blue-check New regulations on financial autonomy of public administrative units

Decree No. 60/2021/ND-CP dated June 21st, 2021 of the Government on prescribing the financial autonomy of public administrative units
Posted: 23/6/2021 12:43:03 PM | Latest updated: 8/1/2022 1:06:02 PM (GMT+7)

This Decree provides for new regulations on exercising the financial autonomy of public administrative units.

“financial autonomy mechanism of public administrative units” means a set of regulations on autonomy to the implementation of list of public administrative services; prices, fees and roadmap for pricing public administrative services; classification of financial autonomy levels; autonomy to use financial sources; autonomy to perform joint-venture, cooperation or association activities; management and use of public assets.

According to the regulations at Article 9, levels of financial autonomy of public administrative units are classified into 4 groups: self-covering both recurrent and investment expenses (group 1); self-covering recurrent investment expenses (group 2); self-covering part of its recurrent expenses (group 3) and public administrative units of which recurrent expenses are covered by state budget (group 4)

From 2022, public administrative units shall make plans to exercise their autonomy for 05-year stabilization period (using the form in Appendix II of this Decree) and submit them to their superior agencies for approval

This Decree comes into force from August 15, 2021.

To replace Decree No. 16/2015/ND-CPstatus1 dated February 14, 2015, Decree No. 54/2016/ND-CP dated June 14, 2016, Decree No. 141/2016/ND-CP dated October 10, 2016 and Decree No. 85/2012/ND-CPstatus1 dated October 15, 2012.

The units that have been granted the financial autonomy in accordance with earlier regulations shall continue implementing the plans to exercise financial autonomy approved by competent authorities until the end of 2021.

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