Revising Vietnam's State Budget Law (2002) : Proposals Drawing on International Experience

This Policy Note is designed to inform the Government of Vietnam and National Assembly (notably the Committee on Finance and Budgetary Affairs, CFBA) discussions on the revision of the State Budget Law (SBL) (2002) by drawing on good international practices in budget management. It is part of the World Bank s ongoing policy dialogue with and advice to the Government and the National Assembly on revisions to the SBL (2002). The SBL (2002) has provided a strong basis for regulating Public Finance Management (PFM) in Vietnam since 2004, when the Law became effective. It has helped the government to allocate and spend public resources in an effective manner, thereby contributing to delivery of important public service outcomes. The SBL (2002), however, needs to be revised to enhance Vietnam s fiscal regulatory framework and accountability. The Policy Note covers seven broad areas including: (i) the coverage and layout of the SBL (2002); (ii) the budget framework for fiscal policy making; (iii) budget approval processes at the National Assembly and Provincial People s Councils; (iv) specific budget classification and definition issues; (v) intergovernmental fiscal relations; (vi) budget execution, accounting, reporting and audit; and (vii) extra-budgetary activities. The issues in the Policy Note were prioritized based on earlier discussions with representatives from the Government, National Assembly, and local authorities, and views expressed at the CFBA and United Nations international conference on SBL (2002) revision held in Ninh Binh at the end of September 2013.

Bibliographic Details

Main Author:	World Bank
Format:	Policy Note biblioteca
Language:	English en_US
Published:	World Bank, Vietnam 2014-04-08
Subjects:	ACCELERATED DEPRECIATION, ACCOUNTABILITY, ACCOUNTING, ACCOUNTING PROCEDURES, ACCRUAL ACCOUNTING, ACCRUALS, AMOUNT OF DEBTS, ANNUAL BORROWING PLAN, APPROPRIATIONS, ASSET SALES, AUDITING, AUDITS, AUTONOMY, BENEFICIARIES, BLOCK GRANTS, BOND, BOND ISSUANCES, BONDS, BORROWING, BUDGET ALLOCATIONS, BUDGET BALANCE, BUDGET CYCLE, BUDGET DEFICIT, BUDGET DEFICITS, BUDGET EXECUTION, BUDGET IMPLICATIONS, BUDGET PROCESS, BUDGET REVIEWS, BUDGETING, CABINET OF MINISTERS, CAPITAL ALLOCATIONS, CAPITAL BUDGETING, CAPITAL BUDGETS, CAPITAL EXPENDITURE, CAPITAL INVESTMENTS, CASH MANAGEMENT, CENTRAL AGENCIES, CENTRAL AUTHORITIES, CENTRAL BANK, CENTRAL BUDGET, CENTRAL GOVERNMENT, CENTRAL MINISTRIES, CENTRAL POLICIES, CENTRAL SPENDING, CITIES, CLAIMANTS, CONSOLIDATION, CONTINGENT LIABILITIES, CREDIBILITY, DEBT REPAYMENTS, DEBT SERVICING, DEBTS, DECENTRALIZATION, DEPOSITORS, DEPOSITS, DISPOSITION, DISTRICT, DISTRICTS, DIVIDENDS, DUE DEBT, ECONOMIC DEVELOPMENT, EFFICIENT USE, EFFICIENT USE OF PUBLIC RESOURCES, EXCESS REVENUES, EXCHANGE RATE, EXPENDITURE, EXPENDITURE ASSIGNMENTS, EXPENDITURE CEILINGS, EXPENDITURE MANAGEMENT, EXPENDITURE POLICIES, EXPENDITURE POLICY, EXPENDITURE PROGRAMS, EXPENDITURES, FEDERAL AUTHORITIES, FEDERAL DEBT, FINANCES, FINANCIAL ACCOUNTS, FINANCIAL CRISIS, FINANCIAL INFORMATION, FINANCIAL INSTITUTION, FINANCIAL MANAGEMENT, FINANCIAL MANAGEMENT SPECIALIST, FINANCIAL STATEMENTS, FISCAL BALANCE, FISCAL DEFICIT, FISCAL FRAMEWORK, FISCAL MANAGEMENT, FISCAL PERFORMANCE, FISCAL POLICY, FISCAL PROJECTIONS, FISCAL REPORTING, FISCAL STABILITY, FISCAL TRANSPARENCY, GOVERNMENT ACCOUNTING STANDARDS, GOVERNMENT BONDS, GOVERNMENT DEBT, GOVERNMENT POLICIES, GOVERNMENT REGULATIONS, GOVERNMENT REVENUE, GOVERNMENT SPENDING, GROSS DOMESTIC PRODUCT, INFLATION, INTEREST RATES, INTERGOVERNMENTAL FISCAL RELATIONS, INTERGOVERNMENTAL RELATIONS, INTERGOVERNMENTAL TRANSFERS, INTERNAL AUDIT, INTERNATIONAL COMMERCE, INTERNATIONAL DEVELOPMENT, INTERNATIONAL FINANCIAL INSTITUTIONS, INTERNATIONAL STANDARDS, INVESTMENT CAPITAL, INVESTMENT DECISIONS, INVESTMENT PROJECTS, INVESTMENT SPENDING, ISSUANCE, JUDGMENT, JUDICIARY, LAWS, LEGAL PROVISIONS, LEGAL REQUIREMENT, LEGISLATION, LEVEL OF GOVERNMENT, LEVELS OF DEBT, LIABILITY, LIQUIDITY, LOAN, LOAN REPAYMENTS, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, LOCAL REVENUE, LONG-TERM DEBT, LOTTERY, MACROECONOMIC FORECASTS, MEDIUM TERM FISCAL FRAMEWORK, MEDIUM-TERM APPROACH, MEDIUM-TERM EXPENDITURE, MEDIUM-TERM EXPENDITURE FRAMEWORKS, MEDIUM-TERM FISCAL, MINISTRY OF FINANCE, NATIONAL BUDGET, NEGOTIATIONS, NET TRANSFERS, OIL PRICE, OIL PRICES, OVERDUE DEBT, PEER REVIEW, PENSIONS, POLICY DECISION, POLICY DOCUMENT, POLICY OBJECTIVES, POLICY OUTCOMES, POLICY PRIORITIES, PRINCIPAL REPAYMENTS, PROVINCE, PROVINCE TO PROVINCE, PROVINCES, PROVINCIAL ADMINISTRATIONS, PROVINCIAL BORROWING, PROVINCIAL BUDGETS, PROVINCIAL COUNCILS, PROVINCIAL DEBT, PROVINCIAL GOVERNMENT, PROVINCIAL GOVERNMENTS, PROVINCIAL LEVEL, PROVINCIAL LEVELS, PUBLIC, PUBLIC DEBT, PUBLIC DEBT MANAGEMENT, PUBLIC DOMAIN, PUBLIC EXPENDITURES, PUBLIC FINANCE, PUBLIC FINANCE MANAGEMENT, PUBLIC FINANCES, PUBLIC FUND, PUBLIC FUNDS, PUBLIC INVESTMENT, PUBLIC POLICY, PUBLIC SERVICE, RECURRENT EXPENDITURE, REGULATORY FRAMEWORK, RESERVE, RESERVE FUNDS, RESERVES, RETURNS, REVENUE ESTIMATES, REVENUE PROJECTIONS, REVENUE SHARING, REVENUE SHORTFALL, REVENUE-RAISING MEASURES, SALARY, SALE OF ASSETS, SOLVENCY, STATE BUDGET, SUB-NATIONAL, SUB-NATIONAL DEBT, SUB-NATIONAL GOVERNMENTS, SUBNATIONAL, SUBNATIONAL AUTHORITIES, SWAP, TAX, TAX BASE, TAX CREDITS, TAX DEFERRALS, TAX EXPENDITURE, TAX EXPENDITURES, TAX LIABILITY, TAX RATE, TAX RATES, TAX SHARING, TAX SHARING ARRANGEMENTS, TAX TREATMENT, TITLE, TOTAL EXPENDITURE, TOTAL EXPENDITURES, TRANSPARENCY, TRANSPARENCY CODE, TRANSPORT, TREASURY,
Online Access:	http://documents.worldbank.org/curated/en/2014/04/20334144/revising-vietnams-state-budget-law-2002-proposals-drawing-international-experience http://hdl.handle.net/10986/20795
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