The Government promulgates the Decree No.25/2017/ND-CP on state financial reports. This Decree prescribes contents of state financial reports; compilation and disclosure of state financial reports; and responsibility of agencies, units and localities to provide information for compilation of state financial reports.
A report on state finance is a general financial report which reflects all information on property; payables; and funds of the State nationwide or within a province at the closing time of the reporting period.
+ Contents of a report on state finance:
State property: State property includes all property assigned by the State to the units prescribed in Clause 1, Article 2 of this Decree for possession, management and use in accordance with regulations: cash and cash equivalents; receivables; inventory goods; financial investment; granted loans; tangible fixed assets; unfinished capital construction; intangible fixed assets; and other property.
+ Payables of the State: Payables of the State include debts of the Government, debts of local administrations and other amounts payable by the units prescribed in Clause 1, Article 2 of this Decree.
+ Funds of the State: Funds of the State include funds for forming property; accumulative surplus (or deficit) of financial operations and other funds.
A report on state financial operation results is a general financial report which reflects revenues, expenditures and results of financial operations of the State nationwide or within a province in the reporting period.
Contents of a report on state financial operation results:
+ Revenues of the State:
Revenues of the State include state budget revenues (tax revenues; charge and fee revenues; crude oil and natural gas revenues; revenues from the State’s capital contributions and investments; revenues from non-refundable aid and other revenues) and non-state budget revenues arising in the reporting period of the units prescribed in Clause 1, Article 2 of this Decree.
+ Expenditures of the State:
Expenditures of the State include expenditures paid by the state budget (wage and remuneration expenditures and other expenditures for humans; expenditures for goods and services; wear and tear costs; support and additional expenditures; loan interest costs and loan-related charges and fees and other expenditures) and non-state budget expenditures arising in the reporting period of the units prescribed in Clause 1, Article 2 of this Decree.
+ State financial operation results:
The result of financial operations of the State is the difference between the revenues and expenditures of the State in the reporting period, which reflects the surplus (revenues higher than expenditures) or deficit (revenues lower than expenditures) of financial operations of the State.
A cash flow report is a general financial report which reflects the cash flow, including flows of cash collected from and paid for major activities, investment activities and financial activities in the reporting period; the balance of cash and cash equivalents of the State at the closing time of the reporting period nationwide or within a province.
Contents of a cash flow report:
+ Cash flow from major activities of the State: The cash flow from major activities of the State is the flow of cash arising from regular activities of the State rather than investment or financial activities.
+ Cash flow from investment activities of the State: The cash flow from investment activities of the State is the flow of cash arising from the procurement, construction, liquidation and sale of long-term property and other investment activities outside cash equivalents of the State.
+ Cash flow from financial activities of the State: The cash flow from financial activities of the State is the flow of cash arising from the borrowing and repayment of loans and other financial activities of the State.