In 2017, the control of recurrent expenditures accounts for 91.3% of the year’s estimate

	Minister Dinh Tien Dung: Increasing capital expenditure and reducing recurrent expenditure
	Unifying one focal point for management of state expenditures from October, 2017
	State Treasury: Strict control of recurrent expenditure estimates

Director General Nguyen Hong Ha at the Conference

Paying state budget expenditures in a timely fashion

According to Mr. Vinh, in 2017, the state treasury system has completed 22 schemes and policies; has been implementing 9 schemes and policies, and has continued to study and implement 8 schemes and polices in 2018.

Regarding state fund management reform, the State Treasury has actively studied risk management tools for treasury management to develop cash flow forecasting systems, and to develop information and technology applications for treasury management for the purposes of safety and efficiency.

2017 is the year marking the successful implementation of the inter-bank electronic payment system for all provincial State Treasury offices. It played an important part in accurate, full and speedy collection of state revenues, and in paying state expenditures in a timely fashion.

In terms of state fund management, specifically the focus on revenue sources, Mr. Vinh said, as of 12th December 2017, total state budget revenue reached VND 1,212,700 billion, equal to 90.05% of the estimate.

Regarding the expenditure control, the whole system always upholds remittance responsibility, does not leave any payment dossiers at the State Treasury for unknown reasons, and ensures that the payment is carried out no later than 3 working days.

Especially, after more than two months of nationwide implementation (from 2nd October 2017), the scheme on unified focal point of expenditure control has achieved positive results. The number of dossiers and documents which had been handled in a timely fashion accounted for 99.89%, and 1,288 administrative teams at the district State Treasury have been dissolved.

With these solutions, the state budget expenditure control through the State Treasury in 2017 has gained some positive results. Regarding recurrent expenditures; by the end of 2017, the state treasury system has controlled expenditures of VND 8.24,517 billion, equal to 91.3% of the year’s estimate. Thanks to the expenditure control, State Treasury units have discovered and requested supplement payment documents of 18,025 expenditures, which were not eligible, with refusals to pay VND 45.6 billion.

Regarding expenditures for basic construction investment. By the end of 2017, the expenditures are expected to reach VND 304,295.2 billion, equal to 89.5% of the year plan and lower than the same period of 2016. In which, expenditure allocated from the government fund was estimated at VND 276,603.9 billion, equal to 89.8% of the plan, and from other funds was estimated at VND 27,691.3 billion, equal to 86.3% of the plan. Through the control of investment capital payment, the state treasury system has refused to pay about VND 93.3 billion due to the proposals for payment by the investors were not in accordance with the regulations.

Inspection and audit reached 100% of the plan

According to Truong Phuc Quan, Director of the Department of Inspection and Examination of State Treasury, in 2017, the state treasury system has implemented 310 out of 310 specialized inspections, reaching 100% of the plan. It discovered and handled many violations; proposed collection of over VND 4.5 billion, promulgated 56 decisions on administrative sanction with a total amount of VND 65 million, contributed to raising management efficiency and use of the state budget, and enhancing financial disciplines.

During the year, the State Treasury have inspected 8 out of 8 provincial and municipal state treasuries and 16 district state treasuries, reaching 100% of the yearly plan. The provincial and municipal state treasuries carried out more internal inspections and inspections of their subordinate state treasuries. Through inspection, the State Treasuries have realized their shortcomings and mistakes, thereby developing timely measures to overcome them.

Deputy Director General Nguyen Quang Vinh said, besides the achievements in 2017, the State Treasury system still had some shortcomings which revised the progress for some schemes and policies. These schemes required to be completed in a short time, but due to system maintenance requirements, this led to an overload and backlog of work, thus affecting the performance of common tasks of the units and the system.

Some provincial and municipal State Treasuries have not yet strictly complied with the reporting regime on the operation of their units according to regulations. The expenditure control in some state treasuries units has not been tightened, especially in control of expenditures for salary, salary allowances and the control of seal, signature.

The compliance with labour discipline by some civil servants was not high. There were cases where civil servants harassed and caused difficulties to applicants, but the heads of state treasury units have not handled this in a timely fashion.

The objective of 2018 is timely disbursement

On behalf of the leaders of the Ministry of Finance, Deputy Minister Vu Thi Mai recognized and praised the achievement results of the state treasury system in 2017. In which, she emphasized the results of the development of mechanisms and policies; the security and safety of state money and properties allocated to the State Treasury; the coordination in collection and the control of expenditures of state budget; and the capital mobilization of state budget for development investment.

At the same time, Deputy Minister Vu Thi Mai noted that the state treasury system should fulfil some extra tasks in 2018. Specifically, from now to early 2018, the State Treasury must carry out timely and safe disbursement and quickly gather the revenue sources for the state budget.

In 2018, implementing the Accounting Law requires close and effective coordination and timely instructions for problems arising in the matters of; continuously developing the schemes, policies and plans set out, attachment with revolution 4.0, raising labour productivity, and ensuring the security of treasury and enhancing internal inspection.

Receiving the guidance of Deputy Minister Vu Thi Mai, Director General of the State Treasury Nguyen Hong Ha requested the state treasuries promptly finalize and issue the plan to deploy tasks in 2018. At the same time, focusing on rectifying and overcoming shortcomings and inadequacies in 2017.

Mr. Ha said that in the coming year, the State Treasury will continue to supplement and finalize the control process for the payment of investment capital and non-business capital of domestic investment via the state treasury system, and process control of recurrent and non-business expenditures from the state budget via the State Treasury; to operate and manage the State budget fund in strict and safe manner, raise the role and responsibility of the State Treasury in the performance of financial and budgetary tasks, and to enhance the management of public expenditures. At the same time, focusing on implementing the task of capital mobilization for the state budget and for development investment, and striving to complete the plan for capital mobilization in 2018 assigned by the Ministry of Finance.

Other key tasks in 2018 are to; properly organize accounting, payment, information supply, and full, timely and accurate reports, and ensuring the security and safety of state money and property. Further promoting IT application in professional operations and internal management, good officer management, and training and developing human resources.

Unify a focal point for management of state expenditures: 99,89% documents processed in a timely fashion VCN – According to Mr. Nguyen Hong Ha, Director General of State Treasury, the implementation of the ...

In 2018, the State Treasury system will continue to improve the quality of specialized inspection, internal inspection, citizen reception, and resolution of complaints and denunciations. To conduct comprehensive inspection for recurrent expenditures and expenditures for capital construction investment; conduct specialized inspections for the management and use of capital in construction investment projects funded by state budget, the control of Government bond capital via the State Treasury, and to inspect units if suspected of abusing State budgets.