Economists caution that an expansionary fiscal policy must be applied prudently as prolonged or broad tax and fee cuts could increase budget deficits and public debt risks.
The National Assembly (NA) spent the 9th day of its third session in the 15th tenure on discussing socio-economic issues, the 2020 State budget balance, and wastefulness prevention in 2021.
The National Assembly (NA) has issued a Resolution on the allocation of non-refundable aid capital, adjustments to state budget expenditure estimate and approval of state budget balance in 2018.
The National Assembly has chosen the topic for its supreme supervision in 2020 to be the implementation of the laws and policies on the prevention of and fight against the abuse of children through a voting on June 3.
Lawmakers will work in groups discussing the supplementary assessment of the implementation of the socio-economic development plan and State budget in 2018 and early 2019, and the State budget balance in 2017, during the seventh meeting of the 14th National Assembly in Hanoi on May 22 morning.
Lawmakers heard the Government’s reports on State budget balance and State budget balance audit in 2016 in the afternoon of May 21, the first day of the fifth session of the National Assembly (NA).
The National Assembly heard reports on State budget balance and audit in 2015 by government members during a working session in Hanoi on May 22, under the chair of NA Vice Chairman Phung Quoc Hien.