Hanoi State Treasury reduces 50 hubs at unit level with over 70 leaderships positions

Mr. Đào Thái Phúc - Director of Hanoi State Treasury at the meeting on 29/1

In 2017, according to Mr. Phuc, the control of collection and expenditure by the Hanoi Treasury was 210,445 billion VND, reaching 102.8%, exceeding 15% for 2016. The management of State Budget collection has been deployed effectively. It has quickly and accurately, fully accounted remitted revenues, and regulated each budget level item for the Hanoi Treasury. In a nutshell, debt collection has been implemented drastically last year.

The work of controlling state budget expenditures via the Hanoi Treasury has also achieved good results. In the year 2017, the Hanoi Treasury tightened control over state budget expenditures, ensuring correct procedures and accuracy, and cost-effective expenditures for the state budget. "Hanoi Treasury strictly controls the procurement of cars and specialized equipment of agencies and units in accordance with standards and norms issued by competent authorities," Mr. Phuc said.

In terms of capital construction, in 2017, the Hanoi Treasury spent 11,242 billion VND of the Central budget, accounting for 82% of the current appropriation by spending 23.939 billion VND (69.6%) on local budgets.

The task of managing money and property is always taken care of by the Hanoi Treasury using many professional methods. For example, the strengthening of discipline with the implementation of mechanisms, policies, regulations, and professional processes. The implementation of a real collaboration mechanism between Hanoi Treasury and Police agencies in the areas of ensuring money security, measures for State properties in storage, and ‘on route’ mechanisms and daily transactions.

In particular, the administrative reforms and shakedown are effectively implemented by Hanoi Treasury in order to facilitate units using budgets, investors, and project management teams for State expenses transactions.

Besides the disclosure listing of procedures, dossiers and payment procedures at all treasury offices from 1/10/2017, and all state budget expenditures and other capital disbursed through Hanoi Treasury are implemented by the Expenditure Control Division, instead of the previous two divisions. To simplify the dossiers and vouchers on expenditure control, they have striven to shorten the processing time for dossiers and State budget expenditure documents at treasury units, by proceeding with the implementation of electronic payment. "In the past, it took 2 days to process recurring payments, but now it's reduced to just one day, and soon it's going to be in minutes. Investment expense control took 7 days, now it has reduced to 3 days," said Phuc.

In the direction and task for 2018, the Director of the Hanoi Treasury, Dao Thai Phuc, emphasized that they would continue to control state budget collection and expenditures in a strict and safe manner, by enhancing the role and responsibility of the Hanoi Treasury in coordination with the tax authorities, Customs, commercial banks, and by contributing for the completion of the state budget revenue in 2018.

Moreover, they are to organize the accounting work well, payments for safety, supply information and report fully, promptly and accurately by ensuring the security and safety of money and property, and by maintaining the safety of the agencies and order of each unit in the Hanoi Treasury. They will continue to streamline the organization and reform administrative procedures. They will also update and publicize processes, operations, and dossiers in the work place and on the sector website so that the people will able to update, implement and supervise.