State Treasury control State Budget capital expenditure effectively from the beginning of 2023

VCN – From the beginning of 2023, the State Treasury system has safely and effectively controlled the expenditure of State Budget capital.
Professional activities of officials at Binh Duong State Treasury. Photo: Thuỳ Linh
Professional activities of officials at Binh Duong State Treasury. Photo: Thuỳ Linh

With the capital plan in 2022, according to a report from the State Treasury, in the task of recurrent spending, it is expected that by the end of January 31, 2023, the whole system has controlled an estimated VND1,007,857 billion, equalling 90.6% of the recurrent expenditure estimate in 2022 of the state budget through the State Treasury (excluding debt payments, aid, additional expenditures to the financial reserve fund and provisions).

Regarding investment spending, it is expected that by the end of January 31, 2023, the accumulated payment of public investment capital in the 2022 plan is VND 521,409.6 billion; equalling 96.1% of the plan assigned by the Prime Minister to control expenditure through the State Treasury (the plan was VND 542,295.3 billion); equivalent to 82.7% of the capital plan assigned by the Prime Minister and the Provincial People's Committee assigned to control spending through the State Treasury (the plan is VND 630,544.6 billion).

In particular, domestic capital is VND 500,185.4 billion, equalling 98.5% of the capital plan assigned by the Prime Minister; equivalent to 83.9% of the capital plan assigned by the Prime Minister and the provincial People's Committee. The foreign capital which is controlled and confirmed through the State Treasury is VND 21,224.3 billion, equaling 61.4% of the capital plan assigned by the Prime Minister.

Regarding the results of payment of state budget capital under the 2023 plan, the report from the State Treasury also said that the estimated allocation in 2023 is VND 1,184,795 billion, excluding advance payments and estimates transferred from the previous year.

By the end of January 31, 2023, the whole system had controlled an estimated VND 90,000 billion, equal to 7.6% of recurrent expenditure estimate in 2023 of the state budget through the State Treasury (excluding payment of debt, aid, additional expenditures to the financial reserve fund, reserves).

Regarding investment expenditure under the capital source in 2023, by the end of January 31, 2023, it is expected that the cumulative disbursement of public investment capital under the 2023 plan is VND 12,894.6 billion; equal to 2% of the plan in 2023 assigned by the National Assembly, the Prime Minister to control spending through the State Treasury (VND 648,651.7 billion).

In particular, domestic capital is VND 12,894.6 billion, equaling 2.1% of the plan in 2023 assigned by the National Assembly and the Prime Minister. Foreign capital which is controlled and confirmed is VND 0 billion, equal to 0% of the plan in 2023 assigned by the National Assembly and the Prime Minister to control expenditure through the State Treasury.

In the future, the State Treasury will continue to review the cooperation process of investment spending and upgrade the functions of the online public service system to meet the cooperation process with investment spending documents.

At the same time, it will conduct a survey of some State Treasury units on the online public service system to upgrade online public services to meet the requirements of amendments in Decree No. 11/2020/ND-CP.

By Thuỳ Linh/Thanh Thuy

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