State Reserves: Focus on public finance reform
Mr. Do Viet Duc, General Director of the State Reserve inspects the quality of rice at some warehouses managed by Thanh Hoa Department of State Reserves. |
Merging 10 branches in 5 branches
Mr. Nguyen Van Binh, Director Legal and Policy Department said that 2018 was the year that the State Reserves promote the development of economic and technical norms and technical regulations to manage the national reserve goods; 2018 was the first year of implementation of the Law on the management and use of Public assets and was the second year of implementation of the Law on State budget.
Accordingly, the tasks of public finance reforms of the State Reserves are very heavy, especially continuing to perfect mechanisms and policies to manage finance and assets in accordance with the new regulations. In the first 5 months of 2018, the General Department of State Reserves has made efforts to implement many key measures for development of policies, laws and internal mechanisms. Thus, after the first 5 months, the development of mechanisms and policies has achieved many positive results.
First of all, regarding the development of legal documents according to Decision No. 2702 / QD-BTC of the Ministry of Finance approving the Program on development of legal documents in 2018, which was prepared by the Ministry of Finance to be submitted to competent authorities for promulgation or issued by the Ministry of Finance, the General Department has been assigned to chair to prepare and submit to the Ministry of Finance to issue 06 circulars in the third quarter and the fourth quarter of 2018. In the first five months of the year, the General Department of State Reserves has drastically directed the development, consulted Ministries and sectors and submitted to the Ministry in accordance with the regulations. So far, the General Department has submitted 01 circular to the Legal and policy Department of the Ministry of Finance for appraisal and 02 circulars to the ministries and sectors for consultation.
In order to have a basis for establishing technical and economic norms in the management of the national reserve goods, the General Department of State Reserves has been in charge of coordinating with the Ministries and sectors in charge of managing the national reserves to discuss and advise the Ministry of Finance to instruct to remove difficulties and speed up the development progress of the national technical regulations on state reserve goods. Thereby, submitting to the Ministry of Finance to sign Document No. 5707 / BTC-TCDT to guide the development of national technical regulations on state reserve goods and to unify the principle of objects of national technical regulations; to harmonize the contents of national technical regulations on state reserve goods; to agree on the order and procedures for elaboration and promulgation of national technical regulations on state reserve goods.
In particular, the General Department has implemented many tasks to reform the mechanisms and policies on financial management and public assets. Accordingly, focusing on developing a Circular to replace Circular No. 108/2013 / TT-BTC on the management of technical-economic norms for all national reserves; a Circular to amend and supplement Circular 145/2013 / TT-BTC guiding the plan and state budget for the national reserve Program; a Circular to amend and supplement Circular No. 89/2015 / TT-BTC guiding the purchase, sale, import and export of national reserve goods; and a Circular regulating indicators for national reserve statistics, and a Circular on accounting regime for national reserves.
At the same time, developing a program on internal management mechanism and policies of the sector in 2018 with 25 projects, including many projects on mechanisms and policies of financial and public asset management such as: developing and proposing to the Ministry of Finance to promulgate regulations of national reserve warehouses; developing and issuing under its competence regulations on internal spending; regulations on management and use of fund for scientific research, regulations on specialized machinery and equipment of the General Department of State Reserves, regulations on information technology equipment of the General Department of State Reserves, regulations on power decentralization to decide on purchase, management and use of public assets; implementing the project on organizing house and land according to the approved plans; guiding the Departments of State Reserves to implement the regulations on the loss of national reserve salt. In addition, the competent units of the General Department are required to review the system of norms, regulations on finance, properties and state budget to continue to propose the completion of mechanism and policies in the coming time.
Together with the implementation of the projects and tasks of public finance reforms, the General Department of State Reserves continues to implement the reform of the organization and the apparatus under the progress of the project amending Decision 106/2009 / QD-TTg of the Prime Minister defining the functions, tasks, powers and organizational structure of the General Department of State Reserves under the Ministry of Finance; to deploy the project to merger 10 Branches of national reserves into 5 branches; continues staffing streamlining under the project on staffing streamlining approved by the Ministry of Finance at Decision No. 2503 / QD-BTC regarding the approval of project on staffing streamlining of the Ministry of Finance for the 2016-2020 period. Thereby, contributing to promoting the public financial reform and effectively using public finance and assets.
Director Nguyen Van Binh said that in the first quarter of 2018, the Director General of State Reserves has issued the process of estimating and finalizing expenses for the export of national reserve goods for aid and donation. The reform of administrative procedures has been focused to step by step simplify, clarify and publicize the process and operations in the performance of professional tasks.
Reviewing the Law on National Reserves
With the objective of fulfilling the tasks of the sector, creating the initiative and effectively implementing tasks, the General Department of State Reserves has set many tasks and measures from now to the end of 2018.
Specifically, continuing to develop and submit the competent authorities to issue schemes on mechanisms and policies in general and mechanisms and policies on management of public finance, assets and the State budget in particular; intensifying to monitor and urge the units, which are assigned with the task of assuming the prime responsibility for drafting, to ensure the quality and progress as decided by the Ministry of Finance.
Another important task is to continue reviewing and evaluating the system of legal normative documents on the National Reserves, especially the Law on National Reserves, because by the end of July 2018, the Law will have been implemented for five years. Over the past 5 years, there have been many changes, and it is necessary to review and evaluate all the provisions of the Law in order to continue to consult to improve the system of legal documents on national reserve goods in consistence with the management requirements and in conformity with the relevant legal provisions. Accordingly, developing a legal document program for 2019 and the following years.
Officially accredit Director General of General Department of State Reserves VCN – By being authorized by Minister of Finance, Deputy Minister Tran Van Hieu handed over Decision ... |
In addition, the General Department of State Reserves will continue to strengthen the propaganda and dissemination of laws on finance, state budget and public assets and laws on the purchase and sale of national reserve goods in order to properly implement the provisions, contributing to effectively using and managing public sources in the State reserve sector.
Related News
One law amending seven financial laws: New driving force for economic growth
16:34 | 01/11/2024 Regulations
Removing legal hurdles in regular spending for capital assets
09:02 | 05/11/2024 Finance
Accelerating decentralization in public asset management
11:26 | 26/10/2024 Finance
Rush to finalize draft decree on public asset restructuring
09:28 | 29/10/2024 Finance
Latest News
M&A activities show signs of recovery
13:28 | 04/11/2024 Finance
Fiscal policy needs to return to normal state in new period
09:54 | 04/11/2024 Finance
Ensuring national public debt safety in 2024
17:33 | 03/11/2024 Finance
Removing many bottlenecks in regular spending to purchase assets and equipment
07:14 | 03/11/2024 Finance
More News
Continue to handle cross-ownership in banks
10:35 | 02/11/2024 Finance
Striving for average CPI not to exceed 4%
16:41 | 01/11/2024 Finance
Delegating the power to the government to waive, lower, or manage late tax penalties is suitable
16:39 | 01/11/2024 Finance
Removing difficulties in public investment disbursement
09:30 | 31/10/2024 Finance
State-owned commercial banking sector performs optimistic growth, but more capital in need
09:28 | 31/10/2024 Finance
Stipulate implementation of centralized bilateral payments of the State Treasury at banks
09:29 | 29/10/2024 Finance
Inspection report on gold trading activities being complied: SBV
14:37 | 28/10/2024 Finance
Budget revenue in 2024 is estimated to exceed the estimate by 10.1%
10:45 | 28/10/2024 Finance
Ensure timely and effective management and use of public asset
11:31 | 27/10/2024 Finance
Your care
Removing legal hurdles in regular spending for capital assets
09:02 | 05/11/2024 Finance
M&A activities show signs of recovery
13:28 | 04/11/2024 Finance
Fiscal policy needs to return to normal state in new period
09:54 | 04/11/2024 Finance
Ensuring national public debt safety in 2024
17:33 | 03/11/2024 Finance
Removing many bottlenecks in regular spending to purchase assets and equipment
07:14 | 03/11/2024 Finance