In 2019: The State Treasury committed to beat the disbursement investment capital of 2018

VCN - The disbursement of investment capital through the State Treasury (ST) to January 31, 2020 will reach 88 percent of the assigned target, announced the State Treasury at a press conference on December 20.
tin nhap 20191223154556
The press conference

Disbursement of investment capital reached 61.8 percent of the plan

According to a report of the State Treasury, by the end of December 15, 2019, the accumulated State budget revenue in the balance exceeded VND1,4quadrillion, equalto 100.21 percent of the assigned estimates in 2019. By December 31, 2019, total State budget revenue will reach the goal of exceeding 5 percent of the estimate assigned by the Government in Resolution No. 01/NQ-CP.

Nguyen QuangVinh, Deputy General Director of the State Treasury said, on the last days of 2019, the State Treasury and collecting agencies such as Tax and Customs will strive to achieve a minimum of 5 percent. Along with that, striving to collect central budget and the budget of each province to reach and exceed the estimate.

In recurrent expenditure, as of December 15, 2019, the State Treasury system implemented expenditure control of VND846,353 billion, equal to 81.2 percent of the State budget's regular (excluding payment debt, aid, additional expenses of financial reserve fund andreservea).

Through the control of State budget expenditure, the State Treasury units have detected 21,985 inadequate expenditures, requested additional necessary procedures and VND79 billion was refused to be paid.

Notably, for construction investment expenditure, the estimated accumulated investment capital under the 2019 targetto control expenditures through the State Treasury disbursed to December 15 is VND257,455.8 billion, reaching 61.8 percent of the plan assigned by the government; 60 percent of the plan assigned by the National Assembly (the capital plan assigned by the Government through the State Treasury wasVND416,690.9 billion; the capital plan assigned by the National Assembly wasVND429,300 billion, excluding direct funding through the Ministry of Public Security, the Ministry of National Affairs and interest rate subsidy through Development Bank and Policy Bank).

Regarding investment capital disbursement, Nguyen QuangVinh, Deputy General Director of the State Treasury said disbursement progress is not high. On the basis of spending control of nearly 120,000 units, the national estimation has enumerated all causes to report to the Ministry of Finance, and the Ministry of Finance also advised the Government to promulgate a resolution to promote allocation and disbursement of investment capital plans in 2019.

Explaining more about the disbursement of investment capital, Tran Manh Ha, Director of the Department of Expenditure Control, State Treasury said, in 2019, the State Treasury held many petition meetings to improve the disbursement rate. From the beginning of the year to September 2019, disbursement progress was only 39 percent. Thanks to the close cooperation and direction of the Government, in just 3.5 months (from September to now),disbursement progress has increased significantly, accounting for 39 percent of the disbursement from the beginning of the year to December 15. It is expected that by January 31, disbursement progress will reach 88 percent, exceeding 6 percent compared to 2018.

Determined to make State financial statements

At the press conference, Nguyen QuangVinh, Deputy General Director of the State Treasury, said that 2019 was the first year that the State Treasury made the State financial statements.

The State Treasury has coordinated with ministries, central agencies, localities and relevant units under the Ministry of Finance toprepare the State Financial Statements 2017, submitting to the Ministry of Finance and Government, and approved by the National Assembly inResolution No. 77/2019/QH14 on June 11, 2019. Along with that, the State Treasury continues to work with the Ministry of Finance to implement the preparation of the State Financial Statements 2018 according to the plan.

“The State Treasury system from central to local levels has prepared and urged agencies and units to provide financial information. Up to now, of the total of more tjan53,000 units that are required to provide financial information in 2018 to the State Treasury nationwide, the units at the provincial and district levels have completed the sending of reports to the State Treasury,” Nguyen QuangVinh said.

State Treasury leaders said the entire State Treasury system has focused on the preparation of the general report of district financial information and provincial financial statements, ensuringcompletion to report to the People's Committee of the province and city for submission to the People's Council for submission in December 2019.

As for central units, the State Treasury is urging and coordinating to ensure the synthesis and reporting on a national scale to submit to the Ministry and the Government in March 2020, to submit to the State Treasury and the National Assembly together with the State budget settlement report, which is reported to the National Assembly in May 2020 per regulations.

By ThuyLinh/KieuOanh

Related News

Minister of Finance: Efforts to increase revenue without affecting "health" of businesses

Minister of Finance: Efforts to increase revenue without affecting "health" of businesses

VCN - Minister of Finance Ho Duc Phoc stated that the Ministry of Finance has tried to find every solution to revenue without affecting the financial health and production and business of enterprises.
The State Treasury focuses on solutions to ensure revenue, expenditure and budget management

The State Treasury focuses on solutions to ensure revenue, expenditure and budget management

VCN - In the first months of 2024, the State Treasury (SBV) has actively implemented many solutions in state budget revenue and expenditure as well as flexible and safe management of the budget.
Completely resolve problems and accelerate public investment disbursement

Completely resolve problems and accelerate public investment disbursement

VCN - In the first 4 months of 2024, the disbursement of public investment capital reached 17.46% of the plan assigned by the Prime Minister, higher than 15.65% in the same period last year. However, to further speed up this work, the Ministry of Finance believed that it needed to urgently overcome problems that have existed for a long time, especially in key projects.
"Creativity in revenue collection to achieve set goals in difficult contexts"

"Creativity in revenue collection to achieve set goals in difficult contexts"

VCN - The Ministry of Finance held an online briefing conference to evaluate the implementation of financial and budget work in April and deploy the work program for May 2024. Minister of Finance Ho Duc Phoc chaired the conference.

Latest News

Banks to offer more shares to foreign investors

Banks to offer more shares to foreign investors

Many banks are planning to sell shares to foreign investors with the aim of attracting more diverse capital and enhancing competitiveness.
Publicize and clarify responsibilities in delaying final settlement of public investment capital for completed projects

Publicize and clarify responsibilities in delaying final settlement of public investment capital for completed projects

VCN - The Ministry of Finance publicly announced the final settlement of public investment capital for completed projects in 2023 of ministries, central agencies, corporations, state corporations, and People's Committees of provinces and centrally run cities. In particular, the Ministry of Finance requires applying sanctions to individuals and units that have not yet finalized public investment capital for completed projects.
Improve Tax law compliance by enhancing information collection and analysis

Improve Tax law compliance by enhancing information collection and analysis

VCN – Determining information collection as key role, over the past time, the Tax industry has implemented many information collection solutions.
VND83,000 billion of State budget 2023 saved in 2023

VND83,000 billion of State budget 2023 saved in 2023

VCN - In 2023, the management of state budget expenditure was implemented proactively and strictly according to estimates, ensuring correct policies and regimes, thoroughly saving regular expenditures, and cutting down on unnecessary and slow spending tasks.

More News

Banks promote online lending services

Banks promote online lending services

Banks are strongly stepping up online lending services via digital channels.
Complete tax compliance management for business households and individuals

Complete tax compliance management for business households and individuals

VCN - Facing with the situation where there are still businesses hiding in the shadow of business households or business households with revenue of hundreds of billions of dong using many invoices to increase input costs, the General Department of Taxation said it would strengthen management to reduce fraud and tax evasion for individuals and business households.
Companies unveil M&A plans across multiple sectors at shareholders

Companies unveil M&A plans across multiple sectors at shareholders' meetings

The current General Meeting of Shareholders (AGM) season has revealed notable M&A plans by companies, encompassing various industries including agriculture, food, automobile design and real estate.
How did many banks

How did many banks' profits surge in Q1 2024?

VCN - The business results for Q1 2024 of commercial banks showed positive growth, with some banks experiencing up to 165% growth. Despite low credit growth, the banks' growth stemmed from other types of business and services.
New regulations in Circular 24/2024/TT-BTC aim to build streamlined and effective accounting apparatus

New regulations in Circular 24/2024/TT-BTC aim to build streamlined and effective accounting apparatus

VCN - Circular No. 24/2024/TT-BTC that provides guidelines for public sector accounting will take effect from January 1, 2025 and will be applied from fiscal year 2025, will have regulations to meet requirements of streamlined and effective accounting apparatus.
A series of solutions to improve administrative reform results in the Finance sector

A series of solutions to improve administrative reform results in the Finance sector

VCN - According to recently announced results, the Ministry of Finance is in the group of 3 leading ministries and ministerial-level agencies in the Administrative Reform Index 2023. However, some component criteria of the Ministry of Finance are still ranked at the lower level. To overcome this, the Finance sector proposed many synchronous and key solutions.
After six consecutive increase years, tax revenue from real estate transfer plunges

After six consecutive increase years, tax revenue from real estate transfer plunges

VCN – In 2023, real estate market was in extremely difficult time, purchasing power and liquidation had a sharp decline and there was a lack of cash flow, the amount of personal income tax (PIT) from real estate transfer activities plunged.
Improve processes and enhance experience to rebuild trust in life insurance

Improve processes and enhance experience to rebuild trust in life insurance

VCN - In Vietnam, the space and potential of the life insurance industry is still very large, so it is necessary to focus on implementing new solutions, improving product quality, and helping the market develop sustainably.
PM chairs meeting on fiscal, monetary policy management

PM chairs meeting on fiscal, monetary policy management

Prime Minister Pham Minh Chinh chaired a meeting in Hanoi on May 16 with ministries and agencies to discuss the coordination of fiscal and monetary policies aimed at maintaining macroeconomic stability, controlling inflation and promoting growth.
Read More

Your care

Latest Most read
The State Treasury focuses on solutions to ensure revenue, expenditure and budget management

The State Treasury focuses on solutions to ensure revenue, expenditure and budget management

In the first months of 2024, the State Treasury (SBV) has actively implemented many solutions in state budget revenue and expenditure as well as flexible and safe management of the budget.
Minister of Finance: Efforts to increase revenue without affecting "health" of businesses

Minister of Finance: Efforts to increase revenue without affecting "health" of businesses

VCN - Minister of Finance Ho Duc Phoc stated that the Ministry of Finance has tried to find every solution to revenue without affecting the financial health and production and business of enterprises.
Banks to offer more shares to foreign investors

Banks to offer more shares to foreign investors

Many banks are planning to sell shares to foreign investors with the aim of attracting more diverse capital and enhancing competitiveness.
Publicize and clarify responsibilities in delaying final settlement of public investment capital for completed projects

Publicize and clarify responsibilities in delaying final settlement of public investment capital for completed projects

VCN - The Ministry of Finance publicly announced the final settlement of public investment capital for completed projects in 2023 of ministries, central agencies, corporations, state corporations, and People's Committees of provinces and centrally run cit
Improve Tax law compliance by enhancing information collection and analysis

Improve Tax law compliance by enhancing information collection and analysis

VCN - Over the past time, the General Department of Taxation has implemented many methods for information collection such as collecting information from tax management data of Tax authority; gathering information under coordination regulations between Tax
Mobile Version