Urging investors to make and submit the final settlement of completed projects and works, and expeditiously approve the final settlement of investment capital of the completed project or work when fully meeting the legal requirements for documents and procedures to serve as a basis for the State Treasury to settle payments and finalize the project's current account.
* For local Departments, Boards and Branches
Departments, departments, branches and localities have an important role in the management of capital construction investment, are the direct state management agencies on capital construction investment, and are the decision-making authorities on investment projects using state budget capital. Therefore, in order to improve and effectively use capital construction investment from the State budget, create favorable conditions for the control of payment of capital construction investment by the State Treasury, departments, agencies, sectors and localities need to:
- Formulate and fully issue norms and unit prices for capital construction investment, timely supplement and replace norms and unit prices that are not close to reality as a basis for building estimates close to the time of project implementation to avoid additional adjustments causing loss and waste of investment capital.
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Completing control of payment of capital construction investment capital from the provincial state budget at the State Treasury of Bac Ninh - 1 -
Completing control of payment of capital construction investment from the provincial state budget at the State Treasury in Bac Ninh - 2 -
Orientation and Objectives Completing the Control of Payment of Investment Capital from the Provincial Government of Bac Ninh Kbnn -
Factors Influencing Control of Payment of Investment Capital Xdcb From Nsnn Through Kbn -
Organization of the Control System for Payment of Investment Capital Xdcb From Nsnn Through Kbnn Bac Ninh
- Before submitting to the application for approval of an investment project, for approval of the estimate, for approval of the bidding results, the effectiveness of the project (economic, social, and environmental effectiveness...) of the capital construction investment project must be considered.
- Timely input the capital plan for the projects after being assigned the capital plan by the Provincial People's Committee.
- Strengthen the inspection and examination to detect errors during the implementation of investment projects and promptly correct them to ensure the most effective investment capital.
* For investors, contractor consulting units
Investors and contractor consulting units in the process of management and implementation of investment projects must strictly abide by the provisions of the law on investment and construction. Comply with the investment and construction order, process and technical regulations when building works. When the construction project is completed, it must urgently make a report on the settlement of investment capital and submit it to the competent authority for approval.
CONCLUDE
Controlling the payment of capital construction investment from the state budget is a very important issue, related to the effective mobilization and use of investment capital and financial resources of the country. However, in the process of managing and using this capital, it has been showing the phenomenon of loss, waste, and negativity. Up to now, the management of capital construction investment capital from the state budget still has many shortcomings from the allocation of capital plans, the use of capital to the payment and settlement of investment capital, the overlap between the guiding documents, which has led to inefficient use of capital, reducing the quality of the work. Recognizing the importance and urgent requirements of the problem, it is necessary to evaluate this work every year, the content of the assessment of the control of payment of capital construction investment capital from the state budget includes: Evaluation of the organization, implementation, apply the mode text; Evaluation of the organizational model of personnel and control of payment of capital construction investment capital from the state budget; Evaluation and control of capital advance for capital construction investment from the state budget; Assessment and control of capital expenditure and payment for capital construction from the state budget; Valuing the application of information technology to control the payment of capital construction investment from the state budget, implementing the information and reporting regime.
An assessment of the current status of the payment control of capital construction investment from the provincial state budget of the State Treasury of Bac Ninh shows that there are inadequacies in capital disbursement for projects, the status of the annual plan allocation is still scattered, not concentrated, the advance balance is high, the finalization of the completed project is still slow, and the application of information technology has not been synchronized, affecting the report on information synthesis. In addition, objective factors affecting payment control such as: Mechanisms and policies related to payment control are not synchronized and often change, procedures still have to go through many stages. There are also subjective factors from the management, the capacity of the investor, the professional qualifications of the staff directly involved in the payment control work, which also have a significant influence on this work.
In order to strengthen the control of capital construction investment spending from the state budget, the thesis has proposed 6 solutions to improve the control of payment of capital construction investment from the state budget at Bac Ninh State Treasury, including:
- Improve the organization of personnel
- Complete solutions for payment control
- Modernizing technology in payment control
- Completing internal control checks
- Strengthening the field inspection
- Solution group on strengthening coordination with other agencies
Controlling the payment of capital construction investment from the state budget is an area involving many levels and sectors, a very important and sensitive issue. The author hopes that on the basis of systematization of viewpoints, goals and orientations on controlling payment of capital construction investment capital from the state budget, and the current situation in payment control of Bac Ninh State Treasury, the research contents, solutions and recommendations presented in the thesis will contribute to perfecting the control of payment of capital construction investment capital from the provincial state budget through the State Treasury of Bac Ninh province. improving the efficiency of construction investment capital from the state budget - one of the important tasks in state budget management in the locality. At the same time, contributing to accelerating growth and economic restructuring, turning Bac Ninh into a modern industrial province by 2015.
LIST OF REFERENCES
1. Bac Ninh Provincial Party Committee (2010), Document of the 18th Provincial Party Congress.
2. Ministry of Finance (2003), Law on State budget and guiding documents, Finance Publishing House, Hanoi.
3. Ministry of Finance (2007), Circular No. 27/2007/TT-BTC dated April 3, 2007 guiding the payment management of investment capital and non-business capital of investment nature belonging to the state budget.
4. Ministry of Finance (2007) Circular No. 130/2007/TT-BTC dated 2/11/2007 on amending some points of Circular No. 27/2007/TT-BTC dated 03/4/2007.
5. Ministry of Finance (2011), Circular No. 86/2011/TT-BTC dated June 17, 2011 stipulating the management and payment of investment capital and non-business capital of investment nature belonging to the state budget.
6. Ministry of Finance (2010), Decision No. 362/QD-BTC dated 11/02/2010 stipulating the functions, tasks, powers and organizational structure of the State Treasury of provinces and centrally run cities.
7. Ministry of Finance (2011), Circular No. 19/2011/TT-BTC guiding the settlement of investment capital.
8. Government (2010), Decree No. 48/2010/ND-CP dated May 7, 2010 regulating contracts in construction activities.
9. Government (2011), Directive No. 1792/CT-TTg dated October 15, 2011 on strengthening investment management from state budget capital and government bond capital.
10. State Treasury (2005), State Treasury of Vietnam - The process of formation and development, Finance Publishing House, Hanoi.
11. State Treasury (2008), State Treasury Development Strategy to 2020, Finance Publishing House, Hanoi.
12. State Treasury (2009), Decision No. 686/QD-KBNN dated August 18, 2009 Promulgating the process of controlling payment of investment capital and non-business capital of investment nature through the State Treasury system.
13. State Treasury (2010), Decision No. 163/QD-KBNN dated March 17, 2010 stipulating the tasks, powers and organizational structure of the State Treasury of districts, urban districts, towns and cities directly under the province.
14. State Treasury (2010), Decision No. 164/QD-KBNN dated March 17, 2010 stipulating the tasks, powers and organizational structure of the departments under the Provincial State Treasury.
15. State Treasury (2012), Decision No. 282/QD-KBNN dated April 20, 2012 Promulgating the process of controlling the payment of domestic investment and non-business capital through the State Treasury system.
16. Bac Ninh Treasury, Investment capital settlement report for the period 2009-2013.
17. Bac Ninh Treasury, Report on payment of investment capital for the period 2009-2019.
18. Bac Ninh State Treasury (2012), Report No. 71/KBBN-THPC On the performance of assigned tasks over 15 years of establishment.
19. Bac Ninh Treasury, State budget revenue and expenditure report for the years 2009-2013.
20. National Assembly Law on State Budget 2002, National Program Publishing House, Hanoi.
21. National Assembly Law on Bidding 2005, National Program Publishing House, Hanoi.
22. Department of Finance of Bac Ninh province (2009-2013), Budget settlement report.
23. Khuong Van Thanh (2013) “Evaluating the control of capital construction investment spending from the state budget in Bac Ninh State Treasury” Hanoi University of Agriculture.
24. Bac Ninh Province People's Committee (2010), Bac Ninh province socio-economic development master plan to 2020.
25. People's Committee of Bac Ninh province (2013), Decision No. 137/2013/QD-UBND dated April 25, 2013 stipulating assignment and decentralization of management of construction investment projects in Bac Ninh province.