Hanoi State Treasury: Expenses control effectively and properly

VCN - In the first 6 months of the year, the Hanoi State Treasury has closely followed the State revenue estimates in 2019 and strengthened the expense control of budget in order to ensure savings and efficiency.
hanoi state treasury expenses control effectively and properly
The state revenues collected through Hanoi State Treasury on June 15 reached 112,091 billion VND, equaling 42.6% of the estimate. Photo: Thùy Linh

Accurately regulate revenue for each budget level

According to the latest report by the Hanoi State Treasury, the total budget revenue in Hanoi in the first 6 months was estimated at 50.2% of the estimate. In particular, the state revenues collected through Hanoi State Treasury on June 15 reached 112,091 billion VND, equaling 42.6% of the estimate. Along with that, the total state budget expenditure in the whole province reached 48,173 billion VND (of that, the central budget expenditure reached 24,813 billion VND and the local budget reached 23,360 billion VND).

According to Ms. Nguyen Thi Thanh Huong, Director of Hanoi State Treasury, in recent years, through closely following the estimation of the State revenue in 2019, Hanoi State Treasury has actively coordinated with the Hanoi Department of Finance, Hanoi Tax Department and Hanoi Customs Department and the system of commercial banks in time and fully collected revenues into the state budget, accurately regulate each revenue for each budget level. The reported data has been updated promptly and uniformly between the budget management agencies in order to help local administrations at all levels to take the initiative in managing the state budget fund.

In controlling budget expenditures, Hanoi State Treasury has continued to strengthen the control of state budget expenditure in order to ensure savings, proper processes and efficiency. Specifically, the unit has controlled the expenses for asset procurement in the state budget plans and estimates which already approved by competent authorities in accordance with standards and norms.

With the control and payment of local budget investment capital, Hanoi State Treasury has regularly reported to the People's Committee of Hanoi City about the disbursement process so that the city could take measures to direct and operate the capital construction fund flexibly and guarantee payment needs for projects.

Notably, Hanoi State Treasury has implemented simultaneously and expanded its network, diversified forms of payment (by cash, bank transfer, card acceptance machine, internet banking, mobile banking). At the same time, Hanoi State Treasury opened collection accounts at commercial bank branches (Vietinbank, Vietcombank, BIDV, Agribank and MB) with hundreds of state budget collection points, ensuring material facilities, equipment and technology to meet the demand for collection and payment, facilitating enterprises and economic organizations to pay taxes. These forms of payment have contributed to reduce tax payment time for people and businesses.

In particular, Mrs. Huong said that in the first 6 months, Hanoi State Treasury has continued to promote the deployment of online public services at level 3 to all units using the transaction budget at Hanoi State Treasury. This was one of the basis for Hanoi State Treasury to reach e-treasury in 2020.

Speeding up disbursement progress

According to information from Hanoi State Treasury, Mrs. Huong said that in the first 6 months, the disbursement rate of capital construction investment through Hanoi State Treasury was still low. Specifically, as of June 15, only 5,633 billion VND was disbursed, accounting for 16.4% of the plan.

Mrs. Huong affirmed that from now until the end of the year, Hanoi State Treasury would urgently implement the disbursement of investment capital under the directives of the City People's Committee. At the same time, the unit would continue to urge the disbursement progress of investment from the local budget, striving to complete the assigned capital plan by the end of the year.

Hanoi State Treasury would also focus on controlling the state budget expenditure lawfully, effectively, in a timely manner, ensuring savings, combating waste, reducing the proportion of regular expenditures, increasing investment spending for key projects, especially transport infrastructure work to serve the city's economic development.

Hanoi State Treasury would continue to strengthen coordination with collection agencies, focus and reflect fully and promptly state revenues. To collect the amount of money paid by organizations and individuals; make accounting of the state revenues for the budget levels in accordance with the provisions of the State Budget Law and competent state authorities.

By Thùy Linh/Thanh Thuy

Related News

Cat Lai Port sees over 1,000 export shipments cleared by customs each day

Cat Lai Port sees over 1,000 export shipments cleared by customs each day

VCN - The volume of goods exported through Cat Lai port is showing signs of increasing sharply in the last months of 2024.
Stipulate implementation of centralized bilateral payments of the State Treasury at banks

Stipulate implementation of centralized bilateral payments of the State Treasury at banks

VCN - The Ministry of Finance (MOF) gathers feedback on the draft Circular regulating the management and use of accounts of the State Treasury opened at the State Bank of Vietnam (SBV) and commercial banks.
Quang Ninh Customs collects 85.75% of the budget revenue through the seaport area

Quang Ninh Customs collects 85.75% of the budget revenue through the seaport area

VCN - In the first 9 months of 2024, Quang Ninh Customs Department collected VND 13,885.23 billion in revenue collection, reaching 111.08% of the assigned estimate (VND 12,500 billion), reaching 106.81% of the target assigned by Quang Ninh province (VND 13,000 billion), an increase of 8.67% over the same period in 2023
Over VND317 billion was raised through post-clearance audits

Over VND317 billion was raised through post-clearance audits

VCN - The post-clearance audit department alone accounts for 61.57% of the total revenue collection of the entire force.

Latest News

M&A activities show signs of recovery

M&A activities show signs of recovery

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.
Fiscal policy needs to return to normal state in new period

Fiscal policy needs to return to normal state in new period

VCN - To recover the economy during and after the Covid-19 pandemic, fiscal policy has been flexibly and promptly managed, becoming a solid foundation to help businesses and the economy gradually overcome difficulties. After nearly 5 years, although there are still difficulties, the economy is gradually returning to a high growth trajectory. In that context, it is necessary to let fiscal policy return to normal state.
Ensuring national public debt safety in 2024

Ensuring national public debt safety in 2024

VCN - Since the beginning of the year, public debt management has been conducted proactively and effectively, meeting the need of raising capital for development investment. At the same time, debt indicators by the end of 2024 are guaranteed within the ceiling and safety threshold approved by the National Assembly, ensuring national financial security, increasing proactive response to risks arising from external and internal causes of the economy.
Removing many bottlenecks in regular spending to purchase assets and equipment

Removing many bottlenecks in regular spending to purchase assets and equipment

VCN - Decree No. 138/2024/ND-CP, which has just been issued, is expected to contribute to resolving bottlenecks in allocating funds for purchasing assets and equipment; renovating, upgrading, expanding, and constructing new construction items in projects that have been invested in and constructed in the past.

More News

Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
Striving for average CPI not to exceed 4%

Striving for average CPI not to exceed 4%

VCN - According to the report of the Ministry of Finance, there are still some factors that put pressure on price levels in the remaining months of 2024, so the Ministry has updated 2 scenarios of average inflation in 2024 increasing in the range of 3.7-3.92%.
Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

VCN - Discussing in groups about the project "1 law amending 7 laws" in the financial sector according to the program of the 8th Session on October 29, 2024, National Assembly delegates proposed that the Government should be assigned to make specific regulations on decentralization, granting the right to exempt and reduce taxes, and handling penalties for late payment of taxes...
Removing difficulties in public investment disbursement

Removing difficulties in public investment disbursement

VCN - According to the report of the Investment Department (Ministry of Finance), the estimated disbursement from the beginning of the year to October 31, 2024 is VND 355,616.1 billion, reaching 47.43% of the 2024 plan, reaching 52.29% of the plan assigned by the Prime Minister.
State-owned commercial banking sector performs optimistic growth, but more capital in need

State-owned commercial banking sector performs optimistic growth, but more capital in need

VCN - According to the report sent to the National Assembly before the 8th Session of the Government on investment, management and use of state capital in enterprises nationwide in 2023, the business performance of the state-owned commercial banking sector achieved positive growth.
Rush to finalize draft decree on public asset restructuring

Rush to finalize draft decree on public asset restructuring

VCN - According to the Ministry of Finance, the draft Decree regulating the rearrangement and handling of public assets is being urgently completed by the Ministry of Finance to submit to the Government for promulgation.
Inspection report on gold trading activities being complied: SBV

Inspection report on gold trading activities being complied: SBV

The State Bank of Vietnam (SBV) has announced that inspections on compliance with legal policies in gold trading activities of credit institutions and gold trading businesses have been completed and an inspection report is being compiled.
Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

VCN -The Government estimates that state budget revenue in 2024 will exceed VND 172.3 trillion, up 10.1% over the estimate, of which tax and fee revenue will reach 13.1% of GDP.
Ensure timely and effective management and use of public asset

Ensure timely and effective management and use of public asset

VCN – In order to promptly and effectively implement public asset management and use, ensuring compliance with legal regulations, the Ministry of Finance has just issued an official dispatch requesting ministries, branches and localities to comply with regulations in the Government’s Decree No. 114/2024/ND-CP dated September 15, 2024.
Read More

Your care

Latest Most read
M&A activities show signs of recovery

M&A activities show signs of recovery

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.
Fiscal policy needs to return to normal state in new period

Fiscal policy needs to return to normal state in new period

VCN - To recover the economy during and after the Covid-19 pandemic, fiscal policy has been flexibly and promptly managed, becoming a solid foundation to help businesses and the economy gradually overcome difficulties. After nearly 5 years, although there
Ensuring national public debt safety in 2024

Ensuring national public debt safety in 2024

VCN - Since the beginning of the year, public debt management has been conducted proactively and effectively, meeting the need of raising capital for development investment. At the same time, debt indicators by the end of 2024 are guaranteed within the ce
Removing many bottlenecks in regular spending to purchase assets and equipment

Removing many bottlenecks in regular spending to purchase assets and equipment

Decree No. 138/2024/ND-CP, which has just been issued, is expected to contribute to resolving bottlenecks in allocating funds for purchasing assets and equipment
Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
Mobile Version