The Ministry of Finance has issued Circular 85/2017/TT-BTC stipulating the settlement of the use of state budget investment capital according to the annual budget year.
The Circular stipulates the annual settlement of the use of state budget investment capital, including: Making, sending, approving the final settlement, appraising, notifying the results of settlement appraisal and adjusting the settlement.
This Circular sets aside one article to stipulate the time limit for closing the book for making the annual final settlement report, specifically as follows:
At the end of the budget year, agencies, organizations and units related to the implementation of the plan for state budget investment capital in the year shall close their accounting books and make settlement reports as prescribed.
– The period for adjusting the state budget settlement ends on January 31 of the following year.
– Advances that are eligible for expenditure, volume and work done from December 31 or earlier are assigned in the budget estimate, the time limit for budget expenditure and payment is made until the end of December 31. 01 year later and is recorded and settled into the budget of the previous year.
Circular 85/2017/TT-BTC takes effect from October 1, 2017 and replaces Circular 210/2010/TT-BTC dated December 20, 2010.
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