THE MINISTRY OF FINANCE
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 64/2006/TT-BTC
Hanoi, June 30, 2006
 
CIRCULAR
GUIDING THE IMPLEMENTATION OF THE PRIME MINISTER'S DECISION NO. 42/2006/QD-TTG OF FEBRUARY 16, 2006, ON A NUMBER OF PREFERENTIAL BUDGETARY AND FINANCIAL MECHANISMS FOR CAN THO CITY
Pursuant to the Government's Decree No. 60/2003/ND-CP of June 6, 2003, detailing and guiding the implementation of the State Budget Law;
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. 42/2006/QD-TTg of February 16, 2006, on a number of preferential budgetary and financial mechanisms for Can Tho city;
The Ministry of Finance hereby guides the implementation of a number of preferential budgetary and financial mechanisms for Can Tho city as follows:
A. GENERAL PROVISIONS
1. This Circular guides the implementation of regulations on preferential budgetary and financial mechanisms for Can Tho city, including the mechanism for budgetary management and the mechanism for mobilization of financial sources for development investment in Can Tho city.

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2. Apart from preferential budgetary and financial mechanisms specified in the Prime Minister's Decision No. 42/2006/QD-TTg of February 16, 2006, and guided in this Circular, the city shall observe general provisions on financial and budgetary management in the State Budget Law, the Government's Decree No. 60/2003/ND-CP of June 6, 2003, the Finance Ministry's Circular No. 59/2003/TT-BTC of June 23, 2003, and other legal documents on finance and budget.
B. SPECIFIC PROVISIONS
I. ON BUDGETARY MECHANISMS
1. On the allocation of investment capital through ministries and central agencies and investment supports from the central budget for key projects in the city.
1.1. In the 2006-2010 period, based on the municipal budget's capital-allocating capacity and the central budget's capital-balancing capacity, annually capital shall be allocated and supports shall be provided from the central budget for the execution of important projects of Can Tho city and the Mekong River delta provinces on the list of projects defined in Item a, Clause 1, Article 1 of the Prime Minister's Decision No. 42/2006/QD-TTg of February 16, 2006.
1.1. Principles for capital allocation and support: For investment projects managed by the city, targeted partial supports shall be provided from the central budget to the municipal budget for execution. For projects located in the city but managed by ministries or central agencies, capital shall be allocated from the central budget through these ministries or central agencies for execution by the following methods:
1.2.1. For investment projects managed by the city: Annually, before July 25, the municipal Finance Service shall coordinate with the Planning and Investment Service and other relevant services in assisting the municipal People's Committee in, on the basis of each project's total investment capital amount already approved by competent authorities and divided for execution on a yearly basis, reporting on the project's execution schedule and capital demand in the planned year, clearly determining the amount to be allocated from the city budget, the amount to be supported from the central budget and other financial sources according regulations, to the Ministry of Finance and the Ministry of Planning and Investment for sum-up and reporting to the Government which shall submit to the National Assembly for decision the level of targeted additional allocation from the central budget to the city budget for each project in the annual budget estimates.
1.2.2. For investment projects located in the city but managed by ministries or central agencies: Annually, on the basis of the projects' total investment amounts already approved by competent authorities and project execution schedules in the planned year, ministries and agencies having relevant projects shall estimate their capital demands and report them to the Ministry of Planning and Investment and the Ministry of Finance before July 25 for sum-up and reporting to the Government for submission to the National Assembly for decision according to the provisions of the State Budget Law.
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