Circular No. 26/2026/TT-BTC on elaboration and guidance on enforcement of some articles of the Government’s Decree No. 73/2026/ND-CP on elaboration and guidelines for enforcement of Law on State Budget

 

CIRCULAR

ELABORATION AND GUIDANCE ON ENFORCEMENT OF SOME ARTICLES OF THE GOVERNMENT’S DECREE NO. 73/2026/ND-CP DATED MARCH 10, 2026 ON ELABORATION AND GUIDELINES FOR ENFORCEMENT OF LAW ON STATE BUDGET

Pursuant to the Law on State Budget No. 89/2025/QH15 dated June 25, 2025;

Pursuant to the Government’s Decree No. 73/2026/ND-CP dated March 10, 2026 on elaboration and guidelines for enforcement of Law on State Budget;

Pursuant to the Government’s Decree No. 29/2025/ND-CP dated February 24, 2025 on functions, duties, powers and organizational structure of the Ministry of Finance (amended by the Government’s Decree No. 166/2025/ND-CP dated June 30, 2025);

At the request of the Director of State Budget Department;

The Minister of Finance promulgates Circular on elaboration and guidance on enforcement of some articles of the Government’s Decree No. 73/2026/ND-CP dated March 10, 2026 on elaboration and guidelines for enforcement of Law on State Budget.

Chapter I

GENERAL PROVISIONS

Article 1. Scope

This Circular elaborates and provides guidelines for enforcement of clause 2 Article 2, clause 1 and clause 4 Article 4, Article 18; clause 4 Article 19; clause 4 and clause 11 Article 21; clause 2 Article 29; clause 3 Article 31; clause 2 Article 34; and clause 2 of Article 38 of the Government’s Decree No. 73/2026/ND-CP dated March 10, 2026 on elaboration and guidance on enforcement of some articles of the Law on State Budget (hereinafter referred to as the Government’s Decree No. 73/2026/ND-CP).

2. With regard to elaboration and guidance on organization of collection, collection authorized, refund of revenues and aid receipts to state budget; applications and procedures for making payment for state budget expenditures from foreign aid or loans granted or national reserve expenditures, and development investment expenditures from public investment capital; opening and use of accounts at State Treasuries; accounting and input of estimates to the Treasury and Budget Management Information System; and accounting of revenues and expenditures and organization of accounting of state budget, the Ministry of Finance shall issue guiding documents or cooperate with relevant agencies to issue separate guiding documents.

Article 2. Regulated entities

1. State authorities, political organizations and Vietnam Fatherland Front.

2. Public service providers.

3. Other organizations and individuals related to state budget.

Chapter II

DECENTRALIZATION OF POWERS OVER REVENUE SOURCES AND EXPENDITURE TASKS AMONG CENTRAL GOVERNMENT BUDGET AND LOCAL GOVERNMENT BUDGETS; DETERMINATION OF TRANSFERS FROM HIGHER LEVEL BUDGETS TO LOWER LEVEL BUDGETS

Article 3. Central government budget revenues

1. Revenues fully retained by the central government budget (including late payment interest as prescribed in the Law on Tax Administration) include:

a) Export and import duties, additional import duties;

b) Excise tax on imported goods, including excise tax on imported goods continuously sold in domestic market by the import business entity;

c) Severance tax, corporate income tax, VAT, profits from petroleum fields (after deducting expenditures prescribed by the Law on Petroleum or revenues retained as prescribed by competent authorities); profits distributed to the home country, water surface rents, taxes, charges and other revenues from petroleum exploration and extraction;

d) Grant aid provided by the Government of other countries, international organizations, other overseas organizations and individuals for Vietnam’s Government and State;

dd) Collected charges for services provided by central state authorities. Collected charges for services provided by public service providers and organizations under the management of central authorities assigned by competent authorities to provide public services, which are remitted to state budget in accordance with regulations;

e) Fees collected by central state authorities, except for registration fees prescribed in point c clause 1 Article 5 of this Circular;

g) Collected fines for administrative violations, other fines imposed by central state authorities in accordance with law;

h) Revenues payable to state budget from operation and disposal of public property managed and disposed by central authorities, organizations and units in accordance with regulations of law on management and use of public property;

i) Proceeds from the recovery of central government budget capital invested in economic organizations; cash dividends and profits of joint-stock companies, multi-member limited liability companies that have state capital and ownership of which is represented by a Ministry, ministerial agency, Governmental agency, or an organization assigned by the Government; retained post-tax profits of wholly state-owned enterprises represented by a Ministry, ministerial agency, Governmental agency or another central authority in accordance with the law on management and investment of state capital in enterprises; positive difference between revenue and expenditure of the State Bank of Vietnam after deducting risk provisions and making contributions to funds as per law;

k) Revenues from central financial reserve fund;

l) Central government budget remainder revenues;

m) Revenues carried over from last year’s budget of central government budget;

n) Additional corporate income tax according to global anti-base erosion rules;

o) Revenues from overseas good and service providers;

p) Revenues from fees for processing of application for rights to use radio frequencies;

q) Financial assistance and voluntary contributions from agencies, organizations, and individuals to central-managed agencies;

r) Other revenues as prescribed by law.

2. Revenues shared by a percentage (%) between central government budget and local government budgets (including late payment interest as prescribed in the Law on Tax Administration) include:

a) Corporate income tax, (including corporate income tax of sub-contractors arising from services for exploration and extraction of oil and gas and income tax on transfer of capital for petroleum operations), excluding corporate income tax prescribed in point c and point n of clause 1 of this Article;

b) Personal income tax;

c) Excise tax, except for refund of special excise tax (if any) and excise tax specified in point b clause 1 of this Article;

d) Environment protection tax;

dd) Revenues from charges for granting mining right and fees for granting water resource extraction right by central competent agencies. Revenue shall be distributed as follows: 70% to central government budget, 30% to local government budget;

e) Value-added tax (excluding refunded value-added tax according to the Law on Value-Added Tax and value-added tax specified in point c clause 1 of this Article). Tax shall be distributed as follows: 70% to central government budget, 30% to local government budget. Collected VAT shall be distributed among administrative divisions according to applicable rules and criteria decided by the Standing Committee of the National Assembly in each period.

g) Levies on land, land rents, except for collected levies on land associated with property attached to land under the management of central authorities, organizations and units as prescribed in point h clause 1 of this Article. Regarding a local government that does not receive budget-balancing transfers, such amounts shall be distributed as follows: 20% to central government budget, 80% to local government budget. Regarding a local government that receives budget-balancing transfers, such amounts shall be distributed as follows: 15% to central government budget, 85% to local government budget; Regarding Hanoi city, 100% of these amounts shall be distributed to its budget according to specific financial-budgetary mechanisms and policies prescribed in the Law on the Capital.

Proceeds from operation of the land bank in the TOD zone shall be distributed in accordance with clause 3 Article 25 of the Railway Law in 2025 and specific financial-budgetary mechanisms and policies in the National Assembly’s Resolution.

Article 4. Expenditure tasks of central government budget

1. Development investment expenditure:

a) Investment in programs, projects and tasks, and other objects of public investment of Ministries, ministerial agencies, Governmental agencies, other central authorities, and state-owned enterprises as prescribed in the Law on Public Investment;

b) Investment in, and provision of financial assistance for, enterprises providing necessary and public products and services for society, enterprises in the fields that directly serve national defense and security, assigned or commissioned by the State; economic organizations; financial institutions under management of central authorities; investment of state capital in enterprises under management of central authorities in accordance with law;

c) Other development investment expenditures prescribed by law.

2. National reserve expenditure.

3. Powers over recurrent expenditures of Ministries, ministerial agencies, Governmental agencies, and other central agencies are decentralized in the following fields:

a) National defense in accordance with the Government’s regulations and guiding documents;

b) Security and social order and safety in accordance with the Government’s regulations and guiding documents;

c) Education, training and vocational training, including training at universities, colleges, intermediate schools, and vocational education; activities at boarding ethnic schools and other forms of education, training, and refresher training;

d) Science, technology, innovation and digital transformation in accordance with regulations of the law on science, technology, innovation and digital transformation;

dd) Health, population, and family, including preventive medicine, medical examination and treatment; full and partial payment of health insurance premiums for eligible beneficiaries in accordance with the Law on Health Insurance; food safety and hygiene; population and family; and other health activities;

e) Culture and information, including cultural heritage; performing arts; cinema, fine arts, photography, and exhibitions; copyrights and related rights; libraries; press and publishing; and other culture and information activities;”

g) Radio, television, press;

h) Physical training and sports, including provision of training and refresher training for coaches and athletes of national teams; national and international competitions; activities at training and refresher training establishments for athletes, coaches, and physical training and sports officials; and other physical training and sports activities;”

i) Environmental protection, including investigation, prevention, and control of environmental pollution; environmental remediation and protection; biodiversity conservation and response to climate change; protection of clean water and environmental sanitation; and other environmental protection activities;

k) Economic activities, including:

Transport, including management, maintenance, repair, and assurance of operation and safety for road, railway, inland waterway, maritime, and aviation transport, and other transport activities;

Agriculture, forestry, salt production, fishery, irrigation, and rural development, including the development of agriculture, forestry, salt production, fishery, and irrigation; new rural development; and other rural development activities;

Natural resources, including investigation and management of land, resources, geology and minerals, and hydrometeorology; topography and cartography; measurement of administrative boundaries, planting of border markers, and other resource management activities;

Planning; investment, trade, and tourism promotion;

Other economic activities, including search and rescue, and occupational health and safety;

l) Activities of state management authorities, political organizations, Central Committee of Vietnam Fatherland Front and socio-political organizations affiliated to Central Committee of Vietnam Fatherland Front; provision of assistance for social organizations in performance of tasks assigned by the State, including:

Activities of the National Assembly, the Office of the President, Ministries, ministerial-level agencies, Governmental agencies, and other central authorities; system of People’s Courts, People’s Procuracies, and the State Audit Office; activities of central authorities affiliated to the Communist Party of Vietnam; activities of the Central Committee of Vietnam Fatherland Front and socio-political organizations affiliated to the Central Committee of Vietnam Fatherland Front;

Provision of assistance for social organizations in performance of tasks assigned by the State in accordance with the law, including: benefits and policies and operation funding in association with the payrolls assigned by competent authorities; and performance of tasks assigned by competent state authorities;

m) Expenditures on social security, including policies for retirees, incapacitated person, and persons eligible for social insurance allowances and other benefits covered by the central government budget; policies for the care of people with meritorious services to the revolution; social relief policies and activities; provision of assistance for social insurance fund in accordance with the law on social insurance, and provision of assistance for the unemployment insurance fund in accordance with the law on unemployment insurance; expenditures on prevention and control of social evils, and other social welfare covered by the central government budget in accordance with the law;

n) Other recurrent expenditures prescribed by law.

4. Expenditure on payment of interests on, fees and expenses arising from the loans taken by the Government according to the Law on State Budget.

5. Expenditure on aid provision as prescribed by the Government.

6. Expenditure on granting loans as prescribed by the Government.

7. Transfers to the central financial reserve fund.

8. Expenditures of central government budget carried over to the next year.

9. Budget-balancing transfers and targeted transfers to local government budgets.

Article 5. Sources of revenue of local government budgets

1. Revenues fully retained in local government budgets (including late payment interest as prescribed in the Law on Tax Administration) include:

a) Severance tax, except for that specified in point c clause 1 Article 3 of this Circular;

b) Levies on agricultural land;

c) Levies on non-agricultural land;

d) Rent for lease of water surface, fees for use of sea areas, except for water surface rents specified in point c clause 1 Article 3 of this Circular;

dd) Proceeds from the lease and sale of state-owned houses;

e) Registration fee;

g) Revenues from construction lottery;

h) Proceeds from the recovery of local government budget capital invested in economic organizations; cash dividends and profits of joint-stock companies, multi-member limited liability companies that have state capital and ownership of which is represented by a provincial People’s Committee; retained post-tax profits of wholly state-owned enterprises represented by a provincial People’s Committee according to the law on management and investment of state capital in enterprises;

i) Revenues from local financial reserve funds;

k) Revenues payable to state budget from operation and disposal of public property managed and disposed by local agencies, organizations and units in accordance with regulations of law on management and use of public property;

l) Grant aid directly provided by international organizations, other organizations, overseas individuals for local governments;

m) All revenues from fees for services provided by local state authorities. Fees for services provided by public service providers and organizations managed by local governments and assigned by competent authorities to provide public services shall be transferred to the state budget as per law;

n) Fees collected by local state authorities;

o) Revenues from charges for granting mining right and fees for granting water resource extraction right by local competent agencies;

p) Collected fines for administrative violations, other fines imposed by local state authorities in accordance with law;

q) Revenues from public land funds and other yields of public property;

r) Financial assistance and voluntary contributions in cash from agencies, organizations and individuals as prescribed by law to agencies managed by local governments;

s) Local government budget remainder revenues;

t) Revenues carried over from last year’s budget of local government budget;

u) Other revenues prescribed by law (including payments for protection and development of paddy land; compensations paid to the State for damages caused during land management and use; and commune-level budget revenues).

2. Revenues shared by a percentage (%) between central government budget and local government budgets as specified in clause 2 Article 3 of this Circular.

3. Budget-balancing transfers and targeted transfers from the central government budget.

Article 6. Expenditure tasks of local government budgets

1. Development investment expenditure:

a) Investment in programs, projects and tasks, and other objects of public investment under the management of local governments in accordance with regulations of the Law on Public Investment; investment in projects on investment in construction of local infrastructure facilities which are to be funded by higher level budgets; provision of assistance for other local governments in investment in construction of key projects and works or those improving regional, national or international connectivity and having positive effects on the socio-economic development, and other important tasks within the budget balancing capacity, and without adversely influencing the performance of tasks to be covered by such local government budgets;

b) Investment in, and provision of financial assistance for, enterprises providing necessary and public products and services for society as commissioned by the State; local economic organizations; financial institutions; investment of state capital in local enterprises in accordance with law;

c) Offsetting interest rate differences, management fees and grant of entrusted loans via policy banks for implementation of socio-economic policies in localities;

d) Other development investment expenditures prescribed by law.

2. Powers over recurrent expenditures of local agencies and units are decentralized in the fields of:

a) Education, training and vocational training, including education activities at junior kindergartens, senior kindergartens, primary schools, lower secondary schools, upper secondary schools and other education activities; vocational education, training at intermediate schools, college, universities and other training and refresher training forms;

b) Science, technology, innovation and digital transformation in accordance with regulations of the law on science, technology, innovation and digital transformation;

c) National defense, security, and social order and safety tasks managed by local governments, and provision of assistance in performance of certain central government budget expenditure tasks as prescribed by the Government and guiding documents;

d) Health, population, and family, including preventive medicine, medical examination and treatment; full and partial payment of health insurance premiums for eligible beneficiaries in accordance with the Law on Health Insurance; food safety and hygiene; population and family; and other health activities;

dd) Culture and information, including conservation, museums, libraries, restoration of historical relics, historical document-archiving units, literary and artistic creative activities, exhibitions, and other cultural and information activities;

e) Radio and television;

g) Physical training and sports, including provision of training and refresher training for coaches and athletes of provincial teams; provincial and commune-level competitions; management of sports competition facilities and other physical training and sports activities;

h) Environmental protection, including investigation, prevention, and control of environmental pollution; environmental remediation and protection; response to climate change; protection of clean water and environmental sanitation; collection, transport, and treatment of domestic waste and wastewater and other environmental protection activities;

i) Economic activities, including:

Transport, including management, maintenance, repair, and assurance of operation and safety for road, inland waterway and other transport activities;

Agriculture, forestry, salt production, fishery, irrigation, and rural development, including the development of agriculture, forestry, salt production, fishery, and irrigation; new rural development; and other rural development activities;

Natural resources, including investigation and management of land, resources; topography and cartography; measurement of administrative boundaries, compilation and storage of cadastral records, and other resource management activities;

Planning; investment, trade, and tourism promotion;

Urban infrastructure development, including maintenance and repair of street lighting systems, pavements, water supply and drainage systems, parks, and other urban infrastructure development activities;

Other economic activities, including search and rescue, and occupational health and safety;

k) Activities of state management authorities, political organizations, Vietnam Fatherland Front Committees in localities and socio-political organizations affiliated to Vietnam Fatherland Front Committees in localities.

Provision of assistance for social organizations in performance of tasks assigned by the State in accordance with the law, including: benefits and policies and operation funding in association with the payrolls assigned by competent authorities; and performance of tasks assigned by competent state authorities;

l) Expenditures on social security, including social protection facilities, famine relief, prevention of social evils, funding for supporting the payment of social insurance contributions for participants in voluntary social insurance, and other social welfare policies; and implementation of social welfare policies for beneficiaries guaranteed by local governments as prescribed by law;

m) Other recurrent expenditures prescribed by law, including payments to higher level budgets

3. Expenditure on payment of interests on, fees and expenses arising from the loans taken by local governments according to the Law on State Budget.

4. Transfers to local financial reserve funds.

5. Expenditure on aid provision as prescribed by the Government.

6. Expenditure on granting loans as prescribed by the Government.

7. Expenditures of local government budget carried over to the next year.

8. Budget-balancing transfers and targeted transfers to commune-level budgets.

9. Expenditures on support for performance of some tasks specified in points a, b and c clause 5 Article 9 of the Law on State Budget.

Article 7. Principles of decentralizing powers over revenue sources and expenditure tasks among local government budgets of all levels

1. Decentralization of powers over revenue sources and expenditure tasks between provincial budgets and commune-level budgets shall comply with regulations in Article 9 and Article 41 of the Law on State Budget.

2. Power of the commune-level budget over revenue sources is decentralized to take the initiative in their decentralized expenditure tasks; enhancement of management of tax collection and prevention of revenue loss is encouraged. Expenditure tasks shall be covered by state budget of the local governments responsible for the performance of such tasks.

3. The percentage (%) of revenues shared between provincial budgets and commune-level budgets shall be equal to the percentage (%) of each revenue shared and retained in the local government budget (including revenues fully retained in local government budget and revenues shared between central government budget and local government budget).

Article 8. Determination of percentage (%) of revenues shared among local government budgets of all levels

1. Determination of percentage (%) of revenues shared between central government budget and local government budgets:

a) Regarding the revenues specified in points dd, e, and g, clause 2, Article 3 of this Circular, the percentage (%) of revenues shared shall comply with regulations in points dd, e, and g, clause 2, Article 36 of the Law on State Budget and decisions issued by the National Assembly Standing Committee;

b) Regarding the revenues specified in points a, b, c, and d, clause 2, Article 3 of this Circular, the Ministry of Finance shall make a plan for determination of the percentage (%) of each revenue shared between the central government budget and each local government budget, ensuring the leading role of the central government budget and long-term stability of the local government budget, and the plan must be submitted to the Government that will send it to the National Assembly for consideration and decision in accordance with clause 3, Article 36 of the Law on State Budget.

c) In case there are major fluctuations in state budget revenues and expenditures or large differences in state budget revenues and expenditures among administrative divisions and it is necessary to adjust the percentage (%) of revenues shared, the Government shall re-make the plan for determination of the percentage (%) of revenues shared between the central government budget and the local government budget, to be submitted to the National Assembly for consideration and decision in accordance with clause 3, Article 36 of the Law on State Budget.

2. Determination of percentage (%) of revenues shared between provincial budgets and commune-level budgets:

a) Revenues shared between provincial budgets and commune-level budgets include collected tax, fees and charges and other revenues fully retained in local government budgets as specified in clause 1 Article 5 of this Circular and revenues partially retained in local government budgets and shared between the central government budget and local government budgets in accordance with clause 2 Article 3 of this Circular;

b) The provincial People’s Committee shall request the provincial People’s Council to decide to decentralize power over revenue sources and the percentage (%) of revenues shared between the provincial budget and the budget of each commune. The decision on the percentage (%) of revenues shared between the provincial budget and the budget of each commune may be applicable to each revenue, ensuring the leading role of the provincial budget and long-term stability of the commune-level budget;

c) In case the central authority decides to adjust the percentage (%) of revenues shared between the central government budget and the local government budget, or there are significant fluctuations in local government budget revenues and expenditures, or large differences in revenues and expenditures between the provincial budget and the commune-level budget or among commune-level budgets and an appropriate adjustment to the percentage (%) of revenues shared is required, the provincial People’s Committee shall request the provincial People’s Council to adjust the percentage (%) of revenues shared between the provincial budget and the commune-level budget.

Article 9. Determination of transfers from higher level budgets to lower level budgets

1. Determination of budget balancing transfers from higher level budgets to lower level budgets shall comply with regulations in Article 42 of the Law on State Budget:

a) Budget balancing transfers from the central government budget to each local government budget shall be determined based on differences in local government budget expenditures and revenues, including revenues fully retained in the local government budget (excluding collected fees and charges not included in the List as prescribed in the Law on Fees and Charges in accordance with point e clause 9 Article 31 of the Law on State Budget; revenues from construction lottery) and revenues partially retained in local government budgets and shared by a percentage (%) between the central government budget and the local government budget (excluding land use levy);

b) Budget balancing transfers from the provincial budget to the commune-level budget shall be determined based on differences in commune-level budget expenditures and revenues (excluding revenues not used for determination of budget balancing transfers to the commune-level budget as decided by the provincial People’s Council).

2. Determination of targeted transfers from higher level budgets to lower level budgets shall comply with regulations in Article 43 of the Law on State Budget.

Targeted transfer of funds and capital shall meet the set targets as prescribed. If these funds and capital transferred to lower level budgets are not used for the set targets or are underused, they must be returned to higher level budgets within 30 days from the date on which the budget-using unit or the competent authority confirms that such funds and capital are not used for the set targets or are underused.

Bonus for revenues in excess of those in the estimate, derived from higher level budgets and targeted transfers from the central government budget to local government budgets, derived from increase in central government budget revenues according to specific financial-budgetary mechanisms shall be used in accordance with point c, clause 3, Article 61 of the Law on State Budget, the Law on the Capital, the National Assembly’s Resolutions on specific financial-budgetary mechanisms and policies, and point c, clause 5, Article 26 of the Government’s Decree No. 73/2026/ND-CP.

Chapter III

MAKING OF ANNUAL STATE BUDGET ESTIMATES

Article 10. Forms of state budget estimates made at budget revenue-collecting authorities

1. Making of state budget revenue estimates at budget revenue-collecting authorities shall comply with regulations of the Law on State Budget and Article 12 of the Government’s Decree No. 73/2026/ND-CP.

2. The provincial tax authority shall make revenue estimates using Forms No. 01 through No. 03; the regional customs authority shall make revenue estimates using Form No. 04 in Appendix I issued together this Circular.

3. Agencies and units assigned to collect fees, charges, and other revenues shall make revenue estimates for each type of fees, charges, and revenues, total revenue estimate, estimates of payments to state budget, and estimates of fees retained for expenditure tasks as prescribed by law, and submit them to their directly superior budget-estimate units that will consolidate and send estimates to level-I budget estimate units (in case directly superior budget estimate units are not level-I budget-estimate units); level-I budget estimate units shall include such estimates in their budget revenue and expenditure estimates and submit them to tax authorities and finance agencies of the same level according to Form No. 06 in Appendix I issued together this Circular.

Article 11. Forms of state budget estimates made at budget estimate units and ministries in charge of national target programs

1. Making of state budget estimates at budget estimate units shall comply with regulations of the Law on State Budget and Article 13 of the Government’s Decree No. 73/2026/ND-CP.

2. State authorities and units assigned to manage infrastructure property, units delegated to manage and operate infrastructure property, units assigned to perform tasks, budget using units, or budget estimate units shall make budget revenue and expenditure estimates, using Forms No. 05 through No. 26 in Appendix I issued together this Circular.

3. Ministries, central and local authorities and units assigned to manage state off-budget financial funds shall make financial revenue and expenditure plans of the funds for the next year under their management in accordance with the Law on State Budget, relevant laws, and the Form No. 17 in Appendix I issued together this Circular, and submit them to finance agencies of the same level enclosed with their state budget estimate reports (which must include detailed explanations of the opening balance; revenues generated during the year from state budget funds, financial assistance, voluntary contributions in cash, etc.; expenditures on specific tasks; and changes in charter capital and operational funding for the funds).

Financial revenue and expenditure plans of social insurance funds, health insurance funds, and unemployment Insurance funds shall be made in accordance with the laws on social insurance, health insurance, and unemployment insurance, and reports shall be submitted to the Ministry of Finance using Forms No. 18 through No. 21 in Appendix I issued together this Circular; and at the same time, electronic report data (excluding contents classified as state secrets) must be uploaded to the National Financial Database (data must be digitally signed in accordance with the 2023 Law on Electronic Transactions and relevant legal documents).

4. Central level-I budget estimate units shall send budget estimate reports to the Ministry of Finance, the State Audit Office, and the Ministry of Science and Technology and Ministries in charge of national target programs before July 10, every year in accordance with clause 3 Article 15 of the Government’s Decree No. 73/2026/ND-CP ; and at the same time, electronic report data (excluding contents classified as state secrets as prescribed) must be uploaded to the National Financial Database (data must be digitally signed in accordance with the 2023 Law on Electronic Transactions and relevant legal documents).

Central level-I budget estimate units shall prescribe deadlines for submission of reports on budget estimates and next year’s financial revenue and expenditure plans by budget estimate units and state off-budget financial funds under their management.

5. Ministries in charge of national target programs shall, based on total funding approved and implementation capacity, provide guidance on programs’ objectives and tasks for the estimating year for Ministries, central authorities, and provincial People’s Committees to make next year’s budget estimates (development investment expenditures and recurrent expenditures on each task, project, and sector), using Form No. 10.1 in Appendix I issued together with this Circular, and submit them to the Ministry of Finance, the State Audit Office, and Ministries in charge of national target programs before July 10, every year.

Ministries in charge of national target programs shall consolidate and make detailed plans for allocation of next year’s budget expenditure estimates for the implementation of national target programs (development investment expenditures and recurrent expenditures on each task, project, and sector) for each Ministry, central authority, and provincial authority, using Form No. 10.2 in Appendix I issued together this Circular, and submit them to the Ministry of Finance by August 10^th every year; and at the same time, electronic report data (excluding contents classified as state secrets as prescribed) must be uploaded to the National Financial Database (data must be digitally signed in accordance with the 2023 Law on Electronic Transactions and relevant legal documents).

Article 12. Forms of state budget/local government budget estimates, central government budget/local government budget allocation plans

1. The Ministry of Finance shall consolidate and make a state budget estimate and a central government budget allocation plan, to be submitted to a competent authority for decision, in accordance with the Law on State Budget, points a and b, clause 1, Article 14, point a, clause 5, and clauses 7 and 8, Article 15 of the Government’s Decree No. 73/2026/ND-CP, and the system of forms prescribed in the Regulations issued by the National Assembly Standing Committee on making, verification, and decision on state budget estimate, central government budget allocation plan, and approval for final accounts of state budget.

2. Based on state budget expenditure allocation principles, criteria and norms issued by the National Assembly Standing Committee, provincial People’s Committees shall request provincial People’s Councils to decide local government budget expenditure allocation principles, criteria, and norms to serve as a basis for subordinate agencies, units, and commune-level People’s Committees to make budget expenditure estimates; and shall direct Departments of Finance to preside over and cooperate with relevant agencies in making state budget revenue estimates within their provinces, and local government budget revenue and expenditure estimates.

a) Annually, based on state budget expenditure allocation principles, criteria, and norms issued by the National Assembly Standing Committee, and the percentage (%) of revenues shared between the central government budget and local government budgets, Departments of Finance shall preside over and cooperate with relevant agencies in making state budget revenue estimates within their provinces, local government budget revenue and expenditure estimates, and determining budget-balancing transfers from the central government budget to local government budgets, local government budget deficit, principal repayment expenditures and their sources, and total loan, including loans taken to repay principal of previous loans and loans taken to cover provincial budget deficit (if any) as prescribed; and shall report local government budget estimates to provincial People’s Committees using Forms No. 27 through No. 34 in Appendix I issued together this Circular to send reports to the authorities as prescribed in clause 3 of this Article.

b) Budget deficit estimates and loan and debt repayment estimates of provincial budgets shall include provincial budget deficit estimates; estimates of total loan during the year (including loans taken to repay principal of previous loans and loans taken to cover provincial budget deficit) by loan source (including issuance of local government bonds, loans taken by the Government and on lent to local authorities, and other domestic sources) and costs (including interest rates, fees, and other related costs); repayment of debts due in the estimating year (including principal, interest, fees, and other related costs); projected debt repayment sources; provincial budget balances for the current year and the estimating year, and debt repayment capacity for subsequent years; loan balance of local government budgets by December 31^st of the previous year and the estimating year, provided that it does not exceed the limit prescribed in clause 6, Article 7 of the Law on State Budget and clause 6, Article 3 of the Government’s Decree No. 73/2026/ND-CP; and explanatory documents for loan estimates.

c) Investment projects proposed to be funded by loans granted must be included in the list of medium-term public investment plans decided by the provincial People’s Council (for years in the medium-term investment plan period) or expected to be included in the medium-term public investment plan list, to be submitted to a competent authority for decision (for the first year of the medium-term public investment plan period), and investment procedures shall be followed as prescribed.

3. The provincial People’s Committee shall request the provincial standing People’s Council to consider giving opinions on the local government budget estimate. After receiving opinions from the provincial standing People’s Council, the provincial People’s Committee shall submit the local government budget estimate report to the Ministry of Finance, the State Audit Office, the Ministry of Science and Technology (for science, technology, innovation, and digital transformation expenditure estimates), and Ministries in charge of national target programs (for national target program expenditure estimates) before July 10^th annually as prescribed; and at the same time, electronic report data (excluding contents classified as state secrets as prescribed) must be uploaded to the National Financial Database (data must be digitally signed in accordance with the 2023 Law on Electronic Transactions and relevant legal documents).

4. Pursuant to regulations of the Law on State Budget and the Government’s Decree No. 73/2026/ND-CP, provincial People’s Committees shall elaborate deadlines for making and submission of budget estimates by subordinate agencies, units, and commune-level People’s Committees, and of the next year’s financial revenue and expenditure plans of state off-budget financial funds (for agencies and units assigned to manage such funds), in alignment with requirements, contents, and schedule for making of local government budget estimates.

Chapter IV

IMPLEMENTATION OF STATE BUDGET

Article 13. Forms of state budget estimates to be assigned and allocation explanation reports made by budget estimate units

1. Allocation and assignment of state budget estimates shall comply with regulations of the Law on State Budget and Article 19 of the Government’s Decree No. 73/2026/ND-CP.

2. Central level-I estimate units shall assign state budget estimates to the units prescribed in clause 1, Article 19 of the Government’s Decree No. 73/2026/ND-CP according to Form A of Appendix II and Forms No. 35 and 36 of Appendix I issued together with this Circular; and at the same time, these estimates shall be submitted to the Ministry of Finance for inspection (enclosed with explanation reports on bases for allocation and assignment of estimates according to Forms No. 37 thru 46 of Appendix I issued together with this Circular; and a table of programs, projects, schemes, policies, plans, tasks, and funding estimates approved by competent authorities, and written approvals of adjustments to such programs/projects/schemes/policies/plans/tasks/funding estimates, if any, compared to those at the time of making estimates) shall be sent to the Vietnam State Treasury and State Treasuries where budget using units conduct transactions (specific to each budget-using unit) for implementation.

To meet management requirements, agencies and units organized vertically, direct inferior budget estimate units assigned to allocate and assign estimates to their affiliated budget-using units, level-I budget estimate units shall consolidate allocation results to be submitted to the Ministry of Finance and shall be responsible for state budget estimates under their management allocated and assigned to budget-using units.

3. Local level-I budget estimation units shall assign budget estimates to their affiliated budget estimate units, using Form B and Form C in Appendix II, and Forms No. 47 and 48 in Appendix I issued together this Circular; and at the same time, such estimates shall be sent to finance agencies for inspection, to regional State Treasuries of the same level, and to State Treasuries where budget-using units conduct transactions (specific to each budget-using unit) for implementation.

Departments of Finance shall request provincial People’s Committees to issue regulations on explanation reports on bases for allocation and assignment of budget estimates to be submitted by level-I budget estimate units to finance agencies to serve inspection of allocation and assignment of estimates by level-I estimate units at all local levels.

Article 14. Organization of collection of state budget revenues

1. Organization of collection of state budget revenues shall comply with regulations of the Law on State Budget and Article 20 of the Government’s Decree No. 73/2026/ND-CP.

2. State budget revenues in foreign currencies shall be recorded as state budget’s foreign currency funds’ revenues; and at the same time, recorded as state budget revenues in Vietnam Dong at the exchange rate prescribed by the Ministry of Finance.

All local government budget revenues in foreign currencies shall be transferred to the State Treasury in accordance with regulations issued by the Ministry of Finance. Local government budgets’ foreign currency funds must not be established.

Article 15. State budget payment organization

1. State budget payment organization shall comply with regulations of the Law on State Budget, the Law on Public Investment, Article 21 of the Government’s Decree No. 73/2026/ND-CP, and the Government’s Decree No. 254/2025/ND-CP dated September 26, 2025.

In case budget estimate units, agencies and organizations fail to fully and timely comply with regulations on reports, final accounts, financial statements, and other reports as prescribed, finance agencies are entitled to request State Treasuries to suspend budget payment as prescribed in clause 4, Article 21 of the Government’s Decree No. 73/2026/ND-CP, except for expenditures on salaries, allowances, social subsidies, scholarships, and other essential expenses on operation of the state apparatus (excluding equipment procurement and repair expenditures); budget-balancing transfers to lower-level budgets; expenditures on transitional projects of national target programs or projects of national importance; and expenditures on other important and urgent transitional investment projects for implementation of remedial measures against consequences of natural disasters, catastrophes, and epidemics.

2. Procedures and applications for payment and accounting of state budget expenditures associated with disbursement of estimated funds at the State Treasury shall comply with the Government’s Decree No. 347/2025/ND-CP dated December 29, 2025; the Government’s Decree No. 254/2025/ND-CP dated September 26, 2025; and guiding Circulars issued by the Ministry of Finance.

State budget advance payment/payment to tasks included in the annual state budget estimate shall be made before the end of December 31^st . Budget-using units (including project owners) shall submit applications for and documents on disbursement of estimated funds and state budget advances to State Treasuries where transactions are conducted before the end of December 30^th . Regarding advances of public investment capital for compensation, support and residential resettlement, the advance payment deadline shall comply with regulations of clause 1, Article 12 of the Government’s Decree No. 254/2025/ND-CP dated September 26, 2025.

Advances must be paid promptly when all budget payment conditions are met in accordance with regulations. During the final account adjustment period, in case advances are eligible for payment and tasks included in the state budget estimate have been performed on or before December 31^st , state budget payment (for tasks included in the state budget estimate and performed on or before December 31^st) or advance payment shall be made until the end of adjustment to final accounts and state budget expenditures/advances shall be accounted for/recorded in the budget of the year the estimate was assigned. Budget-using units (including project owners) shall submit applications for and documents on state budget payment (including advance payment) as prescribed to State Treasuries where transactions are conducted at least 02 working days before the end of the period of adjustment to final accounts, making sure that state budget expenditures are completely accounted for within the period of adjustment to final accounts.

At the end of the budget year, the excess of expenditure estimate and advance payment shall be carried over to the next year in accordance with regulations of Article 19 of this Circular.

3. Transfers from higher level budgets to lower level budgets:

a) Regarding budget-balancing transfers from the central government budget to local government budgets, the Department of Finance shall disburse estimated funds at the State Treasury. The maximum fund monthly disbursed shall not exceed 1/12 of total budget-balancing transfer for the whole year; in months of the first quarter, on the basis expenditure requirements of the local government budget, the disbursed fund may be higher, provided that the monthly disbursed fund does not exceed 12% of the estimated fund in the year and total fund disbursed for the first quarter does not exceed 30% of the estimated fund in the year. In a special case where it is necessary to accelerate the disbursement of estimated funds, the provincial People’s Committee shall send a written request to the Ministry of Finance for consideration and decision.

Based on possible revenue sources and expenditure requirements of commune-level budgets, the provincial People’s Committee shall prescribe estimated funds monthly disbursed for provision of budget-balancing transfers to commune-level budgets in conformity with the actual local situation;

b) Regarding targeted transfers from the central government budget to local government budgets, based on regulations, progress, and the volume of performed tasks of each program, project, and task, and advances as prescribed, the Department of Finance shall disburse estimated funds at the State Treasury; the maximum fund disbursed shall be equal to the fund estimated and provided for each program, project, and task.

In case the disbursed funds are not used for the set targets or are underused, they must be returned to the central government budget in accordance with clause 2 Article 9 of this Circular. Regarding targeted transfers from the provincial budget to commune-level budgets, the provincial People’s Committee shall prescribe disbursement of commune-level budget funds estimated in conformity with the actual local situation.

c) On a periodical basis, by the 10^th day of the next month, the State Treasury shall send a consolidated report to the finance agency of the same level on disbursement of estimated funds for provision of budget-balancing transfers and targeted transfers from the higher level budget to the lower level budget during the preceding month.

In case where it is discovered that the finance agency’s disbursement of estimated funds for provision of budget-balancing transfers and targeted transfers from the higher level budget to the lower level budget is inconsistent with regulations, the State Treasury shall issue a written notification to the finance agency and simultaneously suspend such disbursement.

4. State budget payment in the form of payment order:

a) In the form of payment order, expenditures include:

– Expenditures on granting loans as prescribed by the Government;

– Expenditures on transfer of funds to the Vietnam Social Security (VSS) for payment of pensions and social insurance allowances in accordance with the law; funds for full and partial payment of health insurance premiums for eligible beneficiaries in accordance with the law on health insurance; and financial support for the Unemployment Insurance Fund in accordance with the law on unemployment insurance;

– Expenditures on stakes/shares and payment of membership dues to international financial organizations (except for those already included in budget estimates made by Ministries, ministerial-level agencies, Governmental agencies, and other central authorities that disburse estimated funds at State Treasuries);

– Expenditures on contribution to charter capital of and provision of financial support for state-owned economic and financial organizations in accordance with the law;

– Expenditures on offsetting interest rate differences, management fees via policy banks; contribution to charter capital of policy banks and state off-budget financial funds; provision of investment support for other policy beneficiaries in accordance with the Government’s regulations or the Prime Minister’s decisions; and local government budget funds entrusted for lending through provincial or municipal branches of the Vietnam Bank for Social Policies for implementation of local socio-economic development policies;

– Expenditures on support, commission, and assignment of tasks to enterprises, economic organizations, and social organizations other than governmental agencies;

– Expenditures on provision of funds for the National Foundation for Science and Technology Development, the National Technology Innovation Fund, and science, technology, and innovation development funds established by Ministries, ministerial-level agencies, Governmental agencies, other central authorities, and provincial People’s Committees for support and commission of performance of science, technology, and innovation tasks, interest rate support, and support for implementation of science, technology, and innovation activities in accordance with the Government’s regulations;

– Expenditures on the South China Sea – Island target program in the fields of national defense, maritime and island security (funds provided for Ministries, ministerial-level agencies, Governmental agencies, and other central authorities other than the Ministry of Public Security and the Ministry of National Defense for implementation);

– Expenditures on performance of special tasks and other expenditure tasks in the form of payment orders of the Ministry of Public Security and the Ministry of National Defense in accordance with the Government’s regulations and competent authorities’ decisions;

– Expenditures on certain tasks for maintenance of operations of the Communist Party’s agencies in accordance with the Government’s regulations;

– Expenditures on repayment of principal, interest, fee and expenses arising from state budget loans (excluding payments for principal, interest, fees for issuance, swap, repurchase, and settlement of Government bonds)

– Expenditure on ad hoc provision of aid for foreign countries by the State, the Government;

– Expenditures on provision of support for local authorities and superior agencies and units according to points a, b and c clause 5 Article 9 of the Law on State Budget;

– Transfers to financial reserve funds;

b) Procedures for payment in the form of payment order

– Based on the assigned budget estimate and the payment application submitted by the budget-using unit, the finance agency shall inspect and compare the payment application with the estimate assigned to the unit. Within 05 working days from the date of receipt of the unit’s payment application, the finance agency shall issue and send a payment order to the State Treasury;

– Within 01 working day from the date of receipt of the payment order from the finance agency, the State Treasury shall inspect the validity of the payment order and, based on the payment order, release and transfer funds to accounts, or make cash payments to budget beneficiaries. In case the payment order is invalid, the State Treasury shall notify the finance agency to take actions within 01 working day from the date of receipt.

5. Benefits recorded as state budget revenues or expenditures:

a) Based on budget revenue and expenditure estimates and schedule for performance of tasks, level-I estimate units shall submit documents to finance agencies of the same level by January 25^th of the next year; financial agencies shall complete procedures for recording budget revenues or expenditures and send them to State Treasuries by the end of January 30^th of the next year. Benefits recorded as state budget expenditures are actual benefits provided as prescribed; benefits recorded as budget revenues shall correspond to those recorded as expenditures. Any remaining revenue that has not yet been recorded as state budget revenue shall be continuously monitored and managed to be recorded as state budget revenue when the unit has made actual payment (except for benefits as prescribed or revenues that must be immediately transferred to state budget);

b) Foreign loans granted to or aid provided directly for budget-using units must undergo procedures for recording such loans/aid as state budget revenues or expenditures as prescribed; agencies or units shall submit documents to State Treasuries by the end of January 30^th of the next year. In case of transfers to lower-level budgets, procedures for recording them as revenues or expenditures must be completed and revenue or expenditure records must be sent to State Treasuries by the end of January 20^th of the next year with regard to central government budget revenues or expenditures, or by the end of January 25^th of the next year with regard to provincial budget revenues or expenditures;

c) Final accounts of state budget revenues or expenditures shall be made in the same year in which such revenues or expenditures are recorded.

Article 16. Managing, accounting for and recording state budget loans

1. State budget loans shall be granted according to estimates decided by competent authorities and managed, accounted for and recorded in corresponding-level budget accounts.

In case the assigned local government budget estimate includes domestic loans and loans taken by the Government and on lent to local authorities, during disbursement of additional loans taken by the Government and on lent to local authorities; a corresponding reduction in domestic loans is required to make sure that total loan does not exceed the estimated budget. If domestic loans are unavailable or domestic loans are available and total loan exceeds the estimated budget, local authorities shall send reports to the Ministry of Finance that will request the Government to consider making decision in accordance with clause 5, Article 3 of the Government’s Decree No. 73/2026/ND-CP.

2. Loans in foreign currencies shall be accounted for in their original currencies and in Vietnamese Dong at the exchange rate prescribed by the Ministry of Finance. At the beginning of each month, the State Treasury shall re-adjust outstanding debts in Vietnamese Dong of all budget levels at the exchange rate prescribed by the Ministry of Finance; and at the same time, any increase or decrease (if any) due to re-assessment of outstanding debts shall be recorded and monitored separately in the exchange rate difference account (not recorded as budget revenues or expenditures) to balance budget revenues and expenditures at the exchange rate as accounted for at the time loans are incurred. t the end of the budget year, the State Treasury shall settle exchange rate differences to record them as state budget revenues and expenditures in accordance with regulations.

Owners of projects funded by ODA loans are responsible for determining and applying exchange rates when requesting State Treasuries where transactions are conducted to record expenditures in foreign currencies as budget revenues or expenditures in accordance with regulations.

3. Accounting for transactions through issuance/swap/repurchase of domestic debt instruments in state budget:

a) Loans through issuance of bonds, treasury bills, and national construction bonds shall be accounted for at par value;

b) In case of differences between the selling price and the par value of each Government bond, treasury bill, or national construction bond, or differences between the original par value of the repurchased bond and its repurchase price, such differences shall be accounted and monitored in a separate account; at the end of the year, based on the aforementioned separate account’s balance, if the difference is a positive number, it shall be deducted from the budget for repayment of debt and payment of interest; if the difference is a negative number, it shall be added to the budget for repayment of debt and payment of interest;

c) Differences between the par value of swapping bond and the par value of the swapped bond must not be recorded as state budget revenues or expenditures; if the difference is a positive number, it shall be deducted from loan balance of state budget; if the difference is a negative number, it shall be added to loan balance of state budget after swap of the bond.

Article 17. Repayment of state budget loans

1. State budget loans shall be repaid in accordance with regulations in clause 2 and clause 3 Article 4 of the Government’s Decree No. 73/2026/ND-CP.

In case the actual debt repayment fund exceeds total estimated budget for repayment of debt as assigned by the competent authority, the Ministry of Finance (for the central government budget) or the Department of Finance (for local government budgets) shall send a consolidated report to the competent authority for consideration and decision.

2. Procedures for and recording of debt repayment by central government budget:

a) Regarding expenditures on domestic redemption of government bonds, on the basis of the estimate and requirements for fulfillment of debt repayment obligations by the due date, the State Treasury shall release funds from the central government budget for repayment; and at the same time, record them as an decrease in loans taken (regarding principal repayment) and record payments for interest, fees, and other expenses arising from issuance, swap, and settlement of Government bonds as central government budget expenditures in accordance with regulations;

b) Regarding repayment of other domestic loans, on the basis the estimate and requirements for fulfillment of debt repayment obligations, the Ministry of Finance shall issue payment orders to the State Treasury to release funds from the central government budget for repayment; and at the same time, record them as an decrease in loans taken (regarding principal repayment) and record payments for interest, fees, and other expenses arising from loans as central government budget expenditures as prescribed;

c) Regarding foreign debt repayment, at least 07 working days prior to the due date (except for cases where payments can only be determined upon receipt of the creditor’s notification), on the basis of the estimate and requirements for fulfillment of debt repayment obligations, the Ministry of Finance shall issue a repayment order, enclosed with the repayment schedule and relevant documents (if any), to the State Treasury to release funds from the central government budget for repayment; and at the same time, record them as an decrease in loans taken (regarding principal repayment) and record payments for interest, fees, and other expenses arising from loans as central government budget expenditures as prescribed.

3. Regarding procedures for and recording of debt repayment by local government budgets: on the basis of the estimate and requirements for fulfillment of debt repayment obligations, the Department of Finance shall issue a payment order to the State Treasury to release funds from the local government budget for repayment; and at the same time, record them as an decrease in loans taken (for principal repayment) and record payments for interest, fees, and other expenses arising from loans as local government budget expenditures as prescribed.

Article 18. Reports on implementation of state budget

1. Reports on implementation of state budget shall comply with regulations of the Law on State Budget and Article 29 of the Government’s Decree No. 73/2026/ND-CP.

2. Deadline and form of report:

a) Tax and Customs authorities at all levels shall report, on the 15^th of each month, on collection of state budget revenues to finance agencies of the same level for the first 15 days of the month, and report, before the 22^nd of each month, on monthly collection of state budget revenues to finance agencies of the same level, using Form No. 52 in Appendix I issued together this Circular; and report on collection of state budget revenues to other relevant agencies in accordance with the law.

On a quarterly basis, budget-collecting authorities shall make budget revenue estimates for the next quarter specific to economic sector, revenue item, tax type, and locality, and submit them to finance agencies and superior collecting authorities by the 22^nd of the last month of the preceding quarter;

b) On a daily basis, State Treasuries shall report to finance agencies on cash balance of state budget; collection of budget revenues by economic sector, revenue item, tax type and locality; and state budget expenditures by field, unit and budget level, using the forms prescribed in the State Budget and State Treasury Accounting Regime; and at the same time, upload budget revenue and expenditure data to the National Financial Database. State Treasuries shall also report to other relevant agencies on state budget revenues and expenditures in accordance with the law;

c) On a quarterly basis, level-I estimate units shall report on state budget revenues and expenditures to finance agencies of the same level (central level-I estimate units shall make reports, using Form No. 53 in Appendix I issued together this Circular and concurrently upload electronic report data, (excluding contents classified as state secrets) to the National Financial Database (such report data must be digitally signed in accordance with the 2023 Law on Electronic Transactions and relevant legal documents); local level-I estimate units shall make reports using the forms prescribed in point k of this Clause). They shall also report on budget revenues and expenditures to other relevant agencies as required by law. Reports shall be submitted before the end of 10^th day of the first month of the next quarter.

d) On a quarterly basis, provincial People’s Committees shall report to the Ministry of Finance on collection of state budget revenues within their respective provinces, and local government budget revenues and expenditures, using Forms No. 54 to 56.1 and 56.2 in Appendix I issued together this Circular; concurrently, upload electronic report data (excluding contents classified as state secrets) to the National Financial Database (such report data must be digitally signed in accordance with the 2023 Law on Electronic Transactions and relevant legal documents). Reports shall be submitted before the end of 10^th day of the first month of the next quarter;

dd) On a monthly basis, the Ministry of Finance shall report to the Prime Minister, and on a semi-annual basis, to the Government, on state budget revenues and expenditures using Forms No. 49 thru 51 in Appendix I issued together this Circular; concurrently, upload electronic report data (excluding contents classified as state secrets) to the National Financial Database and transfer these reports to the Government System (such data must be digitally signed in accordance with the 2023 Law on Electronic Transactions and relevant legal documents); and report on state budget revenues and expenditures to other relevant agencies as required by law.

Before February 28^th of each year, the Ministry of Finance shall make a consolidated plan for use of revenues in excess of those in estimates and remaining expenditures as estimated of the previous year’s central government budget and submit the plan to the Government for consideration and decision, in accordance with clause 2, Article 61 of the Law on the State Budget and clause 1, Article 26 of the Government’s Decree No. 73/2026/ND-CP.

The method for determining bonus for revenues in excess of those in the central government budget revenue estimate to be paid to each local government is specified in Appendix III issued together this Circular;

e) The People’s Committee shall report to the standing People’s Council and the People’s Council of the same level on use of its budget reserve; detailed allocation of its budget expenditure estimates unallocated and targeted transfers from higher level budget during the year; adjustments to its budget; and allocation and use of increased revenues and remaining expenditure estimate of its budget, and implementation of the local government budget in accordance with point b, clause 4, Article 10; clause 7, Article 32; clause 3, Article 54; clause 2, Article 61; and clause 5, Article 62 of the Law on State Budget and its guiding documents;

g) Commune-level People’s Committees shall report to the Department of Finance on results of allocation and use of increased revenues compared to budget estimates and remaining expenditure estimates of their budgets in the previous year, meeting the deadlines and using report forms prescribed by the provincial People’s Committee.

Prior to March 15^th of each year, provincial People’s Committees shall report to the Ministry of Finance on results of allocation and use of increased revenues compared to budget estimates and remaining expenditure estimates of their budgets in the previous year, using Form No. 56.3 in Appendix I issued together this Circular; and at the same time, upload electronic report data (excluding contents classified as state secrets as prescribed) to the National Financial Database (report data must be digitally signed in accordance with the 2023 Law on Electronic Transactions and relevant legal documents);

h) The Ministry of Finance shall request the Prime Minister and the Government to report to the National Assembly Standing Committee and the National Assembly on use of central government budget reserve; detailed allocation of central government budget expenditure estimates unallocated; adjustments to budget; allocation and use of increased revenues and remaining expenditure estimates of the central government budget; and state budget revenues and expenditures in accordance with point a, clause 4, Article 10; clause 3, Article 26; clause 2, Article 54; clause 2, Article 61; and clause 8, Article 62 of the Law on State Budget and its guiding documents;

i) The Ministry of Finance shall issue separate regulations on deadlines and forms of reports for State Treasuries to send periodical reports to finance agencies of the same level on state budget revenues and expenditures;

k) Provincial People’s Committees shall prescribe deadlines and forms of reports as provided in clause 4, Article 62 of the Law on the State Budget.

Chapter V

ACCOUNTING AND FINAL ACCOUNTS OF STATE BUDGET

Article 19. Accounting of carryforward

1. Carryforward of state budget shall comply with regulations of in Article 66 of the Law on State Budget and Article 31 of the Government’s Decree No. 73/2026/ND-CP.

2. Balance of a deposit account holding state budget funds until the end of December 31^st shall be settled as follows:

a) Balance of a budget estimate unit’s deposit account holding state budget funds and opened at the State Treasury until the end of December 31^st shall continue to be paid as prescribed during the final account adjustment period. Upon expiration of the final account adjustment period, the remaining balance must be repaid to state budget, except that expenditures are carried forward to the next year as prescribed in Article 31 of the Government’s Decree No. 73/2026/ND-CP, to have final accounts made, and be used and recorded in the next year’s budget in accordance with regulations;

b) By the end of February 10^th of the next year, the budget-using unit shall reconcile its deposit account balances with the State Treasury where transactions are conducted by each type, clause, item, and sub-item of the balance, using Form No. 30 issued together with the Government’s Decree No. 347/2025/ND-CP dated December 29^th, 2025, and repay balances to record them as an decrease in state budget expenditure (if such balances are not eligible for continued use) or carry forward balances and account for carryforward to the next year (if such balances are eligible to be carried forward to the next year). The state budget-using unit shall be held responsible for contents declared in the aforementioned form to serve as the basis for the State Treasury to account for carryforward to the next year.

c) After deposit account balances are confirmed by budget-using units, the State Treasury where transactions are conducted shall record such balances as a decrease in expenditure, and carry forward deposit account balances and state budget funds unused as estimated from the previous year to the next year (corresponding to deposit account balances permitted to be carried forward);

d) The State Treasury shall submit a consolidated report on balances of level-I budget estimate unit’s deposit account holding state budget funds to be carried forward to the next year, specific to each budget-using unit and report indicators as prescribed in Form No. 57, Appendix I issued together with this Circular to the finance agency of the same level by the end of February 20^th of the next year for consolidation.”

3. Regarding estimated state budget funds allocated to units, projects or works that remain unused or are partially used by the end of January 31^st of the following year (hereinafter referred to as “estimated balances”), estimates of state budget funds shall be annulled, except for cases where they are permitted to be carried forward to the next year’s budget as prescribed in Article 31 of the Government’s Decree No. 73/2026/ND-CP. Estimated balances shall be carried forward to the next year’s budget as follows:

a) By the end of February 10^th of the next year, the budget-using unit shall reconcile its estimated balances with the State Treasury where transactions are conducted, using Form No. 31 issued together with the Government’s Decree No. 347/2025/ND-CP dated December 29th, 2025, to serve as a basis for accounting for carryforward to the next year;

b) Based on regulations on carryforward of state budget (payment deadlines, estimates assigned by competent authorities, and conditions for carryforward of expenditures), the budget-using unit shall request the State Treasury to carry forward estimated balances. The State Treasury where transactions are conducted shall reconcile and confirm estimated state budget funds that are already used or remain unused, and carry forward the previous year’s estimated budget balances to the next year in accordance with regulations;

c) The State Treasury shall submit a consolidated report on level-I budget estimate unit’s estimated balances to be carried forward to the next year’s budget, specific to each budget-using unit and report indicators as prescribed in Form No. 58, Appendix I issued together with this Circular to the finance agency of the same level by the end of February 20^th of the next year for consolidation.

4. Estimated advances as prescribed by the end of January 31^st of the following year that are not eligible for payment since payment procedures are not completed (hereinafter referred to as “advance balances”) shall be returned to state budget, except for cases where they are permitted to be carried forward to the next year’s budget as prescribed in Article 31 of the Government’s Decree No. 73/2026/ND-CP. Advance balances shall be carried forward to the next year’s budget or returned to state budget as follows:

a) By the end of February 10^th of the next year, the budget-using unit (including project owner) shall reconcile its advance balances with the State Treasury where transactions are conducted, using Form No. 31 issued together with the Government’s Decree No. 347/2025/ND-CP dated December 29th, 2025;

b) Based on regulations on carryforward of state budget (payment deadlines, estimates assigned by competent authorities, and conditions for carryforward of expenditures), the budget-using unit shall request the State Treasury to carry forward advance balances. The State Treasury where transactions are conducted shall reconcile and confirm advance balances that have not yet been paid to the unit, and carry forward the previous year’s estimated budget balances (corresponding to advance balances carried forward) the next year’s budget in accordance with regulations;

The State Treasury shall make a specific report based on level-I budget-estimate unit and submit it to the finance agency of the same level for consolidation;

c) The budget-using unit shall return the remaining advance balances that are not carried forward to the next year to state budget before February 15^th of the following year, as prescribed in the Government’s Decree No. 73/2026/ND-CP. After the aforementioned deadline, if the remaining advance balances have not yet been returned, the State Treasury where transactions are conducted shall recover such advance balances by way of carrying forward them to the next year’s advances without exceeding the next year’s estimate of the same category. In case where the next year’s estimate is not assigned or the next year’s advances as estimated are lower than the advances to be recovered, the State Treasury shall notify the finance agency of the same level.

Regarding advances that must be recovered (including those already recorded as budget expenditures) but have not yet been successfully recovered, the State Treasury shall record and put them in an advance account for supervision. Upon recovery, these advances shall be recorded as a decrease in advances and must not be recorded as state budget revenues;

d) The State Treasury shall submit a consolidated report on level-I budget estimate unit’s advance balances to be carried forward to the next year’s budget, specific to each budget-using unit and report indicators as prescribed in Form No. 58, Appendix I issued together with this Circular to the finance agency of the same level by the end of February 20^th of the next year for consolidation.

5. Based on the tasks and total budget fund of all levels permitted to be carried forward to the following year’s budget in accordance with regulations, finance agencies (including commune-level finance agencies) shall send written documents to State Treasuries where transactions are conducted and which will account for expenditures carried forward from the previous year’s budget to the next year’s budget, and the next year’s budget revenues carried forward from the previous year’s budget as prescribed by law.

Article 20. Forms of final accounts and statements of final accounts of state budget

1. The budget-estimate units prescribed in clause 1, Article 19 of the Government’s Decree No. 73/2026/ND-CP shall make, consolidate and submit statements of final accounts of state budget in accordance with regulations, and at the same time report data and figures, using Forms No. 68, 71, and 72 in Appendix I issued together with this Circular.

Within 10 working days from the date of receipt of a notification of approval for final accounts of state budget from the direct superior budget-estimate unit or the estimate-assigning unit, the inferior budget-estimate unit or the estimate-assigned unit must fully implement contents specified in the aforesaid notification.

2. Agencies directly managing state off-budget financial funds shall make final accounts of the funds’ financial revenues and expenditures as prescribed in clause 4, Article 6 of the Government’s Decree No. 73/2026/ND-CP and in accordance with Form No. 72, Appendix I issued together with this Circular.

3. Each level-I budget-estimate unit funded by the central government budget shall submit 02 hard copies of statements of final accounts of state budget to the Ministry of Finance (01 copy is submitted to the State Treasury and 01 copy is submitted to the State Audit Office of Vietnam). And at the same time, it must upload electronic report data (excluding contents classified as state secrets) to the National Financial Database; such report data must be digitally signed in accordance with the 2023 Law on Electronic Transactions and relevant legal documents. Regarding statements of final accounts of state budget revenues and expenditures according to state budget entries, level-I budget-estimate units shall send electronic statements in Excel format to email: tqtns@mof.gov.vn.

Within 15 days from the date of receipt of the complete statements and forms of final accounts from level-I budget-estimate units, the Ministry of Finance shall be responsible for inspecting and consolidating final accounts of state budget. In case any errors are detected, the Ministry of Finance shall request in writing level-I budget-estimate units to adjust their final accounts.

Within 07 working days from the date of receipt of the written request from the Ministry of Finance, level-I budget-estimate units shall comply with the written request for adjustment.

4. Departments of Finance of provinces and cities shall consolidate, make and submit annual statements of final accounts of state budget revenues within their provinces, and final accounts of local government budget revenues and expenditures in accordance with regulations, enclosed with data in Forms No. 59 thru 71 of Appendix I issued together with this Circular to provincial People’s Committees that will send 02 hard copies of statements to the Ministry of Finance (01 copy is submitted to the State Treasury and 01 copy is submitted to the State Audit Office of Vietnam). And at the same time, electronic report data (excluding contents classified as state secrets) must be uploaded to the National Financial Database; such data must be digitally signed in accordance with the 2023 Law on Electronic Transactions and relevant legal documents. Regarding statements of final accounts of budget revenues and expenditures according to state budget entries, provincial People’s Committees units shall send electronic statements in Excel format to email: tqtns@mof. gov. vn.

5. Level I budget estimate units funded by the central government budget shall submit their annual statements of final accounts of state budget to the Ministry of Finance, and inferior People’s Committees shall submit statements of final accounts of their budgets to superior finance agencies by the deadlines specified in Article 71 and Article 72 of the Law on State Budget and Article 32 of Government Decree No. 73/2026/ND-CP.

Based on the deadlines for submission of statements of final accounts specified in Articles 71 and 72 of the Law on State Budget and Article 32 of Government Decree No. 73/2026/ND-CP, Central level I budget estimate units shall prescribe deadlines for budget estimates units and state off-budget financial funds under their management to submit their statements of final accounts of their budgets and final accounts of funds’ financial revenues and expenditures, making sure that level I budget estimate units’ statements of final accounts of their budgets are consolidated and sent by the prescribed deadline.

Provincial People’s Committees shall prescribe deadlines for local level I budget estimate units to submit statements of final accounts to finance agencies, making sure that statements of final accounts of local government budgets are consolidated, made, and submitted by the deadlines specified in accordance with Articles 71 and 72 of the Law on State Budget and Article 32 of Government Decree No. 73/2026/ND-CP.

In case finance agencies have not received statements of final accounts from level I budget estimate units or inferior People’s Committees by the prescribed deadline, finance agencies are entitled to suspend provision of funds in accordance with clause 1, Article 15 of this Circular.

6. Budget estimate units subject to inspection/audit shall fully and promptly implement conclusions and recommendations given by inspection agencies and the State Audit Office. They shall report implementation results to their superior budget estimate units; level I budget estimate units shall consolidate these results and submit them to finance agencies of the same level. Finance agencies shall consolidate and report results of implementation of recommendations given by inspection agencies and the State Audit Office to People’s Committees of the same level that will submit reports to their direct superior finance agencies, using Form No. 68 in Appendix I issued together with this Circular;

7. Within 05 working days after People’s Councils approve final accounts of budgets, inferior People’s Committees shall submit People’s Councils’ resolutions on approval for final accounts to superior finance agencies. If the final accounts approved by People’s Councils are changed in comparison to the statements of final accounts previously submitted by People’s Committees, finance agencies shall request People’s Committees to submit additional statements containing such changes to superior finance agencies.

Chapter VI

OTHER COMMUNE-LEVEL FINANCIAL ACTIVITIES

Article 21. Scope and principles of management

1. Other financial activities in communes, wards and special zones (hereinafter referred to as “commune-level financial activities”) include:

a) Financial activities in villages and residential clusters (hereinafter referred to as “villages”);

b) Revenues and expenditures authorized by other organizations or agencies to commune-level authorities for collection and payment;

c) Other financial activities in compliance with the law.

2. Commune-level People’s Committees shall organize the uniform management of other commune-level financial activities in accordance with regulations.

3. Based on the assigned tasks, commune-level specialized agencies and units are permitted to open deposit accounts at State Treasuries, commercial banks, or credit institutions to assist commune-level People’s Committees in managing funds not derived from commune-level budgets.

4. Other commune-level financial revenues and expenditures must be fully, specifically, clearly and transparently recorded in accounting books containing each type of activity.

Article 22. Financial activities in villages

1. Funds directly raised by agencies/units at villages through voluntary contributions from the People are used for specific purposes serving public interests of the village community and are not included in commune-level budgets.

2. Funds shall only be raised after reaching consensus and voluntary agreement from the People on guidelines and contributions, and a report shall be sent to the commune-level People’s Committee. The commune-level People’s Committee shall instruct agencies/units at the village keep books to fully and specifically record all revenues and expenditures, and to publicly announce results of contribution and use of funds.

Raised funds shall be used strictly for specific purposes as agreed upon by the People. Any unused funds may be reported to the commune-level People’s Committee to be deposited into an account owned by a specialized finance agency affiliated to the commune-level People’s Committee, and opened at the State Treasury or a credit institution in accordance with the law. Agencies/units at the village may deposit unused funds into accounts opened at credit institutions and held by the village head if the People living in the village give consent. Any accrued interest, after deducting payment fees as prescribed (if any), shall be used for the intended purposes.

The specialized finance agency affiliated to the commune-level People’s Committee is responsible for assisting the commune-level People’s Committee in providing guidance on and conducting inspection (when necessary) of financial activities at the village.

Article 23. Authorization of collection and payment

The commune-level People’s Committee shall authorize its specialized agencies and units to collection and payment in accordance with regulations. These agencies/units must maintain separate books to monitor each revenue/expenditure and are strictly prohibited from collection and payment without authorization.

Chapter VII

PUBLIC ANNOUCEMENT OF STATE BUDGET

Article 24. Public announcement about state budget and central government budget

1. Data and explanation reports on state budget estimates and central government budget allocation plans submitted to the National Assembly, to be publicly announced include:

a) Explanation reports on state budget estimates and central government budget allocation plans submitted to the National Assembly, consisting of the indicators: bases for making of state budget estimates; state budget objectives and tasks; state budget revenue estimates and solutions for raising state budget revenues; state budget expenditure estimates, clearly indicating major policies of the Communist Party and State related to state budget and key national economic objectives and programs; state budget deficit and sources for offsetting state budget deficit; and balance of public debts, government debts and national foreign debts;

b) Data on state budget estimates and central government budget allocation plans submitted to the National Assembly, consisting of the indicators: state budget balance estimates; balance of revenues and expenditures estimated between the central government budget and local government budgets; state budget revenue estimates by the sector; state budget revenue estimates by the tax type; estimates of state budget expenditures, central government budget expenditures, and local government budget expenditures by the expenditure structure (investment and development expenditures and recurrent expenditures specific to the sectors of education, training and vocational training; science, technology, innovation, and digital transformation); central government budget expenditure estimates by expenditure tasks; state budget revenue estimates in localities; local government budget revenue and expenditure estimates; budget-balancing transfers and targeted transfers from the central government budget to each provincial budget; and percentage (%) of revenues shared between the central government budget and each provincial budget;

c) Public announcement forms according to the forms submitted by the Government to the National Assembly for decision on state budget estimates and central government budget allocation plans, as specified in Regulations on making, verification, and decision on state budget estimates, central government budget allocation plans, and approval for final accounts of state budget issued by the Standing Committee of the National Assembly.

2. State budget estimates and central government budget allocation plans decided by the National Assembly, to be publicly announced include:

a) Data on state budget estimates and central government budget allocation plans, consisting of the indicators: state budget balance estimates; balance of revenues and expenditures estimated between the central government budget and local government budgets; state budget revenue estimates by the sector; state budget revenue estimates by the tax type; estimates of state budget expenditures, central government budget expenditures, and local government budget expenditures by the expenditure structure (investment and development expenditures and recurrent expenditures specific to the sectors of education, training and vocational training; science, technology, innovation, and digital transformation); central government budget expenditure estimates by expenditure tasks; state budget revenue estimates in localities; local government budget revenue and expenditure estimates; budget-balancing transfers and targeted transfers from the central government budget to each provincial budget; and percentage (%) of revenues shared between the central government budget and each provincial budget;

b) Public announcement forms according to the forms under the National Assembly’s decision on state budget estimates and central government budget allocation plans, as specified in Regulations on making, verification, and decision on state budget estimates, central government budget allocation plans, and approval for final accounts of state budget issued by the Standing Committee of the National Assembly.

3. Data on and explanations for implementation of state budget estimates (on a quarter, semi-annual, nine-month, or annual basis), to be publicly announced include:

a) Explanations for implementation of state budget estimates (on a quarter, semi-annual, nine-month, or annual basis), consisting of the indicators: assessment of collection of state budget revenues; assessment of state budget payment; state budget deficit and sources for offsetting state budget deficit;

b) Data on implementation of state budget estimates (on a quarter, semi-annual, nine-month, or annual basis), consisting of the indicators: state budget balance; state budget revenues by the sector; state budget expenditures by the sector;

c) Forms of public announcement about implementation of state budget estimates (on a quarter, semi-annual, nine-month, or annual basis), according to the Forms No.49 thru 51 in the Appendix I enclosed with this Circular.

4. Data and explanations for final accounts of state budget approved by the National Assembly, to be publicly announced include:

a) Explanations for final accounts of state budget, consisting of the indicators: state budget collection results; state budget payment results; state budget deficit and sources for offsetting state budget deficit;

b) Data on final accounts of state budget, consisting of the indicators: final accounts of state budget balance; final accounts of balance of revenues and expenditures between the central government budget and local government budgets; final accounts of state budget revenues by the sector; final accounts of state budget revenues by the tax type; final accounts of state budget expenditures, central government budget expenditures, and local government budget expenditures (investment and development expenditures and recurrent expenditures specific to the fields of education, training and vocational training; science, technology, innovation, and digital transformation); final accounts of central government budget expenditures by expenditure tasks; final accounts of state budget revenues in localities; final accounts of local government budget revenues and expenditures; budget-balancing transfers and targeted transfers from the central government budget to each provincial budget;

c) Public announcement forms according to the forms as approved by the National Assembly for final accounts of state budget, as specified in Regulations on making, verification, and decision on state budget estimates, central government budget allocation plans, and approval for final accounts of state budget issued by the Standing Committee of the National Assembly.

Article 25. Public announcement about local government budgets and provincial budgets

1. Data and explanation for local government budget estimates and provincial budget allocation plans submitted to the People’s Council, to be publicly announced include:

a) Explanations for local government budget estimates and provincial budget allocation plans submitted to the People’s Council, consisting of the indicators: bases for making of local government budget estimates; state budget revenue estimates in localities, local government budget revenue estimates as decentralized enclosed with solutions for raising state budget revenues; local government budget expenditure estimates, clearly indicating key local objectives and programs and major policies of the Communist Party and State related to local government budgets; local government budget deficit and sources for offsetting local government budget deficit; total loans of local government budgets, including loans for offsetting local government budget deficit and loans for repayment of principal of local government budget; debt balance (outstanding debt) of local government budget, ratio of actual debt balance of local government budget to maximum permissible debt balance of local government budget

b) Data on local government budget estimates and provincial budget allocation plans submitted to the National Assembly, consisting of the indicators: local government budget balance estimates; balance of revenues and expenditures estimated between the provincial budget and commune-level budgets; state budget revenue estimates in localities; local government budget revenue estimates as decentralized; estimates of local government budget expenditures, provincial budget expenditures and commune-level budget expenditures by the expenditure structure; provincial budget expenditure estimates by the sector; provincial budget expenditure estimates allocated to each agency/organization; revenue and expenditure estimates, percentage (%) of revenues shared, and budget-balancing transfers and targeted transfers from the provincial budget to each commune-level budget; local government budget deficit estimates and sources for offsetting local government budget deficit; total loans of local government budgets, including loans for offsetting local government budget deficit and loans for repayment of principal of local government budget;

c) Public announcement forms according to the forms submitted by provincial People’s Committees to provincial People’s Councils for decision on local government budget estimates and provincial budget allocation plans.

2. Local government budget estimates and provincial budget allocation plans decided by the provincial People’s Council, to be publicly announced include:

a) Data on local government budget estimates and provincial budget allocation plans, consisting of the indicators: local government budget balance estimates; balance of revenues and expenditures estimated between the provincial budget and commune-level budgets; state budget revenue estimates in localities; local government budget revenue estimates as decentralized; estimates of local government budget expenditures, provincial budget expenditures and commune-level budget expenditures by the expenditure structure; provincial budget expenditure estimates by the sector; provincial budget expenditure estimates allocated to each agency/organization; revenue and expenditure estimates, percentage (%) of revenues shared, and budget-balancing transfers and targeted transfers from the provincial budget to each commune-level budget; local government budget deficit estimates and sources for offsetting local government budget deficit; total loans of local government budgets, including loans for offsetting local government budget deficit and loans for repayment of principal of local government budget;

b) Public announcement forms according to the forms under the provincial People’s Council’s decision on local government budget estimates and provincial budget allocation plans.

3. Data on and explanations for implementation of local government budget estimates (on a quarter, semi-annual, nine-month, or annual basis), to be publicly announced include:

a) Explanations for implementation of local government budget estimates (on a quarter, semi-annual, nine-month, or annual basis), consisting of the indicators: assessment of collection of local government budget revenues; assessment of local government budget payment; assessment of local government budget balance;

b) Data on local government budget revenues, expenditures and balance (on a quarter, semi-annual, nine-month, or annual basis), consisting of the indicators: local government budget balance; local government budget revenues by the sector; local government budget expenditures by the sector;

c) Forms of public announcement about implementation of local government budget estimates (on a quarter, semi-annual, nine-month, or annual basis), according to the Forms No.54 thru 56 in the Appendix I enclosed with this Circular.

4. Data and explanation for final accounts of local government budgets approved by the provincial People’s Council, to be publicly announced include:

a) Explanations for final accounts of local government budgets, consisting of the indicators: local government budget payment and collection results; local government budget deficit and sources for offsetting local government budget deficit; total loans of local government budgets, including loans for offsetting local government budget deficit and loans for repayment of principal of local government budget; debt balance (outstanding debt) of local government budget, ratio of actual debt balance of local government budget to maximum permissible debt balance of local government budget;

b) Data on final accounts of local government budgets, consisting of the indicators: final accounts of local government budget balance; final accounts of balance of revenues and expenditures between the provincial budget and commune-level budgets; final accounts of state budget revenues in localities and local government budget revenues as decentralized; final accounts of local government budget expenditures, provincial budget expenditures and commune-level budget expenditures by the expenditure structure; final accounts of provincial budget expenditures by the sector; final accounts of provincial budget expenditures allocated to each agency/organization; final accounts of revenues and expenditures, and budget-balancing transfers and targeted transfers from the provincial budget to each commune-level budget; final accounts of local government budget deficit and sources for offsetting local government budget deficit; total loans of local government budgets, including loans for offsetting local government budget deficit and loans for repayment of principal of local government budget;

c) Public announcement forms according to the forms approved by provincial People’s Councils for final accounts of local government budgets.

Article 26. Public announcement about commune-level budgets

1. Data on and explanations for commune-level budget estimates submitted to the commune-level People’s Council, to be publicly announced include:

a) Explanations for commune-level budget estimates and other commune-level financial plans submitted to the commune-level People’s Council, consisting of the indicators: bases for making of state budget revenue estimates in localities; commune-level budget revenue estimates as decentralized enclosed with solutions for raising commune-level budget revenues; commune-level budget expenditure estimates, clearly indicating key local objectives and programs and major policies of the Communist Party and State related to commune-level budgets;

b) Data on commune-level budget estimates and other commune-level financial plans submitted to the commune-level People’s Council, consisting of the indicators: commune-level budget balance estimates; state budget revenue estimates in localities; commune-level budget revenue estimates as decentralized; budget-balancing transfers, targeted transfers from the provincial budget to the commune-level budget; commune-level budget expenditure estimates by the sector and commune-level budget expenditure estimates allocated to each agency/unit;

c) Public announcement forms according to the forms submitted by the commune-level People’s Committee to the commune-level People’s Council for decision on commune-level budget estimates.

2. Commune-level budget estimates decided by the commune-level People’s Council, to be publicly announced include:

a) Data on commune-level budget estimates and other commune-level financial plans, consisting of the indicators: commune-level budget balance estimates; state budget revenue estimates in localities; commune-level budget revenue estimates as decentralized; budget-balancing transfers, targeted transfers from the provincial budget to the commune-level budget; commune-level budget expenditure estimates by the sector and commune-level budget expenditure estimates allocated to each agency/unit;

b) Public announcement forms according to the forms under the commune-level People’s Council’s decision on commune-level budget estimates.

3. Implementation of commune-level budget estimates (on a quarter, semi-annual, nine-month, or annual basis), to be publicly announced includes the indicators: assessment of commune-level budget balance; assessment of commune-level budget collection and payment by the sector.

Forms of public announcement about implementation of commune-level budget estimates according to forms of local government budget collection and payment as prescribed by the provincial People’s Committee in point k clause 2 Article 18 of this Circular.

4. Final accounts of commune-level budget approved by the commune-level People’s Council, to be publicly announced include:

a) Explanations for final accounts of commune-level budget, consisting of the indicators: commune-level budget collection and payment results;

b) Data on final accounts of commune-level budget, consisting of the indicators: final accounts of commune-level budget balance; final accounts of state budget revenues in localities; final accounts of commune-level budget revenues as decentralized; budget-balancing transfers from the provincial budget to the commune-level budget; final accounts of commune-level budget expenditures by the sector and final accounts of commune-level budget expenditures allocated to each agency/unit and detailed results of other commune-level financial activities;

c) Public announcement forms according to the forms approved by the commune-level People’s Council for final accounts of commune-level budget.

Article 27. Public budget announcement regarding budget estimate units

1. Public announcement about budget estimates:

a) Regarding superior budget estimate units:

Public announcement about state budget revenue and expenditure estimates, including any decrease or increase (if any) as assigned by competent authorities; other fund sources and allocation of funds to inferior units (including funds included in their estimates and directly used), and authorized units (authorized funds – if any) according to the Form No. 73, Appendix I issued together with this Circular.

Public announcement about bases, principles and norms for allocation of budget estimates;

b) Regarding budget-using units:

Public announcement about state budget revenue and expenditure estimates, including any decrease or increase (if any) as assigned by competent authorities and other fund sources according to the Form No. 74, Appendix I issued together with this Circular.

2. Public announcement about data on and explanations for implementation of state budget estimates (on a quarter, semi-annual, nine-month, or annual basis):

a) Regarding superior budget estimate units:

Public announcement about explanations for implementation of state budget estimates approved (on a quarter, semi-annual, nine-month, or annual basis).

Public announcement about data on implementation of state budget estimates approved (on a quarter, semi-annual, nine-month, or annual basis), according to the Form No. 75 in the Appendix I enclosed with this Circular.

Public announcement about reports on results achieved and fulfillment of objectives, targets, quality, and volume of public products and services as assigned in case of task performance-expenditure management as assigned by competent authorities.

b) Regarding budget-using units:

Public announcement about explanations for implementation of state budget estimates approved (on a quarter, semi-annual, nine-month, or annual basis).

Public announcement about data on implementation of state budget estimates approved (on a quarter, semi-annual, nine-month, or annual basis), according to the Form No. 75 in the Appendix I enclosed with this Circular.

Public announcement about reports on results achieved and fulfillment of objectives, targets, quality, and volume of public products and services as assigned in case of task performance-expenditure management as assigned by competent authorities.

3. Public announcement of final accounts of state budget:

a) Regarding superior budget estimate units:

Public announcement about explanations for final accounts of state budget approved by competent authorities.

Public announcement about data on final accounts of state budget, according to the Form No. 76 in the Appendix I enclosed with this Circular.

b) Regarding budget-using units:

Public announcement about explanations for final accounts of state budget approved by competent authorities.

Public announcement about data on final accounts of state budget, according to the Form No. 76 in the Appendix I enclosed with this Circular.

Article 28. Public budget announcement regarding organizations funded by state budget

1. Public announcement about state budget-derived funds:

a) Regarding superior management units:

Public announcement about estimated receipt and provision of state budget-derived funds, including any decrease or increase (if any) as assigned by competent authorities; other fund sources and allocation of funds to inferior units (including funds included in their estimates and directly used) according to the Form No. 77, Appendix I issued together with this Circular.

Public announcement about bases, principles and norms for allocation of budget estimates;

b) Regarding units using state budget-derived funds:

Public announcement about estimated receipt and provision of state budget-derived funds, including any decrease or increase (if any) as assigned by competent authorities and other fund sources according to the Form No. 78, Appendix I issued together with this Circular.

2. Public announcement about data on and explanations for implementation of estimates of state budget-derived funds (on a quarter, semi-annual, nine-month, or annual basis):

a) Regarding superior management units:

Public announcement about explanations for implementation of state budget estimates approved (on a quarter, semi-annual, nine-month, or annual basis).

Public announcement about data on implementation of state budget estimates approved (on a quarter, semi-annual, nine-month, or annual basis), according to the Form No. 79 in the Appendix I enclosed with this Circular;

b) Regarding units using state budget-derived funds:

Public announcement about explanations for implementation of state budget estimates approved (on a quarter, semi-annual, nine-month, or annual basis).

Public announcement about data on implementation of state budget estimates approved (on a quarter, semi-annual, nine-month, or annual basis), according to the Form No. 79 in the Appendix I enclosed with this Circular.

3. Public announcement of final accounts of state budget-derived funds:

a) Regarding superior management units:

Public announcement about explanations for final accounts of state budget-derived funds approved by competent authorities.

Public announcement about data on final accounts of state budget-derived funds, according to the Form No. 80 in the Appendix I enclosed with this Circular;

b) Regarding units using state budget-derived funds:

Public announcement about explanations for final accounts of state budget-derived funds approved by competent authorities.

Public announcement about data on final accounts of state budget-derived funds, according to the Form No. 80 in the Appendix I enclosed with this Circular;

Article 29. Public budget announcement regarding state off-budget financial funds

1. Funds’ annual financial plans as assigned by competent authorities (including additional or adjusted plans (if any)); implementation of funds’ semi-annual and annual financial plans; and funds’ annual financial statements as approved by competent authorities shall be publicly announced.

2. Public announcement forms shall follow the forms in accordance with regulations on making of plans and reports on implementation and financial statements of funds.

Article 30. Public announcement about direct financial assistance provided by state budget for local residents

1. Policies on direct financial assistance provided by state budget for local residents, including allowances for people with meritorious service to the revolution; social relief policies; assistance policies applicable to the poor; victims of Agent Orange, etc. extraordinary state assistance policies applicable to individuals and residents, including disaster and disease recovery assistance; hunger relief assistance; visits and gifts on holidays and festivals, etc; procedures for granting approval and making payments to beneficiaries of state assistance policies as prescribed by law shall be publicly announced.

Results of approval and payment to beneficiaries of state assistance policies as prescribed by law shall be publicly announced.

2. Forms of public announcement about results of approval and payment to beneficiaries of state assistance policies as prescribed by law shall be consistent with the Form No. 81, Appendix I issued together with this Circular.

Article 31. Public announcement about budget-related procedures

Budget-related procedures shall be publicly announced in accordance with regulations in clause 3 Article 35 and clause 6 Article 37 of the Government’s Decree No. 73/2026/ND-CP.

Article 32. Agencies making public announcement

Agencies shall make public announcement according to regulations in Article 36 of the Government’s Decree No. 73/2026/ND-CP.

Article 33. Deadline for public announcement about state budget

The deadline for public announcement about state budget shall comply with regulations in Article 37 of the Government’s Decree No. 73/2026/ND-CP.

Article 34. Methods for publicly announcing state budget

Methods for publicly announcing state budget shall comply with regulations in point b clause 1 Article 15 of the Law on State Budget. If an agency/unit has its web portal, the public announcement on its web portal is mandatory.

Article 35. Reports on public announcement about budgets

1. Ministries, central authorities, and People’s Committees of provinces and cities shall report to the Ministry of Finance on data and documents on agencies’ and units’ public announcement about their budgets as prescribed in Article 36 of the Government’s Decree No. 73/2026/ND-CP; and at the same time, electronic report data must be uploaded to the national financial database (report data must be digitally signed in accordance with the 2023 Law on Electronic Transactions and relevant legal documents) and sent via the public state budget announcement portal (at https://ckns.mof.gov.vn) by the deadline specified in Article 33 of this Circular.

2. Central level-I budget estimate units shall prescribe reports on budget-using units’ public announcement about their budgets and state off-budget financial funds’ public announcement about their finances under their management.

3. Provincial People’s Committees shall prescribe reports on local budget estimate units’ and commune-level People’s Committees’ public announcement about their budgets

Article 36. Inspection and supervision of public announcement about budgets

Inspection and supervision of public announcement about budgets shall comply with regulations in Article 39 of the Government’s Decree No. 73/2026/ND-CP.

Chapter VIII

IMPLEMENTATION PROVISIONS

Article 37. Transitional provisions

1. The Law on State Budget No. 83/2015/QH13 amended by the Law No. 59/2020/QH14 and the Law No. 56/2024/QH15, the Government’s Decree No. 163/2016/ND-CP dated December 21, 2016, the Circular No. 342/2016/TT-BTC dated December 30, 2016 of the Ministry of Finance, the Circular No. 343/2016/TT-BTC dated December 30, 2016 of the Ministry of Finance and the Circular No. 344/2016/TT-BTC dated December 30, 2016 of the Ministry of Finance still apply to final accounts of state budget of 2024 and procedures and requirements for making of budget estimates of 2026.

2. Handling of increases or decreases in revenues and expenditures compared to budget estimates at the end of the 2025 budget year shall comply with regulations of the Law on State Budget No. 89/2025/QH15 and the Government’s Decree No. 73/2026/ND-CP. Scope for determination of shared revenues as a basis for payment of bonus for revenues in excess of those in the estimate and bonus in 2025 for lower level budgets shall comply with the Law on State Budget No. 83/2015/QH13.

3. Final accounts of state budget in 2025, including year-end settlement of state budget revenues and expenditures, requirements, making, approval, consolidation, deadlines, and procedures for final accounts of state budget shall comply with the Law on State Budget No. 89/2025/QH15, the Government’s Decree No. 73/2026/ND-CP and this Circular.

Article 38. Implementation clauses

1. This Circular enters into force from March 25, 2026 and is applied from the 2026 budget year. Regulations on decentralization of power over central government budget’s and local government budgets’ revenues (excluding levies on land and land rents specified in Articles 3 and 5 of this Circular) shall be applied from the 2027 budget year.

2. Clause 1, Section II of the Circular No. 19/2005/TT-BTC dated March 11, 2005, of the Ministry of Finance; the Circular No. 54/2006/TT-BTC dated June 19, 2006, of the Ministry of Finance; the Circular No. 342/2016/TT-BTC dated December 30, 2016, of the Ministry of Finance; the Circular No. 343/2016/TT-BTC dated December 30, 2016, of the Ministry of Finance; the Circular No. 344/2016/TT-BTC dated December 30, 2016, of the Ministry of Finance; the Circular No. 61/2017/TT-BTC dated July 15, 2017, of the Ministry of Finance; the Circular No. 90/2018/TT-BTC dated September 28, 2018, of the Ministry of Finance; the Circular No. 79/2021/TT-BTC dated September 21, 2021, of the Ministry of Finance shall cease to be effective from the effective date of this Circular.

3. Where any document cited in this Circular is amended or replaced, the newest document shall prevail.

4. Any problems and proposals that arise during the period of implementation should be promptly reported to the Ministry of Finance for settlement./.