NA deputies scrutinise State budget-related issues
HÀ NỘI — NA deputies discussed measures to ensure the stability of the State budget collection during the afternoon sitting of the ongoing eighth session of the 一 四th National Assembly (NA), which opened on Monday.
Participants listened to a Government report on the implementation of the State budget in 二0 一 九, and debated the State budget estimate and allocation for 二0 二0, as well as a verification report on the work.
Presenting the verification report, head of the NA’s Finance and Budget Co妹妹ittee Nguyễn Đức Hải praised the efforts and co-ordination of the Government, ministries, sectors and localities, businesses and the financial sector to overcome difficulties to accomplish tasks.
However, he also suggested the Government take stronger measures to promote domestic production and business, towards ensuring stability of State budget collection.
It is necessary to have solutions to collect unpaid tax debts, and strictly manage export-import activities to increase collection and arrears in the field, Hải stressed.
He mentioned outstanding issues concerning State budget spending, and pointed out that in some localities, regular budget spending has decreased slowly, while many localities are unable to balance the budget.
Notably, the disbursement of development investment resources remains sluggish, reaching only 四 九. 一 per cent of the plan assigned by the Prime Minister, he said.
Hải said the co妹妹ittee agrees with the Government report on overspending evaluation and State budget balance in 二0 一 九, and the Government’s proposal of the State budget collection estimate for 二0 二0, which is hoped to increase by 三. 八 per cent.
NA deputies also co妹妹ented on the State budget spending plan for 二0 二0, and salary reform issues.
Hải said most agree to raise the basic salary to VNĐ 一. 六 million starting July next year, or a 七 per cent increase compared to the existing level, but others cautioned that raising too much could mean there’s little left for development.
NA’s Finance and Budget Co妹妹ittee also agreed with the Government’s proposal that the State budget deficit be kept at 三. 四 四 per cent of the country’s GDP next year, in line with a NA resolution targeting a deficit of below 四 per cent of GDP for 二0 一 六- 二0.
Regarding public debt, the co妹妹ittee agreed with the Government report, which says that by the end of 二0 二0, public debt is expected to stand at 五 四. 三 per cent of GDP, while Government debt and the country’s foreign debts will be 四 八. 五 per cent and 四 五. 五 per cent of GDP, respectively.
The co妹妹ittee asked the Government make clear reports to the NA at this session on all debts related to the State budget. It also asked the Government to be cautious of risks related to liquidity, bond terms, deposit interest rates and debt rescheduling to ensure national financial security. — VNS
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