Politics

NA’s eighth session: deputies scrutinize State budget-related issues

NA deputies discussed measures to ensure stability of the State budget collection during the afternoon sitting of the ongoing eighth session of the 14th National Assembly (NA), which opened on October 21.
NA’s eighth session: deputies scrutinize State budget-related issues ảnh 1At the sitting on October 21 (Source: VNA)

Hanoi (VNA) – NA deputies discussed measures to ensure stability of the Statebudget collection during theafternoon sitting of the ongoing eighth session of the 14th National Assembly (NA), whichopened on October 21.

Participants listened to a Government report on the implementation of the Statebudget in 2019, and debated the State budget estimate and theallocation for 2020, and a verification report on the work.

Presenting the verification report, headof the NA’sFinance - Budget Committee Nguyen Duc Hai praised efforts and highlyresponsible coordination by the Government, ministries, sectors and localities,the business community and the financial sector to overcome difficulties andchallenges in order to successfully accomplish the set tasks.

However, he also suggested that the Government take stronger measures to promotedomestic production and business, towards ensuring stability of the Statebudget collection.

It is necessary to have solutions to collect unpaid tax debts, and strictlymanage export-import activities to increase collection and arrears in the field,Hai stressed.

He mentioned outstanding issues concerning the State budget spending, and pointedout that in some localities, the regular budget spending has decreased slowly, whilemany localities are unable to balance the budget.

Notably, the disbursement of development investment resources remains slowly,reaching only 49.1 percent of the plan assigned by the Prime Minister, he said.

Hai said the committee agrees with the Government report onoverspending evaluation and State budget balance in 2019; and the Government’s proposalof the State budget collection estimate for 2020, which is hoped to yearly increaseby 3.8 percent.

NA deputies also commented on the State budget spending plan for 2020, andissues related to salary reform.

Regarding public debt, the committee agreed with the Government report, which saysthat by the end of 2020, the public debt is expected to stand at 54.3 percentof GDP, while the Government debt and the country’s foreign debts will be 48.5percent and 45.5 percent of GDP, respectively.

The committee asked the Government to clearly report to the NA at this sessionon all debts related to the State budget./.
VNA
#NA deputies #State budget collection #eighth session #14th National Assembly #verification report #State budget estimate #budget collection #Vietnamplus #Vietnam News #Vietnam News Agency
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