State Audit Adds US$277Bln to Coffer

The State Audit of Vietnam (SAV) has helped supplement VND4.41 trillion (US$277 million) to the 2005 state budget via auditing agencies and enterprises in the country.

 

The figure was made public for the first time yesterday August 17 on the Vietnam 2005 Auditing Annual Report.

 

SAV general auditor Vuong Dinh Hue said that his agency last year audited the 2004 state budget balance-sheet report, budget balance-sheet reports and financial reports of 30 provinces and cities, 11 ministries and government agencies, nine large projects, 19 state-owned corporations and financial-banking institutions, and 24 units operating in defense, security and Party finance areas.

 

The SAV has suggested collecting more VND789 billion to the state budget revenue and reducing expenditure of VND708 billion from the coffer.

 

The financial management in audited entities has been improved significantly; however, some long-standing shortcomings and wrongdoings were found in most of state-owned firms.

 

The SAV also submitted recommendations to the government, including the amendment of financial and property management regulations in management units under ministries, branches and local administrations.

 

The Government should regulate specific responsibility of individuals and agencies in order to create basis to settle wrongdoings.
VNA