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State Treasury strictly controls spending

10:08 | 23/04/2022

VCN – From the beginning of the year, the State Treasury has strictly and effectively controlled budget spending in accordance with the law.

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The State Treasury has strictly and effectively controlled budget spending in accordance with the law. Photo: TL.
The State Treasury has strictly and effectively controlled budget spending in accordance with the law. Photo: TL.

According to the latest report from the State Treasury, the recurrent spending by the State Treasury system from the beginning of the year to March 31, 2022 was VND205,563 billion or 18.48% of the estimate in 2022 (excluding spending for debt repayment, donation, adding the financial reserve fund and provision).

For the public investment capital plan in 2022, as of March 31, 2022, VND57,007.2 billion was allocated, equal to 11.62% of the annual plan approved by the Prime Minister (VND490,494.9 billion); equal to 10.8% of the public investment capital plan under the 2022 plan (VND527,546 billion).

For public investment capital transferred from the previous year, by the end of March 2022, capital under the 2021 plan transferred to 2022, disbursed through the State Treasury, reached VND66 billion, equal to 3.8% of the 2021 plan transferred to 2022.

According to the State Treasury, the whole system has implemented administrative reforms in spending control, and accelerated transactions on the online public service system to both increase transparency and speed up the payment and disbursement.

Although Vietnam has entered a normal state, the pandemic has still had strong impacts

Therefore, to ensure spending sources for beneficiaries in the second quarter and the following quarters, the State Treasury has requested the affiliated units to actively coordinate with ministries, Central agencies and local agencies and budget-users to promptly remove difficulties and obstacles arising in the capital control and payment, ensuring that capital is allocated according to the regime and within the approved estimate; and strengthening control of recurrent expenditures, especially expenditures for national festivals, ceremonies, conferences, seminars, and business trips abroad.

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The State Treasury required its affiliated units to effectively implement online public services for state budget-using units, aiming to better serve customers; proactively, regularly and periodically warn about risks in transactions between beneficiaries and the State Treasury, especially the management and use of digital certificates, digital signatures, and electronic payments from state budget beneficiaries.

By Thuy Linh/ Huyen Trang