Safe and transparent management of the State budget

In implementing the Treasury Sector's Development Strategy until 2030, the Provincial State Treasury focuses on managing treasury funds safely, transparently, and proactively according to market principles; closely linking treasury fund management with budget management and debt management, ensuring liquidity at all times, and preventing situations where the State budget has to incur debt or postpone expenditures.

The Lam Thao District Treasury actively deployed the online public service application software; 100% of eligible budget-using units have participated, and 100% of transaction documents are processed through the online public service.

Promoting digital transformation

With the goal of focusing resources to successfully implement the State Treasury Development Strategy until 2030, the provincial State Treasury has recently focused on many solutions, promoting digital transformation in operational activities; investing in synchronized information technology infrastructure, equipping with machinery and IT equipment, establishing a high-speed network system, and applying modern software to management. Through this, a wide-area network has been built, meeting the requirements of the sector's smooth operation 24/7.

The provincial State Treasury maintains the safe and efficient operation of its electronic bilateral payment systems, centralized inter-treasury electronic payment systems, and interbank electronic payment systems. The application software is updated and upgraded promptly, providing strong support for the accounting and payment work of the provincial treasury system.

The Provincial Treasury has proactively coordinated closely with revenue collection agencies in the area to effectively implement solutions as directed by the Ministry of Finance and the Provincial People's Committee in the collection of state budget revenue according to the Law. Currently, the sector has coordinated state budget revenue collection with 9 commercial banking systems in the area, using 41 dedicated collection accounts.

Along with promoting digital transformation in operational activities and closely following the administrative reform program and plan of the Ministry of Finance, the Provincial People's Committee, and the State Treasury, the Provincial State Treasury actively deploys online public services on a large scale.

Accordingly, the Provincial Treasury quickly completed the integration of 100% of administrative procedures under its responsibility onto the National Public Service Portal, and 100% of units transacting with the Provincial Treasury system have participated in online public services.

Through the online service, leaders and managers of the State Treasury at all levels can check the status of document processing on the system and receive statistical reports via the online service, thereby increasing the sense of responsibility of control officers in the performance of their duties. The provincial State Treasury has maintained the transaction rate of documents and records through the online service at an average monthly rate of 99.9%, strictly adhering to regulations on the time limit for processing documents and administrative procedures.

The online payment system (DVCTT) has proven to be highly effective, enabling state budget-using units to quickly and accurately transfer/send payment documents and receive results of state budget expenditure control through the network system, with simple, quick, and convenient operation procedures. This is considered a "lever" that helps make the expenditure control work of the State Treasury system safe and efficient; aiming to increase satisfaction, reduce time, save travel costs for units and investors, and especially limit the forgery of signatures and seals thanks to the use of digital signatures and secure payment information...

In particular, in the work of controlling capital construction investment expenditures, we will promote the simplification of procedures to shorten the time for expenditure control, always creating favorable conditions for investors in disbursing capital construction investment funds, and making immediate payments for investment projects when the volume of work is completed in accordance with current laws.

It is evident that the application of digital transformation in practice has helped the Provincial Treasury improve the quality and efficiency of its operations. The sector has been, is, and will continue to improve the quality of service with the spirit of "Putting customers at the center, using the satisfaction of organizations and individuals as a measure of administrative reform". In the first assessment of satisfaction of individuals and organizations with the services of the Provincial Treasury in 2024, the Provincial Treasury ranked 11th in the entire Treasury system...

The Treasury sector is strengthening the application of information technology and digital transformation in its operations, providing maximum support to organizations and individuals when conducting transactions.

Manage the treasury safely and effectively.

Through innovative and creative approaches, the Treasury sector has affirmed its important role in concentrating, distributing, and effectively utilizing state funds, contributing to promoting local economic growth.

In the first six months of the year, the sector effectively focused on collecting state budget revenue; closely coordinated with revenue collection agencies in the area to quickly and fully account for budget revenues; promptly allocated funds to all levels of the budget in accordance with regulations; and regularly and continuously provided information and data on budget revenue to competent authorities to effectively serve the management of budget revenue collection.

In the management of state budget expenditures, the relevant sector manages regular state budget expenditures in accordance with the provisions of the State Budget Law. The control and payment of regular state budget expenditures ensure that they remain within the approved budget, comply with regulations, standards, norms, and expenditure content and tasks, and promptly meet the expenditure needs of budget-using units.

In addition, capital investment expenditures were carried out promptly and in accordance with regulations on controlling investment capital expenditures and controlling investment capital payments through the treasury. Thanks to the decisive implementation of these solutions, the Provincial Treasury has safely and effectively controlled budget expenditures.

In the first six months of the year, the sector disbursed 9,277 billion VND in recurrent state budget expenditures, equivalent to 47% of the projected budget and 118% compared to the same period last year. The provincial Treasury actively coordinated the management and disbursement of public investment capital. By the end of June, the province had disbursed 2,047 billion VND in capital for basic construction investment, equivalent to 40% of the plan, including 1,927 billion VND (41% of the plan) of planned capital disbursement and 120 billion VND (27% of the plan) of long-term planned capital disbursement.

The Treasury Department manages and recovers investment capital advances in accordance with established principles; accounting and payment procedures are strictly followed; all revenue and expenditure of the state budget are accounted for fully and promptly; and the closing of accounts, reconciliation of data, and transfer of budget funds at the end of the year are always complete and accurate.

Strictly implement regulations on risk control and prevention in operational activities; effectively implement inter-agency coordination regulations on ensuring the security and safety of money and assets within the State Treasury system in the province.

Mr. Tran Manh Hung, Director of the Provincial Treasury, affirmed: The accelerated digital transformation in recent years has helped the Treasury sector improve the quality and efficiency of its operations, meeting the requirements of its tasks amidst numerous difficulties and challenges. In the coming period, to successfully complete the assigned political tasks for 2024 and subsequent years, the Treasury sector will continue to uphold the spirit of solidarity, innovation, and creativity; promote the role of leaders; build a team of highly skilled and ethically sound officials; accelerate digital transformation and modernize operational processes and internal management; increase convenience and support for organizations and individuals transacting with the Treasury; and manage state budget revenue and expenditure safely, transparently, and efficiently.

Phuong Thao

Source: https://baophutho.vn/dieu-hanh-ngan-quy-nha-nuoc-an-toan-minh-bach-216195.htm