THE MINISTRY OF FINANCE
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No. 33/2006/TT-BTC
Hanoi, April 17, 2006
 
CIRCULAR
GUIDING THE MANAGEMENT OF CASH REVENUES AND EXPENDITURES MADE THROUGH THE SYSTEM OF STATE TREASURIES
Pursuant to the Government's Decree No. 77/2003/ ND-CP of July 1, 2003, defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
Pursuant to the Prime Minister's Decision No. 235/ 2003/QD-TTg of November 13, 2003, defining the functions, tasks, powers and organizational structure of the State Treasury under the Finance Ministry;
In order to enhance the management of state budget funds and to implement the state policies on monetary management, the Ministry of Finance hereby guides cash management through state treasuries as follows:
I. GENERAL PROVISIONS
1. All cash revenues and expenditures made through state treasuries shall be closely inspected and controlled so as to ensure efficient management of budget revenues and expenditures and at the same time step by step reduce the ratio of cash payment through the system of state treasuries and cut down expenses for vault operations.
2. All units funded by the state budget, units having transactions with state treasuries, communes, wards and townships (hereinafter referred collectively to as transaction units) which have cash payment shall strictly abide by current state regulations on cash management and the guidance in this Circular.
3. State treasuries shall conduct cash management within their internal system so as meet transaction units' demands for cash settlement and payment; and at the same time, coordinate with the State Bank and state-owned commercial banks where they open accounts so as to satisfy their cash demands.
4. Based on the prescribed levels of cash fund balance, state treasuries may retain revenues collected in cash so as to meet transaction units' demands for cash settlement and payment, and at the same time, make agreements with banks where they open accounts for units having transactions with state treasuries to withdraw cash amounts directly from these banks.
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