In 2019, State budget revenue and expenditure in cash through treasuries drops sharply

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The number of customers coming to the State Treasuries is decreasing: Photo: Thuy Linh.

In 2019, the State Treasury continued to implement measures to promote non-cash payments such as the provisions of Circular No. 136/2018 / TT-BTC dated December 28, 2018 of the Ministry of Finance (effective from January 1, 2019) on cash withdrawals at banks; regularly publicised and guided people, businesses and units the use of non-cash payment methods in State budget collection and spending.

Along with that, the State Treasury also strictly controlled cash payments, coordinated and provided information on cash payment requests to commercial banks where accounts were opened to arrange cash sources to meet spending needs of the State budget; expanded collection accounts at commercial banks to enhance coordination and authorisation of State budget collection in cash.

To reform the State budget collection, recently, the State Treasury expanded the collection accounts at five commercial banks (Vietcombank, Vietinbank, BIDV, Agribank and MB) and diversified payment methods in the collection and payment of State budget such as internet banking, ATM and POS to expand space and time of State budget collection and payment (24/7), shortening the time for carrying out procedures of State budget collection and payment.

Since then, coordination and authorisation of State budget collection in cash has been strengthened, contributing to rapidly increasing revenues and timely payment to the State budget. At the same time, supporting taxpayers, ensuring safety and efficiency in State budget management and improving national competitiveness.

According to statistics from the State Treasury, by November 30, 2019, there were 1,161 specialised collection accounts of the State Treasury units. Thereby, total State budget revenue and expenditure in cash through the State Treasury system significantly decreased compared to the same period last year.

Specifically, State budget revenue in cash through the State Treasury system accounted for 0.47 percent of total State Treasury revenue (down 14 percent compared to the same period in 2018); State budget expenditure in cash through the State Treasury system accounted for 2.96 percent of total State Treasury expenditure (down 43 percent compared to the same period in 2018).

State Treasury managed state budget flexibly and reduce waste in 2019

According to the State Treasury, the acceleration of the deployment, completion and modernisation of electronic payment systems in recent years has helped budget management be safe, effective, and the payment through the State Treasury be quick, safe and convenient, contributing to reforming administrative procedures and aiming to minimise cash transactions.