The National Assembly resolves to set the total central budget revenue at 1,020,164 billion VND.
Accordingly, the National Assembly resolves to set the total central budget revenue at 1,020,164 billion VND and the total local budget revenue at 946,675 billion VND.
The National Assembly permits the use of 60,000 billion VND from the central budget accumulation for salary reform and 50,619 billion VND from the local budget accumulation for the same purpose until the end of 2024, with any remaining funds to be transferred to the 2025 budget estimates of ministries, central agencies, and localities to implement the base salary of 2.34 million VND/month.
The National Assembly also resolves to set the total central budget expenditure at 1,523,264 billion VND.
According to the Resolution, for agencies and units with special financial and income mechanisms in the central region as approved by competent authorities, the National Assembly permits the allocation of funds to ensure salaries, allowances, contributions as prescribed by regulations, additional income, and regular expenditure according to the prescribed norms and the specific tasks of these agencies and units (excluding the State Bank of Vietnam and the Vietnam Social Security) in accordance with Report No. 41/BC-CP dated October 16, 2024 of the Government.
Allocate the initial regular expenditure estimate according to Government Decree No. 165/2016/ND-CP dated December 24, 2016 for the tasks prescribed in Clause 1, Article 6 of the Law on Public Investment in the field of security and defense expenditure (including the task of supporting the central budget’s non-business funds for some localities to carry out the task of mobilization). reserves)
For the State Bank of Vietnam, the surplus of revenue over expenditure of the State Bank of Vietnam shall be paid to the state budget, including the operating expenses and management expenses of the State Bank of Vietnam.
In the process of implementation, after the competent authority decides to amend or abolish the special financial and income mechanisms, the Government shall, on the basis of the provisions of law, decide on matters within its competence in accordance with the provisions of law on adjusting the estimates of these agencies and units, and summarize and report to the National Assembly at the nearest session.
Tightening Financial Discipline and Discipline
The National Assembly requests the Government to direct and guide ministries, central agencies, and provinces and centrally-run cities to allocate capital investment capital from the state budget, ensuring concentration, focus, compliance with conditions, order of priority in accordance with the Law on Public Investment, Resolutions of the National Assembly, Resolutions of the Standing Committee of the National Assembly; full payment of arrears of construction investment capital in accordance with the law; recover the entire amount of pre-paid capital to be recovered in the medium-term public investment plan for the 2021-2025 period; arrange enough capital for projects that have been completed and put into use before 2025, counterpart funds for projects using ODA capital and preferential foreign loans, state budget capital participating in PPP projects, preparation tasks investment, planning tasks, projects to be continued in 2025; arrange capital according to the progress of important national projects, inter-regional connecting projects with a significant impact on promoting socio-economic development, projects to be continued in accordance with progress; after arranging enough capital for the above tasks, the remaining capital shall be arranged for new projects with sufficient investment procedures in accordance with the law.
Tighten financial discipline and discipline, strictly handle violations and obstacles that cause slow progress in capital allocation, implementation, and disbursement; individualize the responsibility of the head in case of slow implementation and disbursement, associating it with the assessment of the completion of assigned tasks…
The Art of Restructuring: A Guide to Efficiently Merging Legislative Bodies
In the recently announced reorganization and streamlining of the political system’s apparatus, there are plans to reduce the number of National Assembly committees by four and eliminate one agency directly under the National Assembly Standing Committee.
The Congressional Shuffle: Streamlining with a Four-Committee Cut
The research proposal on the organizational structure of some of the National Assembly and the National Assembly Standing Committee was presented by Mr. Le Minh Hung, a Politburo member and Secretary of the Party Central Committee, and Head of the Central Organization Commission, at a conference held on December 1st.
The Congressional Secretary: We’ll Soon Announce the Results of Streamlining the Apparatus of the National Assembly’s Agencies
The Secretary-General of the National Assembly, Le Quang Tung, announced that the results of the streamlining of the National Assembly’s apparatus are expected to be released between late December 2024 and January 2025.
The Government Hasn’t Proposed Adjustments to Personal Income Tax Exemptions
Mr. Vu Tuan Anh, a permanent member of the Finance and Budget Committee, stated that the government has not yet proposed any adjustments to the personal income tax exemption.
The New Party Secretaries of Lang Son and Hau Giang Provinces
On December 1st, the Executive Committee of the Provincial Party Committees of Lạng SÆ¡n and Háºu Giang held elections for the position of Provincial Party Secretary for the 2020-2025 term.
