Basic funds comply with financial regulations
Clause 19, Article 4 of the 2015 State budget Law stipulates: Off-budget State Finance Funds are funds established by competent authorities, operating independently of the state budget, revenue sources, and expenditure tasks of the fund to perform tasks according to the provisions of law.
According to Report No. 609/BC-CP of the Government on the implementation of the 2024 financial plan and the expected 2025 financial plan of non-budgetary financial funds managed by the Central Government, there are currently 22 funds managed by ministries and central agencies.
8 funds with large capital, revenue and tasks, of which public funds include social insurance funds, unemployment insurance funds, health insurance funds managed by Vietnam Social Insurance (accounting for 91.4% of the total number of TCNS Funds) under the active mechanism; Other TCNS Funds still exist inadequate in the legal system of management and use of funds, unclear law, lack of legal documents to unify the management: Fund accumulation of debts, Vietnam's public telecommunications service fund, tobacco harm prevention fund, Vietnam forest protection and development fund, small and medium -sized enterprise development funds.
It is estimated that by the end of 2024, the source balance of funds was about VND 1,476.6 trillion, an increase of 3.97% compared to 2023. The balance of 3 funds managed by Vietnam Social Insurance accounted for 91.4% of the total balance of funds; There are 4 funds with a balance of less than VND 100 billion; 8 funds have a balance of VND 100-1,000 billion; 8 funds have a balance of over VND 1,000 billion. Basically, these funds have used finance according to the regulations of the State and internal spending regulations; In accordance with the goals and tasks assigned ...
The SAV assessed that the performance of the tasks of non -budget financial funds has contributed to improving the efficiency in the assigned tasks such as: Managing insurance, accumulating public debts, loans with preferential interest rates, supporting environmental protection projects, science and technology projects, innovative innovation activities, businesses, cooperatives, and support for telecoms, support for telecommunications, support for telecommunications, support for telecommunications, support for telecommunications, support for telecommunications, support for telecommunications, support for telecommunications, support for telecommunications, support for telecommunications, support for telecommunications, to support the activities Doing abroad, supporting job creation, support for people with meritorious services to the revolution or relatives facing difficulties, compensating for losses, sacrifices and hardships in the prevention and control of crimes and being a source of encouragement and encouragement for collectives and individuals to continue fiercely fighting against crimes and drugs, improving the efficiency of ensuring security and order and socio -economic development of the country ...
However, in addition to the positive aspects, the results of the audit of the management and use of non-budgetary state financial funds managed by the Central Government in the 2020-2023 period show that the operation of these funds still has many shortcomings and limitations.
Currently, legal regulations related to the organization and operation of funds are designed in 3 groups: Regulations in law and decree, according to the Decision of the Prime Minister, according to the Decision of the Central agency. In fact, the funds are organized according to 4 main methods: Specialized model, public service unit model, single-member LLC model and models that have not been specifically regulated.
Moreover, the management apparatus between funds is also lacking in synchronization. Some funds are managed by concurrent officials of ministries and branches, so there are no costs; while many other funds have built their own organizations, including: management boards, control boards and fund management boards, leading to increased staffing and costs...
One of the major shortcomings of the current budget financial fund system is the duplication of the task of spending with the state budget and the Social Policy Bank. For example, the National Science and Technology Development Fund, the National Technology Innovation Fund, the National Fund for Employment or Gratitude Fund have the same content with the state budget.
Some funds even directly provide financial services in parallel with the Social Policy Bank. Some funds also stipulate the content of expenditures that are not specific, typically the Public Telecommunication Service Fund.
Completing mechanisms and policies for fund management
From the reviews of audited non-central financial funds, the State Audit made a number of recommendations.
Accordingly, study the management mechanism for TCNNS funds managed by the Central Government in the direction of distinguishing between public funds operating under the fund's charter and specialized laws (including: Social Insurance Fund, Health Insurance, Unemployment Insurance and Debt Payment accumulation Fund) and the remaining TCNNS funds with appropriate management mechanisms.
Regarding the organizational model, researching and arranging the Central Committee for BI -SDC, managed by the Central Government to ensure effective use of state budget resources. Arranging the management model of funds in a streamlined and efficient manner, at some funds may not necessarily organize its own apparatus, but only the ministry and industry determine the criteria and criteria to enjoy incentives from the fund and entrust commercial banks and policy banks for businesses to borrow and enjoy incentives according to the fund's mission.
Regarding salary regime, study and review regulations on salary payment for non-central financial funds to ensure consistency and fairness compared to other agencies under the state apparatus and commensurate with the implementation of assigned tasks, conduct assessments of the activities of funds, avoid the case where the fund mainly uses capital to deposit at banks but still receives high income at the income level for a single-member limited liability company with 100% charter capital held by the State.
Regarding the performance of funds, researching and reviewing the mission and objectives of the funds. On that basis, propose appropriate measures and mechanisms to ensure the funds operate properly, fulfill the mission and goals that have been determined when established. At the same time, it is necessary to review the duties of funds to avoid duplication of the tasks of the state budget.
The State Audit also recommended that the Ministry of Finance consider coordinating with ministries to conduct a detailed review of the situation of capital use at all funds, thereby identifying this as one of the criteria for evaluating the effectiveness of funds' operations.
Topical audit results The management and use of non-budget financial funds managed by the Central Government for the period of 2020-2023 at the Foreign Employment Support Fund show that the implementation of the fund's goals and the functions and tasks of the fund management agencies are still inadequate, such as: ineffective implementation, many tasks must be canceled or the implementation rate is low; a number of tasks are low compared to the plan or excess compared to the need (printing books and documents serving workers to work abroad compared to demand); The mechanism of financial operation has not guaranteed the basis for the fund to operate under the model of public non -business units to ensure recurrent expenditures and investment spending.
