State Treasury asked to effectively manage budget revenue

Friday, 2017-03-03 11:31:42
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NA Chairwoman Ngan speaks at the working visit to the State Treasury
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NDO—National Assembly Chairwoman Nguyen Thi Kim Ngan told the State Treasury to effectively manage the budget revenue, which will contribute to socio-economic development and stable national defence and security.

The NA Chairwoman made the remarks at a working visit to the State Treasury on March 3.

She said that the State Treasury system is entrusted with the task of managing a huge amount of money and assets, requiring effective management and use as they are the contributions of the sweat and efforts of the people.

General Director of the State Treasury Nguyen Hong Ha said that the Treasury supervised the spending of over VND5.5 quadrillion (US$242 billion) in the 2011-2016 period, detected over 280,000 items of expenditure not abiding by regulations and refused to disburse over VND920 billion (US$40.48 million).

The State Treasury also issues nearly VND190 trillion (US$8.36 billion) worth of government bonds each year to help compensate for the budget deficit and ensure investment for development.

NA Chairwoman Ngan asked the State Treasury system to promote the reforms of its operations and human resource development to fulfil its task in the midst of many challenges, including high public debts and non-performing loans in addition to higher spending on social welfare and development.

She noted that the NA supported the co-ordination between the Finance Ministry and the State Treasury to form the electronic treasury by 2020.