Phung Quoc Hien, Head of the National Assembly's Committee for Finance and Budget, presents a report at the plenary session (Source: VNA)Hanoi (VNA) - National Assembly deputies approved a resolution on the State budget estimate for 2016 and gave their opinions on several draft laws during a plenary session in Hanoi on November 11.
The resolution projects the budget revenue at 1,019.2 trillion VND (45.86 billion USD), while total spending will be 1,273.2 trillion VND (57.3 billion USD), resulting in a deficit of 254 trillion VND, equivalent to 4.95 percent of GDP.
Next year, 60 trillion VND (2.7 billion USD) worth of Government bonds will be issued to invest in projects using Government bond capital decided by the legislature.
The debate on the draft Vietnam Maritime Code (revised) focused on the right to inland transportation and other issues regarding maritime safety, sea ports, vessels and fees and prices of maritime services.
During the afternoon session, the deputies looked into the draft Law on Access to Information and the draft Law on Fees and Charges.
The list of fees and charges, principles to decide levels of fees and charges, fee exemption and reduction and prohibited deeds were among the lawmakers’ most concerns.-VNA
