The Government Inspectorate has discovered several cases of malfeasance related to accounting and dispersal of the state budget and treasury.

Government Inspectorate finds budgetary malfeasance

The agency has reached the conclusion after conducting an audit of the treasuries of many cities and provinces and transaction offices.

A total of VND130.16 billion (USD6.12 million) was misappropriated from the state budget.

The agency also found that in some cases the state treasury’s accounting showed large differences from the of expenses provable by receipts. Such discrepancies sometimes reached hundreds of billions of VND.

Inspections also showed that a number of localities misallocated a total of an estimated VND78.6 billion (USD3.7 million) from the state treasure between 2010 and June 2012.

Several cities and provinces have advanced funding for investment projects but have yet to allocate the funding.

A total of 468 projects in 17 cities and provinces were not approved for advances by the Ministry of Finance but still received a combined VND1.176 trillion (USD55.36 million) from municipal and provincial governments.

While 148 projects in 14 cities and provinces received advances totaling a combined VND328.1 billion (USD15.44 million) more than what the ministry had approved.

Twelve cities and provinces got advances totaling VND2.46 trillion (USD115.81 million) and did not disburse the funds to the approved projects, but added it to their budgets.

Yen Bai Province received VND 20 billion in 2010 and VND 100 billion in 2011 but instead of investing into the approved projects in the area, the local People's Committee sent all to their budgets. The number was VND 122.8 billion in Thai Nguyen Province (in 2009), and VND 2 trillion in HCM City (in 2012).