Decree on the State Treasury
关于国库的法令
ດຳລັດ ວ່າດ້ວຍຄັງເງິນແຫ່ງຊາດ
Summary
This Decree stipulates principles, regulations, and measures for the management, administration, and operation of the state treasury, centralizing all state funds into a unified national treasury system, and defining the status, powers, organizational structure, fund and account management, accounting, responsibilities of parties, prohibitions, supervision and inspection, and related policies and penalties.
Articles
Article 1
Purpose. This Decree stipulates principles, regulations, and measures concerning the management, administration, and operation of the State Treasury, aiming to uniformly centralize all state funding sources into the State Treasury system, achieving uniformity nationwide, making the State Treasury’s services efficient, fast, transparent, monitorable, and auditable, thereby strengthening state financial management and contributing to the national socio-economic construction and development.
Article 2
State Treasury. The State Treasury is a specialized administrative agency responsible for managing and handling state funds, which uniformly centralizes state funds nationwide into treasury accounts under a vertical system.
Article 3
Terminology. The terms used in this Decree-Law shall have the following meanings: 1. State financial sources refer to State budget funds, loan funds, and gratuitous aid funds from domestic and foreign sources, State funds, the treasury deposits of budget units, specialized administrative agencies, and State enterprises deposited in the State treasury system; 2. Orderer (Authorizer) refers to a Minister, the head of an equivalent ministerial-level agency, a provincial governor, or a city mayor, responsible for organizing the implementation of the budget plan within their sector and locality as assigned by the Government; 3. Treasury accountant refers to a treasury official performing account management duties within the treasury system; 4. State accountant refers to an official performing account management duties in budget units, specialized administrative agencies, and State funds, as assigned by the orderer; 5. Payment settlement refers to the procedure of payment between the payee and the client, or the transfer of funds by book entry from one account to another, handled by the treasury; 6. Deposits within the treasury system refer to funds of State agencies, State funds, specialized administrative agencies, and State enterprises related to the State budget, pending account settlement; 7. Guarantee deposit refers to funds deposited by natural persons or legal entities for bidding, project implementation, or a State business, pending account settlement; 8. Centralized treasury account refers to the consolidation of deposit accounts of State agencies, State funds, and specialized administrative agencies deposited in the account system of State-owned banks or other financial institutions, placed under treasury management; 9. Budget unit refers to State agencies, the Lao Front for National Construction, and mass organizations authorized by the Government to formulate, organize implementation, and finalize the State budget; 10. State fund refers to an institution established with the approval of the Government, responsible for collecting revenues into the State budget and executing expenditures in accordance with regulations approved by the Government; 11. Vault refers to a place for storing cash and valuables; 12. Valuables and securities: Valuables refer to monetary items, gold, diamonds, gemstones, and antiques; Securities refer to bonds, mortgage contracts, property certificates, and guarantees; 13. Deposits related to the State budget refer to funds of budget units, State funds, and funds deposited by legal entities into the treasury as guarantees for bidding, project implementation, or a State business, as well as deposits pending account settlement; 14. Financial investment refers to the use of treasury funds for investment in securities markets through lending, share purchases, bond purchases, etc., to generate profit.
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