FINANCIAL MANAGEMENT OF AID AMOUNTS IN CASH TO SUPPORT THE BUDGET
The Circular No. 23/2022/TT-BTC guiding the state financial management for foreign non-refundable aid belonging to the State budget revenues is issued on April 06, 2022 by the Ministry of Finance.
According to this Circular, for aid amounts in cash to support the budget, the Ministry of Finance shall, based on aid treaties and agreements, coordinate with sponsors in disbursing aid to the State budget and transferring foreign currencies to the centralized foreign currency fund of the State budget.
For targeted budget support aid amount, after disbursing to the State budget according to the above-mentioned provisions, if the aid is permitted by competent authorities to be used for specific programs or projects, based on the approved state budget revenue and expenditure estimate, the decision on approval of the program or project and the implementation schedule of a specific program or project, the program or project owner shall withdraw estimates from the State Treasury according to regulations.
Besides, for aid amounts in cash for programs, projects and non-projects implemented by Vietnamese program and project owners, the disbursement of aid from an account opened at the State Treasury or a commercial bank shall be based on the aid agreement, the decision approving the program, project or non-project by competent authorities and state budget expenditure estimates; implementation progress of programs and projects and confirmation of expenditure control by the State Treasury.
This Circular takes effect on May 20, 2022.
