the state budget increased 90% of localities complete final statement
conditions added and deposit fee of the state budget increased State budget revenues increase by 15.8% for 2 months
conditions added and deposit fee of the state budget increased
In order to be deposited, the local budget must meet some conditions. Photo: The internet.

In the Circular, the Ministry of Finance stipulates: The purpose of depositing the State fund for the State budget to handle the temporary shortage of State budget fund and meet unexpected expenditure needs when the State budget has not gathered revenue sources and the purpose of depositing the State fund for the local budget to implement investment projects on socio-economic infrastructure under the annual public investment plans and medium- term budget for local capital balance decided by the provincial People’s Council and included in the annual budget estimates approved by the Provincial People's Council in order to speed up the progress to early complete and use.

In particular, in this Circular, the Ministry of Finance added a new point compared to the current provisions, that is condition of state budget deposit for local budget, accordingly, the amounts deposited and refunded in the same budget year must have: Resolution of the provincial People’s Council or written approval of the provincial Standing People's Council on State fund deposit to implement projects; and the local budget has not overdue debts of state fund deposit at the time of requesting for deposit.

For the local budget, the State fund deposit with deposit deadline which lasts over the budget year, besides the above two conditions, the locality should provide the amount of requested deposit which must be in the remaining debt limit for local budget as described in the State Budget Law 2015 and guiding documents; and the amount of requested deposit must be in the over-expenditure of state budget annually decided by the National Assembly in accordance with the State Budget Law 2015 and other guiding documents; also ensuring the proportion of loans to make up the local budget’s over-expenditures with short-term loans under the decision of competent authorities.

The Circular also provides the principles of State fund deposit for the State budget. Specifically: State fund deposit for the State budget is implemented safely and effectively, and ensuring that it does not affect the payment capability of the State Treasury.

The deposit must be decided by the competent authorities and complied with the provisions of State Budget Law 2015 and the guiding documents and the provisions of this Circular. The State fund deposit shall be implemented at the State Treasury and the provincial State Treasury; District state treasuries are not allowed to deposit the State budget funds to local budgets as well as any other objects which are inconsistent with regulations.

Any State fund deposit for the State budget must be refunded fully, on time and in accordance with regulations, except for deposit extension approved by the Minister of Finance. The approved State fund deposits for improper purposes shall not be allocated and retrieved before the deadline.

conditions added and deposit fee of the state budget increased Focus on implementing fiscal and state budget tasks for 2017

VCN- The Prime Minister has just issued Directive No. 14 / CT-TTg on the implementation of fiscal ...

The fee of the State fund deposit for the State budget and the local budget is uniformly applied and increased to 0.21% per month of deposit debts and actual days of deposit instead of 0.15% per month as the current time (on basis of 30 days per month).

This Circular takes effect from June 5, 2017, and replaces the Ministry of Finance's Circular No. 162/2012/TT-BTC stipulating capital deposit of State Treasury and Ministry of Finance's Circular 62/2015/TT-BTC amending and supplementing a number of articles of Circular No. 162.

By Hong Van/Ngoc Loan

Related News

Proposal to reduce 30% of land rent in 2024

Proposal to reduce 30% of land rent in 2024

VCN - The Ministry of Finance has finalized a draft Government Decree outlining the reduction of land rent for 2024. The draft is currently under review by the Ministry of Justice before being submitted to the Government for approval.
Expansionary fiscal policy halts decline, boosts aggregate demand

Expansionary fiscal policy halts decline, boosts aggregate demand

VCN - Customs News interviews Ms. Nguyen Thanh Nga, Deputy Director of the Institute for Financial Strategy and Policy (Ministry of Finance).
Ministry of Finance stands by enterprises and citizens

Ministry of Finance stands by enterprises and citizens

VCN - This was the affirmation of Deputy Minister of Finance Cao Anh Tuan at the 2024 Dialogue Conference on Tax and Customs Policies and Administrative Procedures. The conference, jointly organized by the Ministry of Finance and the Vietnam Chamber of Commerce and Industry (VCCI) on December 10, attracted 530 enterprises from the northern region.
Ministry of Finance proposes comprehensive amendments to the Personal Income Tax Law

Ministry of Finance proposes comprehensive amendments to the Personal Income Tax Law

VCN - The Ministry of Finance has just completed the proposal to draft the Personal Income Tax Law (PIT) and officially solicited public comments. By amending and supplementing nearly 90% of the total number of articles of the current PIT Law, the Ministry of Finance has submitted to the Government for permission to propose the draft PIT Law to replace the PIT policy system. The project is expected to be approved by the National Assembly in May 2026.

Latest News

Resolve problems related to tax procedures and policies for businesses

Resolve problems related to tax procedures and policies for businesses

VCN - Immediately after the end of the Dialogue Conference between the Ministry of Finance and enterprises on tax and customs policies and administrative procedures in 2024, the General Department of Customs proactively removed obstacles related to tax procedures and policies for the business community.
New regulations on procurement, exploitation, and leasing of public assets

New regulations on procurement, exploitation, and leasing of public assets

VCN - Decree No. 114/2024/ND-CP, which amends and supplements certain articles of Decree No. 151/2017/ND-CP detailing the implementation of the Law on Management and Use of Public Assets, introduces significant changes. These include updates on authority, methods of asset exploitation in agencies and units, plans for leasing, joint ventures, and partnerships in public service units, as well as centralized procurement procedures.
Actively listening to the voice of the business community

Actively listening to the voice of the business community

VCN - Recognizing the Customs-business relationship as a long-term partnership, the Customs authority has organized hundreds of dialogues with businesses since the beginning of the year. These efforts aim to promptly address challenges, resolve obstacles, and facilitate import-export activities. Such meetings offer an opportunity for the Customs authority and the business community to exchange, share insights, and find solutions to enhance operational quality and efficiency.
Step up negotiations on customs commitments within the FTA framework

Step up negotiations on customs commitments within the FTA framework

VCN - Promoting negotiations on customs commitments within the framework of free trade agreements (FTAs) plays an important role in facilitating import and export activities. These commitments not only help optimize the customs clearance process but also minimize costs and risks for businesses, opening up great opportunities for Vietnamese goods to access deeper into the international market.

More News

Proposal to amend regulations on goods circulation

Proposal to amend regulations on goods circulation

VCN - To perfect the policy on customs procedures, inspection and supervision, enterprises and associations have contributed many ideas from practical activities. Thereby, the Drafting Committee (General Department of Customs) has more perspectives to build policies to meet the goal of facilitating trade and ensuring state management of customs.
Review of VAT exemptions for imported machinery and equipment

Review of VAT exemptions for imported machinery and equipment

VCN - The General Department of Vietnam Customs has directed provincial and municipal customs departments to review, inspect, and address issues related to the implementation of VAT exemption policies for specialized machinery and equipment used in agricultural production.
Customs tightens oversight on e-commerce imports

Customs tightens oversight on e-commerce imports

VCN - The General Department of Vietnam Customs has issued new directives to enhance the management of imported goods transacted through e-commerce platforms, addressing ambiguities and ensuring consistent enforcement across provincial and municipal customs departments.
Bringing practical experience into customs management policy

Bringing practical experience into customs management policy

VCN - At the workshop to collect opinions from Southern Customs units on the draft Decree amending and supplementing Decree 08/2015/ND-CP dated January 21, 2015 of the Government; the draft Circular amending and supplementing Circular 38/2015/TT-BTC dated March 25, 2015 and Circular 39/2018/TT-BTC dated April 20, 2018 of the Minister of Finance, organized by the General Department of Customs last weekend, many Southern Customs units contributed specific contents from practical operations in the locality.
Businesses anticipate new policies on customs procedures and supervision

Businesses anticipate new policies on customs procedures and supervision

VCN - With this year’s import-export turnover estimated at nearly US$800 billion and forecasting to surpass this milestone next year, the business community holds high expectations for upcoming amendments and supplements to customs management, procedures, and supervision policies. These changes are expected not only to facilitate trade but also to enhance state management efficiency and support economic development.
Do exported foods need iodine supplementation?

Do exported foods need iodine supplementation?

VCN - Currently, Vietnamese processed food products, including seafood products, have been exported to more than 160 countries, and no country has yet required that "salt used in food processing must be salt with added iodine".
Amendments to the Value-Added Tax Law passed: Fertilizers to be taxed at 5%

Amendments to the Value-Added Tax Law passed: Fertilizers to be taxed at 5%

VCN - With the majority of National Assembly deputies voting in favor, the National Assembly officially approved the revised Value-Added Tax (VAT) Law during its afternoon session on November 26, 2024, as part of the 8th session's agenda.
Proposal to change the application time of new regulations on construction materials import

Proposal to change the application time of new regulations on construction materials import

VCN - To comply with the circular on quality management of construction materials, many businesses importing this item are complaining about difficulties and asking for an extension of the implementation time.
Ministry of Finance proposed to reduce VAT by 2% in the first 6 months of 2025

Ministry of Finance proposed to reduce VAT by 2% in the first 6 months of 2025

VCN - In order to promote the early recovery and development of production and business activities, contributing back to the State budget, the Ministry of Finance proposed to continue reducing 2% of VAT on groups of goods and services currently subject to a tax rate of 10% in the first 6 months of 2025.
Read More

Your care

Latest Most read
Proposal to reduce 30% of land rent in 2024

Proposal to reduce 30% of land rent in 2024

The Ministry of Finance has finalized a draft Government Decree outlining the reduction of land rent for 2024. The draft is currently under review by the Ministry of Justice before being submitted to the Government for approval.
Resolve problems related to tax procedures and policies for businesses

Resolve problems related to tax procedures and policies for businesses

VCN - Immediately after the end of the Dialogue Conference between the Ministry of Finance and enterprises on tax and customs policies and administrative procedures in 2024, the General Department of Customs proactively removed obstacles related to tax pr
New regulations on procurement, exploitation, and leasing of public assets

New regulations on procurement, exploitation, and leasing of public assets

Decree No. 114/2024/ND-CP, which amends and supplements certain articles of Decree No. 151/2017/ND-CP detailing the implementation of the Law on Management and Use of Public Assets, introduces significant changes.
Actively listening to the voice of the business community

Actively listening to the voice of the business community

Recognizing the Customs-business relationship as a long-term partnership, the Customs authority has organized hundreds of dialogues with businesses since the beginning of the year
Step up negotiations on customs commitments within the FTA framework

Step up negotiations on customs commitments within the FTA framework

VCN - In addition to promoting negotiations on customs commitments within the framework of FTAs ​​under negotiation, the General Department of Customs actively supports businesses to effectively utilize commitments in signed FTAs, especially CPTPP, EVFTA,
Mobile Version