The road maintenance fund is a state fund, has the legal person status, its own seal and account opened at the State Treasury
The funding sources of the Road Maintenance Fund shall include the sources of funding from the central fund and funds of the local funds;
In particular, the central fund shall consist of: Central budget allocated from road toll collection to the central budget (65% of the total estimated toll revenue for road use throughout the country); the central budget allocates additional funds to the central fund; Revenues related to road use and other sources as prescribed by law.
Funds from the local budget, including central budget allocations for targeted local budgets from road toll revenue sources to the central budget (35% of total estimated toll revenue country); Local budgets shall be allocated to local budgets; Revenues related to road use and other sources as prescribed by law.
Funds for management and maintenance of national highways shall be ensured by central funds; Funds for management and maintenance of local roads shall be covered by local funds.
Provisions on the allocation of state budget funds to the central fund in the first quarter of the plan shall be based on the expenditure estimates for the maintenance and management of national highway works approved by competent authorities. co-management of the central fund shall request the Ministry of Transport to request the Ministry of Finance to allocate funds to the central fund's account, up to 25% of the annual expenditure estimate. According to the progress of work implementation and budget disbursement, the maximum level of the second quarter is 35% and the third quarter is maximum 20% of the annual and quarterly estimates, of year.
In case of allocation of state budget funds to local budgets, for targeted allocations from the central budget to local funds: Annually, basing themselves on the budget-targeted additional expenditures The provincial / municipal Finance Services shall allocate funds for local budgets to local budgets for road management and maintenance, which have been approved by competent authorities and notified by the Finance Ministry to each locality. according to the plan approved by the provincial People's Committee.
This Circular takes effect on August 1, 2017 and is applicable from the fiscal year 2017. Joint Circular No. 230/2012 / TTLT-BTC-BGTVT dated December 27, 2012 of the Ministry of Finance, The Ministry of Finance and the Ministry of Finance guiding the regime of management, payment and settlement of road maintenance funds (hereinafter referred to as Joint Circular No. 230/2012 / TTLT-BTC-BGTVT) shall cease to be effective as from the effective date of the circular. This is enforceable