On the morning of January 12, at the press conference summarizing the key work of the State Treasury system in 2023, the State Treasury representative said that as of December 31, 2023, the total amount of money donated to the COVID-18 Vaccine Fund was VND 10,871 billion (including interest on bank deposits of VND 229.4 billion).
Expenditure from the Fund is VND 7,672.2 billion. Of which, expenditure for purchasing and using vaccines is VND 7,667.6 billion; expenditure for supporting vaccine research and testing is VND 4.6 billion. The Fund balance as of the end of December 31, 2023 is VND 3,198.7 billion.
According to the representative of the State Treasury, in 2023, the COVID-19 Vaccine Fund will continue to be strictly managed, publicly and transparently according to Decision No. 779/QD-TTg dated May 26, 2021 of the Prime Minister .
The Fund's funds are used to support the purchase of vaccines and research and production of vaccines domestically, as approved by the Prime Minister and proposed by the Ministry of Health. The Ministry of Health presides over and coordinates with the Ministry of Finance to synthesize funding needs and submit them to the Prime Minister for decision on spending from the fund.
Implementing the principle of preserving and developing the Fund, based on the Ministry of Health 's spending plan, the Fund's idle capital capacity and the market situation, the Fund Management Board has organized the implementation of term deposits at commercial banks according to the principle of competitive bidding for interest rates, ensuring publicity and transparency in accordance with regulations.
Currently, the Fund publicly discloses its Financial Report and the list of organizations and individuals contributing periodically on the State Treasury's Electronic Information Portal.
Providing more information about the State Treasury's fund management, Ms. Tran Thi Hue - Deputy General Director of the State Treasury - said that according to common practices in fund management, since 2017 the State Treasury has submitted to the Ministry of Finance and competent authorities to improve the efficiency of the cash flow that the State Treasury is managing.
"Previously, the cash flow that the State Treasury was managing was only deposited without term at commercial banks to serve payment needs. However, over the years, the balance has been relatively stable, if we do not use it, it would be a waste, so the State Treasury submitted and the Government issued Decree 24 to use the cash flow during the temporarily idle period.
The number 1 priority when using that source of money is to lend or advance to the central or local budgets, and if the central or local budgets no longer have a need, the State Treasury will deposit it for a term at commercial banks," Ms. Hue informed.
In addition, Ms. Hue said, the State Treasury uses idle money to buy back government bonds in circulation with a prescribed time of up to 3 months.
Source
Comment (0)