Illustrative image (Source: VNA) Under the report, recently released by the Ministryof Finance, state budget expenditures would be 2.07 quadrillion VND, arise of 16.3% as compared with this year’s estimate.
Meanwhile, the country’s GDP is expected to growabout 6.5% and GDP per capita income would reach some 4,400 USD. The manufacturingand processing sector is set to make up from 25.4 - 25.8% of the national GDP and theconsumer price index (CPI) would increase by around 4.5% in the year. The povertyrate is hoped to reduce 1-1.5%.
The State budget overspending is projected at 455.5trillion VND, equivalent to 4.42% of the national GDP.
The report also introduces major solutions relatingto financial and State budget management in the year, focusing on responding tocomplicated changes in the domestic and international situation, maintaining macro-economic stability, controlling inflation and ensuring major economicbalances.
It mentions consolidating the State budgetcollection system, and amending, supplementing and perfecting tax managementinstitutions to ensure the accurate and timely collection of taxes and fees.
The responsibility of leaders of relevant agencies willbe promoted and unnecessary expenditures will be cut, according to thereport./.
VNA
