Hanoi State Treasury: Expenses control effectively and properly

The state revenues collected through Hanoi State Treasury on June 15 reached 112,091 billion VND, equaling 42.6% of the estimate. Photo: Thùy Linh

Accurately regulate revenue for each budget level

According to the latest report by the Hanoi State Treasury, the total budget revenue in Hanoi in the first 6 months was estimated at 50.2% of the estimate. In particular, the state revenues collected through Hanoi State Treasury on June 15 reached 112,091 billion VND, equaling 42.6% of the estimate. Along with that, the total state budget expenditure in the whole province reached 48,173 billion VND (of that, the central budget expenditure reached 24,813 billion VND and the local budget reached 23,360 billion VND).

According to Ms. Nguyen Thi Thanh Huong, Director of Hanoi State Treasury, in recent years, through closely following the estimation of the State revenue in 2019, Hanoi State Treasury has actively coordinated with the Hanoi Department of Finance, Hanoi Tax Department and Hanoi Customs Department and the system of commercial banks in time and fully collected revenues into the state budget, accurately regulate each revenue for each budget level. The reported data has been updated promptly and uniformly between the budget management agencies in order to help local administrations at all levels to take the initiative in managing the state budget fund.

In controlling budget expenditures, Hanoi State Treasury has continued to strengthen the control of state budget expenditure in order to ensure savings, proper processes and efficiency. Specifically, the unit has controlled the expenses for asset procurement in the state budget plans and estimates which already approved by competent authorities in accordance with standards and norms.

With the control and payment of local budget investment capital, Hanoi State Treasury has regularly reported to the People's Committee of Hanoi City about the disbursement process so that the city could take measures to direct and operate the capital construction fund flexibly and guarantee payment needs for projects.

Notably, Hanoi State Treasury has implemented simultaneously and expanded its network, diversified forms of payment (by cash, bank transfer, card acceptance machine, internet banking, mobile banking). At the same time, Hanoi State Treasury opened collection accounts at commercial bank branches (Vietinbank, Vietcombank, BIDV, Agribank and MB) with hundreds of state budget collection points, ensuring material facilities, equipment and technology to meet the demand for collection and payment, facilitating enterprises and economic organizations to pay taxes. These forms of payment have contributed to reduce tax payment time for people and businesses.

In particular, Mrs. Huong said that in the first 6 months, Hanoi State Treasury has continued to promote the deployment of online public services at level 3 to all units using the transaction budget at Hanoi State Treasury. This was one of the basis for Hanoi State Treasury to reach e-treasury in 2020.

Speeding up disbursement progress

According to information from Hanoi State Treasury, Mrs. Huong said that in the first 6 months, the disbursement rate of capital construction investment through Hanoi State Treasury was still low. Specifically, as of June 15, only 5,633 billion VND was disbursed, accounting for 16.4% of the plan.

Mrs. Huong affirmed that from now until the end of the year, Hanoi State Treasury would urgently implement the disbursement of investment capital under the directives of the City People's Committee. At the same time, the unit would continue to urge the disbursement progress of investment from the local budget, striving to complete the assigned capital plan by the end of the year.

Hanoi State Treasury would also focus on controlling the state budget expenditure lawfully, effectively, in a timely manner, ensuring savings, combating waste, reducing the proportion of regular expenditures, increasing investment spending for key projects, especially transport infrastructure work to serve the city's economic development.

Hanoi State Treasury would continue to strengthen coordination with collection agencies, focus and reflect fully and promptly state revenues. To collect the amount of money paid by organizations and individuals; make accounting of the state revenues for the budget levels in accordance with the provisions of the State Budget Law and competent state authorities.