Politics

NA Standing Committee approves adjustment to 2025 central budget allocations

Over 1.448 trillion VND (54.84 million USD) from the Ministry of Construction’s budget for economic activities this year will be distributed as targeted funds for provincial and municipal People’s Committees.

National Assembly Vice Chairman Nguyen Duc Hai speaks at the 49th meeting of the NA Standing Committee on September 5. (Photo: VNA)
National Assembly Vice Chairman Nguyen Duc Hai speaks at the 49th meeting of the NA Standing Committee on September 5. (Photo: VNA)

Hanoi (VNA) – The National Assembly (NA) Standing Committee on September 5 afternoon agreed on adjustments to the 2025 central budget expenditure estimates relating to the Ministry of Construction and targeted supplements for provincial and municipal People’s Committees.

Basing on the Government’s proposal, the NA Standing Committee approved the reallocation of over 1.448 trillion VND (54.84 million USD) from the Ministry of Construction’s budget for economic activities this year, to be distributed as targeted funds for provincial and municipal People’s Committees.

As a result, the ministry’s planned allocation for economic activities this year after the adjustment is estimated at 20.205 trillion VND, of which 11.151 trillion VND is earmarked for road-related activities.

In addition, 10 billion VND previously transferred into the ministry’s 2025 budget will be reallocated to the northern province of Phu Tho to implement the national target programme on sustainable poverty reduction. This adjustment is in line with Resolution No. 1342/NQ-UBTVQH15 of the NA Standing Committee, dated December 30, 2024, and Decision No. 1713/QD-TTg of the Prime Minister.

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Standing Committee members present voting at the event. (Photo: VNA)

Concluding the session, NA Vice Chairman Nguyen Duc Hai affirmed that the NA Standing Committee supports the proposal of the Government, which has to take full responsibility for the accuracy of figures and to ensure the timely, effective, and purposeful use of the funds, avoiding waste, loss or misuse.

All of the Standing Committee members present voted in favour of the proposal./.

VNA
#NA Standing Committee #Ministry of Construction #National Assembly #targeted supplements #provincial and municipal People’s Committees
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