Nearly 2.3 billion USD in state capital saved in 2022: Gov't report

Minister of Finance Ho Duc Phoc delivers the Government's report on thrift practice and wastefulness prevention in 2022 at the 15th NA's fifth session on May 23. (Photo: VNA)

Hanoi (VNA) – Almost 53.9trillion VND (2.29 billion USD) in state capital was saved in 2022 as reportedby ministries, sectors, and localities, according to the Government.

On behalf of the Government, Ministerof Finance Ho Duc Phoc delivered a report on thrift practice and wastefulnessprevention last year in front of the 15th National Assembly (NA) atthe ongoing fifth session on May 23.

He said that thanks to proactivegovernance, the state budget spending tasks in 2022 basically reached theirtargets.

In particular, the Government haspushed ahead with carrying out the Party Central Committee’s Resolution No 19-NQ/TWon reforming the organisation and management, and improving the quality and efficiencyof non-business public units, with a focus on perfecting the mechanisms andpolicies on financial autonomy.

The implementation of fixed spendingand financial autonomy in ministries, sectors, and localities last year saved over3.49 trillion VND, of which 1.17 trillion VND was saved by Hanoi and another1.22 trillion VND by Ho Chi Minh City, Phoc noted.

The Prime Minister issued a decisionon a general programme on thrift practice and wastefulness prevention for 2023 thatfeatures eight focal tasks and four groups of measures, theofficial added.

Legislators at the fifth session of the 15th NA (Photo: VNA)

Reading the verification report,Chairman of the NA's Finance-Budget Committee Le Quang Manhsaid that the committee basically agreed with the Government’s report andhighly valued the Government, ministries, sectors, and localities’ activenessand determination to achieve encouraging results in thrift practice andwastefulness prevention in 2022.

However, he went on, the Government’sreport didn’t assess or analyse improvements in the organisation of thriftpractice and wastefulness prevention; or sufficiently point out problems, shortcomings,causes, and responsibilities for the management and use of public investmentcapital, recycled resources, renewable energy, and digital resources, amongothers.

Notably, Manh underlined the sluggishimplementation and many problems of the three national target programmes onnew-style rural area building, sustainable poverty reduction, andsocio-economic development in ethnic minority and mountainous areas, which haveeroded the effectiveness of investment capital use and wasted state funding.

The NA committee also gave someproposals to the Government and the PM to help with thrift practice and wastefulnessprevention./.

VNA