Starting today, establishments that draw funds from the State budget will have to publicise their budget estimates and balance every quarter under a new Circular of the Ministry of Finance.
Hanoi (VNS/VNA) - Starting today, establishments that draw funds from theState budget will have to publicise their budget estimates and balance everyquarter under a new Circular of the Ministry of Finance.
Establishmentscan publicise the information at meetings, post the information at theirheadquarters or issue publications on their budget estimates and balance.
Budget-relatedinformation can also be publicized through the media or on company websites.
Relevantministries, agencies and People’s Committees at all levels are responsible toexamine the publication of State budget estimates and balance of establishmentswithin their jurisdiction.
Violatorswill be punished in line with current regulations.
Thepublication of information must be done no later than 15 days after the end ofthe quarter and the six-month period.
Inanother regulation that will kick off on August 15, the Electricity of Vietnamwill be allowed to adjust the average electricity retail price every six monthunder a decision issued by Prime Minister Nguyen Xuan Phuc. The pricechange must be done transparently, publicly and within the price frameworkregulated by the Prime Minister.
Ifthe electricity price is increased 10 percent higher than the current rate oraffects the macro-economy, the Ministry of Industry and Trade will co-ordinatewith the Ministry of Finance to inspect and review the price adjustment tosubmit to the PM for consideration.
Alsofrom August 15, monthly pensions, social insurance allowances and social allowanceswill increase by 7.44 percent for eight groups, including public officials,workers, soldiers, police and those receiving pensions for occupationalaccidents and diseases.-VNA
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Illustrative photo (Source: thanhnien.vn) 
