How to use road maintenance fund?

The Ministry of Finance is drafting a Circular guiding the management, use, payment and settlement of road management and maintenance costs.

The draft clearly states that the Road Maintenance Fund is a State Fund, has legal status, a seal and an account opened at the State Treasury. The Fund established at the central level is called the Central Road Maintenance Fund (Central Fund) and the Fund established at the provincial level is called the Local Road Maintenance Fund (Local Fund).

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The Central Fund's funding sources include: Central budget allocated from road use fee revenue paid to the central budget (65% of the estimated revenue); additional central budget allocated to the Central Fund; revenue sources related to road use and other sources as prescribed by law.

Funding sources of the Local Fund include: Central budget providing additional targeted funding for local budgets from road use fee revenue paid to the state budget (35% of revenue estimates); local budget providing additional funding for the Local Fund; revenue sources related to road use and other sources as prescribed by law.

The Road Maintenance Fund is subject to inspection, examination and audit by State agencies as prescribed; the annual planning, allocation, assignment of plans and management, payment and settlement of revenue and expenditure of the Fund are carried out in accordance with current regulations.

The Road Maintenance Fund must publicly disclose the management and use of the Fund and report on the implementation of financial disclosure according to regulations.

The draft also proposes the content of road management and maintenance expenses, including: Regular maintenance expenses for road works; periodic repair expenses for road works; emergency repair expenses (overcoming the consequences of natural disasters, floods and storms, handling black spots, potential traffic accident spots or other unusual causes to ensure traffic and road traffic safety); expenses for the operation of fixed and mobile vehicle load inspection stations, including: Regular operating expenses, irregular expenses (purchasing, repairing, inspecting equipment; repairing, upgrading station houses); expenses for purchasing and repairing vehicles and equipment directly serving the state management of road maintenance activities, etc.

According to Khanh Linh/chinhphu.vn