Many mistakes in financial management and budget

View the press conference.

Recover 8.9 trillion VND for budget

Chairing the conference, Mr. Tran Huy Truong, Deputy Chief Inspector of the Ministry of Finance, said that in the third quarter of the year, the whole Finance branch carried out 35,355 inspections; inspecting 165,557 tax returns at the tax office and 4,184 arrests through anti-smuggling investigations; Proposed financial handling of nearly 5.8 trillion VND.

In the first 9 months of 2017, the whole sector has carried out 67,186 inspections; inspected 354,426 tax returns at tax authorities and 10,022 arrests through anti-smuggling investigations; Financial disposition proposal 13.6 thousand VND.

Among them, the discovery and recommendations of withdrawn nearly 12.5 trillion VND, other proposals 1.1 trillion VND; Violation of administrative violations 2.2 trillion VND. The amount paid to the state budget more than 8.9 trillion VND.

Through the inspectors, they have proposed to review and urge the recovery of tax debts and to sanction administrative violations in case of violations; Reinforcing the management of construction investment capital, surveying, designing, estimation, bidding and measures to accelerate the implementation of projects.

The financial inspectorates also proposed ministries, branches, and localities to supplement the procedures and revise legal documents related to the management, administration and policy mechanisms in accordance with legal and practical.

The status of capital allocation exceeds the prescribed time limit

Answering media about the typical violations, Mr Truong said through inspections, the Ministry of Finance has discovered many violations in the management and implementation of financial and budgetary policies such as: The allocation of budget capital for the project exceeds the prescribed time limit; Failing to assign budget revenue estimates for a number of revenues falling under the competence of localities; Unallocated counterpart funds from the provincial budget for some targeted projects; Estimation of capital construction investment expenditures in contravention of regulations results in unbalances which fail to ensure the sources of expenditures.

In the management of finance and budgets in ministries and sectors, the most common violations are that budget estimation is still slower than the prescribed time, lack of detailed explanatory report, lack of revenue and not close with preceding year; Assigning charges and fees estimates to dependent units is not appropriate; To adjust the expenditures of some irregular expenditure tasks without the agreement of the Ministry of Finance; Some fees and charges are higher than stipulated etc.

Particularly, inspecting and examining the management of capital construction investment capital, detecting many shortcomings and mistakes, such as the elaboration and approval of total investment levels, which have been inaccurate; Illegally estimating and approving estimates resulting in bid-winning prices must be subtracted from the volume; Approve settlement, payment incorrectly; Receiving payment improperly ...

The financial management in enterprises still has the status of developing plans to increase charter capital not in accordance with actual capital needs; Accounting for the shortage of turnover, other incomes, improper accounting of profits etc.

Mr. Tran Huy Truong added that in order to improve the efficiency of inspection and examination in the coming time, the Ministry of Finance's inspection units will continue to actively monitor the situation, regularly report and to provide timely solutions to problems arising in the course of inspection; Organize the development of the inspection and examination plan 2018 under the guidance of the Government Inspectorate and close to the direction and management requirements of the sector.

Along with that, to intensify monitoring and urge the implementation of petitions and decisions on post-inspection handling, clarify reasons for late implementation or incomplete implementation, and propose and apply measures clothing; To coordinate and exchange information, well implement regulations on coordination among units within the finance branch and between the Ministry of Finance and functional agencies in preventing, detecting and handling the acts that violates the law, especially in the field of taxation, customs and smuggling, illegal transportation of goods, drugs and narcotic substances.