Detected 30,000 expenditures that did not comply with procedures and regulations

According to the report of the Ministry of Finance, it is estimated that by October 31, 2014, the State Treasury (KBNN) has controlled 533,012 billion VND of regular expenditures in the 2014 budget, reaching 75.67% of the budget. Through controlling state budget expenditures, the KBNN has discovered about 30,000 expenditures that have not complied with the prescribed procedures and regulations; and refused to pay 31.5 billion VND.

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Through the control of investment capital payment, the State Treasury system refused to pay about 59 billion VND because the payment request was not in accordance with regulations, had arithmetic errors or the investment decision approval date was after October 31, 2013.

According to the State Treasury's report, the capital expenditure for basic construction investment and government bonds under the 2014 plan disbursed through the State Treasury is estimated at VND 207,540.7 billion as of October 31, 2014. Of which, the capital expenditure for basic construction investment disbursed is estimated at VND 119,169.9 billion, reaching 74.8% of the plan; the capital expenditure for government bonds is estimated at VND 65,202.6 billion, reaching 68% of the capital plan for 2014 assigned by the State; other capital is VND 23,168.2 billion, reaching 64.1% of the capital plan for 2014.

Also according to the report of the Ministry of Finance, as of October 20, 2014, the State Treasury has mobilized 219,443.3 billion VND in government bonds, reaching 94.6% of the task of mobilizing domestic capital to offset the state budget deficit and for development investment in 2014.

The market situation continues to develop favorably for capital mobilization, with winning interest rates decreasing for 5-year and 10-year terms (with a slight increase for 15-year terms) because currently, the liquidity of the commercial banking system is still abundant and long-term bonds (5 years or more) are receiving widespread attention from investors, especially commercial banks and investment funds./.

According to DCSVN