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Under the Action Program for the implementation of Resolution No. 79-NQ/TW promulgated together with Resolution No. 29/NQ-CP, with respect to off-budget state financial funds, the Government requires ministries, agencies, and local authorities to review and finalize relevant legal provisions governing the operation of off-budget state financial funds in order to enhance the effectiveness and efficiency of management of such funds.
In addition, overlapping, ineffective, and development-inappropriate off-budget funds shall be urgently reviewed, consolidated, and dissolved; the number of focal points shall be reduced to increase scale and improve the efficiency of capital utilization of the funds; inspection and supervision of the management and use of the funds shall be strengthened; and digital transformation, disclosure of information, and disclosure of operational results shall be promoted.
The consolidation and dissolution of off-budget state financial funds shall be carried out in accordance with the following principles:
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Conduct a comprehensive review and assessment of operational effectiveness and the degree of overlap in objectives, tasks, and beneficiaries; consolidate funds with similar functions and tasks;
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Dissolve funds that operate ineffectively and are no longer suitable for development requirements; reduce focal points to increase scale and improve the efficiency of capital utilization;
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Ensure openness and transparency;
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Fully settle assets, sources of capital, financial obligations, and the lawful rights and interests of related organizations and individuals.
The formulation and implementation of a plan to reform off-budget state financial funds shall follow the direction of:
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Entrusting the financial management of funds to banking institutions and professional finance companies;
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State agencies focusing solely on formulating criteria and conditions for the mobilization and disbursement of capital from the funds.
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Mobilizing socialized resources and reducing dependence on the state budget.
At the same time, the strict non-establishment of new off-budget state financial funds shall be implemented, except for urgent and essential cases as required by the Politburo and the Central Committee of the Communist Party of Viet Nam.
