GUIDING THE METHODS OF PAYMENT FOR ADJUSTMENT OF THE STATUTORY PAY RATE
On June 30, 2017, the Ministry of Finance issued the Circular No. 67/2017/TT-BTC dated June 30, 2017 of the Ministry of Finance guiding the determination of funding demand and source and methods of payment for adjustment of the statutory pay rate under the Government’s Decree No. 47/2017/ND-CP and adjustment of monthly benefits of retired officials of communes as prescribed in the Government’s Decree No. 76/2017/ND-CP dated June 30, 2017.
In particular, Governments of provinces or central-affiliated cities that have large sources of funding to meet funding demand for implementing Decree No. 47/2017/ND-CP and Decree No. 76/2017/ND-CP shall actively use the increased revenues of local-government budget and saving from 10% of regular expenditure (part retained in focus) to provide additional funding sources for estimate units at the same level and affiliated budget estimate units that still lack of funding sources.
For financially-challenged local governments that have low budget and demand for funding to implement policies in Decree No. 47/2017/ND-CP and Decree No. 76/2017/ND-CP larger than funding sources. While waiting for the funding additionally provided by competent authorities, the superior-level budget may make advance payment for subordinate budget that lacks of funding for implementation of the said decrees; the advanced funding shall be deducted from the funding officially provided by competent authorities. Units funded by state budget shall actively use the 2017 budget estimates that are assigned and the revenues retained as regulated to promptly pay the increased salary and allowances for the entities. Financially-challenged local governments that have low budget shall send written requests to Ministry of Finance for advance of funding for implementing the said decrees.
The accounting and settlement for funding to adjust salary and allocates for the entities prescribed in this Circular shall comply with regulations of the Law on State Budget and current legal documents.
This Circular takes effect on August 15, 2017 and replaces the Circular No. 103/2016/TT-BTC dated June 29, 2016.
