Politics

NA adopts resolution on central budget allocation for 2021

The 14th National Assembly (NA) adopted a resolution on central budget allocation for 2021 during its ongoing 10th session in Hanoi on November 13.
NA adopts resolution on central budget allocation for 2021 ảnh 1At the session (Photo: VNA)

Hanoi (VNA) - The 14th National Assembly (NA) adopted a resolution oncentral budget allocation for 2021 during its ongoing 10th sessionin Hanoi on November 13.

Of 451 lawmakers present, 449 votedin favour, or 93.15 percent.

According to theresolution, total central budget revenue is to surpass 739.4 trillion VND (31.9 billion USD) whilelocal budget revenue will hit 603.9 trillion VND (26 billion USD).

Total central budget spending is to stand at over 1 quadrillion VND (43 billion USD).

The Government willallocate State budget funds for ministries, central agencies and localities to implement policies and projects under national targetprogrammes.

The legislatureassigned the Government to instruct ministries, centrally-run cities and provinces,and central agencies to allocate Stage budget funds in order of priority, in line withthe Law on Public Investment and resolutions of the NA and its StandingCommittee./.

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