Last year, the State Treasury fulfilled its tasks by modernizing state budget collection to create favourable conditions for tax payers nationwide, as well as assisting businesses to surpass their state budget revenue estimates. This is a breakthrough in administrative reform in the management of the state budget’s revenues.

Regarding management over state budget’s spending, last year, the State Treasury controlled nearly VND380 trillion, discovered 43, 000 cases of illegal spending, and refused payments of nearly VND280 billion. In addition, the disbursement rate reached more than 90 percent regarding spending for capital construction investment.  

Ta Anh Tuan, the State Treasury’s deputy director said that in 2011, the agency will cooperate with the financial sector to implement tasks on state budget management and carry out some major reforms, including the building of an information system on the state budget management.