(KPL) Minister of Finance Mr Somdy Douangdy has issued decision No 1124 imposing 10 prohibitions for financial officials and civil servants at all levels to obey.
The decision, dated April 10, 2017 prohibits officials and civil servants from making fake reports.
The minister stated in the decision that the move is to ensure the achievement of planned revenue collections and to combat corruption and address public criticism of crimes committed by officials and civil servants in the finance sector.
The decision bans the making and reporting of incorrect and groundless information, taking sides, conspiring and concealing the activities of those violating laws and rules on customs, tax, state properties, lands, state budget, and other financial rules.
It also imposes a ban on any acts that delay the consideration and approval process of documents for direct and indirect personal, family, relative and collective gains as well as serving as a broker, accounting consultant or chief accountant for business operation purposes, prosecution, and creating favourable conditions for individuals and organizations to smuggle, conceal customs, tax charges, and state properties, among others.
Vice President Phankham Viphavanh said last month that organisation directors will be dismissed if it is proved that their organisations or people under their supervision are corrupt.
The vice president said that the move was to prevent corruption from escalating and to create public trust of the leadership of the Party and government.
Mr Somdy stated in the decision that the finance sector plays an important role in the national economy and currently the Party and government and the ministry of finance are focusing on the implementation of the revenue collection plan, as revenue collection for 2017 is set to be 23.941 trillion kip (USD 2.85 billion), with the spending plan set to be 32.402 trillion kip (USD 3.99 billion).
The trade deficit this year is expected to be 8.461 trillion kip (USD 1.04 billion).