The 10th session of the 13th National Assembly (Source: VNA)
National Assembly deputies heard the government reports on the State budget estimate for 2015 and budget allocation for 2016 during a plenary session in Hanoi on October 20.

The NA’s Committee for Finance and State Budget basically agreed to the government’s reports on the 2015 State budget and principles on the 2016 budget allocation, saying that regular and development-driven spending should be in accordance with regulations and put towards poor, ethnic minority and disaster-stricken localities.

The committee also accorded importance to agriculture, farmers and rural areas as well as infrastructure projects.

On the national target programmes for 2011-2015, the committee hailed achievements recorded in 16 of them and agreed that they should be rearranged into the National Target Programmes on new rural construction and the National Target Programmes on sustainable poverty reduction.

It also gave nod to specific goals mentioned in such programmes.

About a scheme on using redundant government bonds for projects on upgrading National Highway 1A and a section of Ho Chi Minh Trail through the Central Highlands, the committee suggested spending them on dealing with contingencies and relevant sub-projects that ensure its progress.

Also in the afternoon, legislators heard a report on diversifying the maturity of and issuing government bonds at international capital market.

On October 21, they are due to examine a report on the draft Law on export-import tariff and discuss the draft Law on accounting.-VNA