Decree No. 45/2017/ND-CP dated April 21, 2017 of the Government on detailing the formulation of five-year finance plans and three-year finance-state budget plans

Summary
Content
Status
Vietnamese
Download

Error message

Font size:

ATTRIBUTE

Issuing body:	Government	Effective date:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Official number:	45/2017/ND-CP	Signer:	Nguyen Xuan Phuc
Type:	Decree	Expiry date:	Updating
Issuing date:	21/04/2017	Effect status:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Fields:	Finance - Banking

SUMMARY

Regulations on the formulation of finance and finance-state budget plans

On April 21, 2017, the Government issued the Decree No. 45/2017/ND-CP detailing the formulation of five-year finance plans and three-year finance-state budget plans.

In accordance with the regulations in this Decree, the Ministry of Finance shall assume the prime responsibility for, and coordinate with the Ministry of Planning and Investment and related ministries and central agencies in, formulating national five-year finance plans and reporting them to the Government for submission to the National Assembly for consideration and decision. Provincial-level People’s Committees shall direct provincial-level Finance Departments to assume prime responsibility for, and coordinate with provincial-level Planning and Investment Departments and other related local agencies in, formulating provincial-level five-year finance plans and reporting them to provincial-level People’s Councils for consideration and decision.

Within that, the Contents of a national five-year finance plan includes the content such as determination of overall objectives of the five-year finance plan; determination of the state budget balance; debt management indicators; forecasts about risks that might affect the state budget balance and debt management indicators and other financial solutions to ensuring the implementation of the national five-year finance plan…

The Ministry of Finance shall assume the prime responsibility for, and coordinate with the Ministry of Planning and Investment in, summarizing national three-year finance-state budget plans and reporting them to the Government for submission to the National Assembly for reference during the discussion, consideration and approval of annual state budget estimates and central budget allocation plans. Provincial-level Finance Departments shall assume the prime responsibility for, and coordinate with provincial-level Planning and Investment Departments in, summarizing provincial-level three-year finance-state budget plans and reporting them to provincial-level People’s Committees for submission to provincial-level People’s Councils for reference during the discussion, consideration and approval of annual local budget estimates and allocation plans.

This Decree takes effect on June 5, 2017, and applies from the 2017 budgetary year.

For more details, click here.

Download files here.

LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency

Effect status: Known

THE GOVERNMENT		THE SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness
No. 45/2017/ND-CP		Hanoi, April 21, 2017

DECREE

Detailing the formulation of five-year finance plans and three-year finance-state budget plans[1]

Pursuant to the June 19, 2015 Law on Organization of the Government;

Pursuant to the June 25, 2015 Law on the State Budget;

Pursuant to the June 18, 2014 Law on Public Investment;

Pursuant to the June 17, 2009 Law on Management of Public Debts;

At the proposal of the Minister of Finance;

The Government promulgates the Decree detailing the formulation of five-year finance plans and three-year finance-state budget plans.

Chapter I

GENERAL PROVISIONS

Article 1. Scope of regulation

This Decree details a number of articles of the Law on the State Budget regarding formulation of five-year finance plans and three-year finance-state budget plans; and tasks and powers of related agencies and units in the formulation of these plans.

Article 2. Subjects of application

1. Ministries, ministerial-level agencies, government-attached agencies and other central agencies (below referred to as ministries and central agencies); People’s Committees of provinces and centrally run cities (below referred to as provincial-level People’s Committees); provincial-level agencies and units; and other agencies and organizations involved in the formulation of five-year finance plans and three-year finance-state budget plans.

2. This Decree does not apply to agencies and organizations that do not have regular relations with the state budget.

Article 3. Interpretation of terms

In this Decree, the terms below are construed as follows:

1. Five-year finance plan means a finance plan drawn up for a five-year period together with the five-year socio-economic development plan under Article 17 of the Law on the State Budget. Five-year finance plans include national five-year finance plans and provincial-level five-year finance plans.

2. Three-year finance-state budget plan means a finance-state budget plan formulated annually by the successive method for three consecutive years, including the year of budget estimation and two following years, under Clauses 1 and 2, Article 43 of the Law on the State Budget. Three-year finance-state budget plans include national three-year finance-state budget plans and provincial-level three-year finance-state budget plans.

3. Three-year finance-state budget plans of ministries, central agencies and provincial-level agencies and units are three-year finance-state budget plans formulated annually by the successive method by ministries, central agencies and provincial-level agencies and units for three consecutive years under Clause 3, Article 43 of the Law on the State Budget.

4. Successive method means that annually agencies and units assigned to formulate three-year finance-state budget plans update and assess new developments in the socio-economic and state budget situation and clearly identify issues that newly arise so as to set an order of priority for allocation of resources in the medium term, creating a basis for annual state budget estimation.

5. Ceiling budget expenditure means the state budget expenditure limit notified by a competent agency to a ministry, central agency or provincial-level agency or unit for each year in a three-year planning period, in which the ceiling expenditure in the first year is the figure for budget expenditure estimate examination notified by a competent state agency under Clause 22, Article 4 of the Law on the State Budget.

6. Basic expenditure means the state budget expenditure for the performance of tasks and implementation of activities, regimes and policies in each sector which are and will be further performed or implemented in the three-year planning period and for which a

Click download to see the full text

Please log in to a subscriber account to see the full text. Don’t have an account? Register here

Processing, please wait...

LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency

VIETNAMESE DOCUMENTS

Decree 45/2017/NĐ-CP DOC (Word)

Decree 45/2017/NĐ-CP PDF (Original)

Decree 45/2017/NĐ-CP ZIP (Word)

ENGLISH DOCUMENTS

Official Gazette

* Note: To view documents downloaded from LuatVietnam.vn, please install DOC, DOCX and PDF file readers

For further support, please call 19006192

Decree No. 45/2017/ND-CP dated April 21, 2017 of the Government on detailing the formulation of five-year finance plans and three-year finance-state budget plans

ATTRIBUTE

SUMMARY

VIETNAMESE DOCUMENTS

ENGLISH DOCUMENTS

SAME CATEGORY

Law on Credit Institution No. 32/2024/QH15 dated January 18, 2024 of the National Assembly

Decision No. 1726/QD-TTg dated December 29, 2023 of the Prime Minister approving the Strategy on development of the securities market through 2030

Decision No. 544/QD-TTg dated April 20, 2017 of the Prime Minister on approval for the medium-term debt management program in 2016 – 2018 period

Directive No. 13/CT-TTg dated April 04, 2017 of the Prime Minister on increasing the use of domestically produced supplies and commodities during the bidding process for state-funded capital investment projects and recurring purchase