Illustrative image (Source: VNA) Accordingly, the economy is expected to grow 6.4-6.8 percentin 2018. Localities are asked to forecast their 2018 gross regional developmentproduct (GRDP) based on figures of the first half of 2017 in centrally-runcities and provinces announced by the Ministry of Planning and Investment’s GeneralStatistics Office and their local realities.
About the State budget estimate for 2018, revenue to theState budget will account for nearly 21 percent of the gross domestic product(GDP) while budget collection from exports-imports will increase at least 5-7percent against 2017.
On State budget spending, the PM requests practising thrift fromstages of planning to implementation.
Capital allocation must be in line with regulations beforebuilding any public investment plan 2018.
Priority must be given to the national target programmes andother approved ones with a view to reducing poverty and developing agriculture,especially in mountainous and disaster-hit areas, as well as projects involvinghealth care, education, information technology, and key infrastructure.
Projects and programmes using State budget 2018 must be inthe list of mid-term public investment, excluding emergency ones in line withthe Law on Public Investment.
Regular spending estimate must be in accordance with theNational Assembly’s resolutions and Prime Minister’s Decision.
The direction targets ensuring 20 percent of the total Stateexpenditure for education-training, and 2 percent for science-technology.
Ministries, agencies and localities are required to save 10percent of regular State spending and half of revenues from local budgetcollection, as part of efforts for salary reform scheme.-VNA
VNA
