January 28, 2020 11:16

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By 2020 use of public assets for payment of BT contracts will be examined

13:50 | 06/12/2019

VCN-The Minister of Finance signed Decision No. 2448/QD-BTC approving the financial inspection and examination plan for 2020. The finance sector will focus on inspection and examination by 2020 for the use of public assets for payment of BT contracts (Build-Transfer contacts).  

by 2020 the use of public assets for payment of bt contracts will be examined Decree 69 a legal framework for transparent implementation of BT projects
by 2020 the use of public assets for payment of bt contracts will be examined
Units subject to be examined in 2020 which are units have specialised operation, many problems and potential risks in budget collection and payment. Photo: T.L

The financial inspection and examination plan for 2020 is developed on the basis of evaluating results of inspection and examination in 2019. Units included in the plan which have been examined by the Ministry Inspectorate for threeyears or more; do not overlap with plans of the State Audit Office, the Government Inspectorate, ministries and sectors. In addition, units subject to be examined have specialised operation, many problems and potential risks in State budget collection and payment.

The plan follows the management of the Ministry of Finance, localities and units. At the same time, it complies with regulations on thrift practice, waste combat and anti-corruption.

According to the plan in 2020 forspecialised inspection, it will examine the management and use of the State budget, revenues from fees, charges and other non-business revenues; focus on examining ministries, sectors and localities that have large revenues and use of the State budget and have specialised financial mechanisms; inspecting the management of construction investment capital for ministries, sectors, localities and projects under the national target programme; social welfare-related projects invested or decided on investment policies by the State; the use of public assets to pay BT contracts.

The Ministry of Finance will inspect the compliance with the provisions of the law on finance, accounting, and financial obligations to the State budget for enterprises with large scale and revenue managed by the Government, sectors and localities, especially enterprises which arrange and restructure according to the Government's regulations to assess their financial status, preservation and development of capital, investment on asset procurement of enterprises and the financial investment in other enterprises and increase revenues for the State budget.

Inspect and examine the compliance with law provisions on prices and taxes for enterprises engaged in production and trading of essential goods and services, goods in the list of price stabilisation, price registration and price declaration in accordance with the Law on Prices; examine the financial management of non-state budget funds of the central and localities. At the same time, intensify inspection and examination of the compliance with law on thrift practice and waste combat in ministries, branches and localities.

For administrative inspection, in 2020, the finance sector will focus on inspecting and examining the responsibilities of heads in performing tasks, legal policies and taking responsibilities according to their competence; focusing on inspecting tax and customs management to prevent loss of State budget and trade fraud; inspecting the development and implementation of financial processes and regulations, the internal financial management; the management and use of recurrent expenditures, procurement and construction investment; staff management and use; inspect and examine the compliance with regulations on reception of citizens and handling complaints and denunciations; inspect compliance with the Ministry of Finance's legal regulations, programmes and plans on thrift practice, waste combat, and anti-corruption.

In the first 11 months of 2019, the Inspectorate Department and specialised inspection units under the Ministry of Finance conducted 82,106 inspections; examined 408,853 dossiers; proposedfinancial fines of VND 48.9 billion and fined administrative violations of VND 3.88 billion, contributing VND 11.8 billion.

By Hong Van/Ngoc Loan