Secretary of Ha Noi Party Committee: State treasury of Ha Noi reforms towards smart treasury model

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The Secretary of Ha Noi Party Committee Hoang Trung Hai proposed the State treasury of Ha Noi speed up reform towards “smart and non-cash treasury model.

Reporting on the implementation of political task in the first 8 months of 2017 and key tasks in the last 4 months of the year, the Director of State Treasury of Ha Noi Dao Thai Phuc said that until 25 August 2017, the total State revenues in the estimate of the State Treasury of Ha Noi was 128,027 billion VND, reaching 62.5% of the estimate.

For the expenditure control, the State Treasury of Ha Noi closely followed the direction of the Ministry of Finance, the State Treasury, Ha Noi Party Committee, the People's Council and People's Committee on control and implementation of fiscal-budgetary tasks in 2017 in the spirit of active collaboration with departments, sectors and units using State budget in removing obstacles to implementing the estimate 2017.

For annual expenditures, the State Treasury of Ha Noi directed units to complete and supplement payment documents as per regulations. Regarding expenditure for basic construction capital investment, the unit also regularly collaborates with investors, project management boards to complete procedures and dossiers under new regulations (Law on Public Investment, Law on Construction and Law on Bidding and etc).

As a result, until the end of 25 August 2017, a total State expenditure through the State Treasury was 64,062 billion VND, including 31,863 billion VND for Central expenditures and 32,199 billion VND for local expenditures.

The Deputy Minister Huynh Quang Hai stated that the State Treasury of Ha Noi actively collaborated with Tax sector, Customs sector and commercial banking system focus on timely and fully collecting and accounting to State budget and exactly allocating each revenue for each level.

According to the Deputy Minister, the State Treasury of Ha Noi is a key unit in State Treasury system. The operation of the unit is not only for city’s operation but also for the success of Central agencies in the City.

Vice Chairman of Ha Noi People's Committee Nguyen Doan Toan highly appreciated achievements of the State Treasury of Ha Noi. According to him, 2017 is the first year implementing the Law of State budgets 2015, Ha Noi has deployed the fiscal-budgetary task in the context of the estimate of revenues collection assigned by Central increasing of 18% compared to 2016. Thereby, the task of the Finance sector in general and State Treasury of Ha Noi, in particular, is heavy task. However, the unit has made great efforts to carry out the tasks assigned by the city in the first 8 months of 2017.

Starting at the working visit, Secretary Hoang Trung Hai expressed his delight at the achievements of the State Treasury of ha Noi in the first eight months of the year. Mr. Hoang Trung Hai highly appreciated the administrative reform of the State treasury system in general and the State Treasury of Hanoi in particular with the orientation of reducing the number of customers implementing transaction at State Treasury units.

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"This is a reasonable goal in the city's administrative procedure reform as well as in the e-government development so that people can contact and handle the procedures via internet without spending time for travelling. This is a step towards “a smart and non-cash treasury" Mr. Hai said.

In addition, Mr. Hai noted that problems arising during the task implementation, especially problems related to a number of Laws (Law on Public Investment, Construction, Bidding) in capital disbursement will be unavoidable. Therefore, he requested that the State Treasury of Hanoi must introduce solutions to remove obstacles and further reform to contribute to the development of e-Government in the future.