GUIDANCE ON ACCOUNTING THE AMOUNTS FOR ISSUANCE DOMESTIC DEBT INSTRUMENTS INTO THE STATE BUDGET
On September 21, 2021, the Ministry of Finance promulgates the Circular No. 79/2021/TT-BTC amending and supplementing Clause 1, Article 2 of the Circular No. 81/2020/TT-BTC dated September 15, 2020 on amending and supplementing a number of articles of the Ministry of Finance’s Circular No. 110/2018/TT-BTC dated November 15, 2018 on guiding the repurchase or swap of the Government’s debt instruments, Government-guaranteed bonds, local administration bonds in domestic market and the Ministry of Finance’s Circular No. 342/2016/TT-BTC dated December 30, 2016 detailing and guiding the implementation of a number of articles of the Decree No. 163/2016/ND-CP dated December 21, 2016 on detailing a number of articles of the Law on the State Budget.
Accordingly, recording, accounting the amounts for issuance, swap, repurchase of domestic debt instruments into the state budget shall be as follows: Loans through issuance of bonds, treasury bills, national construction bonds shall be recorded according to their par values; In cases there arises differences between sale prices of bonds, treasury bills, national construction bonds and their par values, between the par values of repurchased bonds and their repurchase prices, such differences shall be accounted and monitored in the separate accounts; etc.
Besides, for amounts arising from differences of par values between the swapped bonds and the swapping bonds, not to record them into state budget revenues and expenditures; in case of positive differences, the decrease in outstanding loan of the budget shall be recorded, in case of negative differences, the increase in outstanding loan of the budget shall be recorded immediately after the bond swap is carried out.
The Circular takes effect on November 15, 2021.
