About 14.7 percent of the State budget revenue, or 150 trillion VND (6.7 billion USD), will be spent on paying debt in 2016, the Ministry of Finance (MoF) revealed on March 22.
The 46 th session of the National Assembly (NA) Standing Committee opened in Hanoi on March 7, expecting to complete preparations for the 11th meeting of the 13th NA scheduled for this month.
The total State budget revenue topped 160 trillion VND (7.27 billion USD) in the first two months of this year, up 2.4 percent annually, according to the Finance Ministry.
The Prime Minister has decided to allocate 85.1 billion VND (3.8 million USD), sourced from the central State budget reserve in 2015, to six drought-hit localities.
As Vietnam's economy shifts further toward a market economy, art and entertainment establishments, which used to be under the sponsorship of the state now have to sink or swim on their own merits.
The Government has promulgated a Resolution underlining key measures to realise the socio-economic development plan and State budget estimates in 2016.
The total state budget revenue in January was 95 percent of the revenue year-on-year due to about 66 percent fall in crude oil revenue, the Ministry of Finance said.
The Prime Minister has agreed to add 2,275 disadvantaged villages in 48 provinces and cities nationwide to the investment list for Programme 135 in the 2016-2020 period.
Malaysian Prime Minister Najib Razak said the recalibrated State budget for 2016 means to ensure the economy is still in the strong growth orbit, and guarantee social welfare of the citizens.
Delegates to the ongoing 12th National Party Congress continued debating documents in the afternoon of January 22, under the chair of Politburo member and President Truong Tan Sang.
The People’s Committees of provinces and centrally-run cities were ordered to allocate the State budget for the implementation of the national target programme on new-style rural areas in 2016.
The Ministry of Finance has developed different scenarios that consider future impacts of oil price slumps for a more flexible management of the state budget in 2016, said Minister Dinh Tien Dung.
Minister of Finance Dinh Tien Dung said in a recent interview on VTV that one of the key tasks that his ministry will fulfill this year is to balance the state budget.
The Government has promulgated a Resolution underlining key measures to realise the socio-economic development plan and State budget estimates in 2016.
The beverage industry contributed 30 trillion VND (1.3 billion USD) to the State budget last year, according to the Vietnam Beer, Alcohol and Beverage Association (VBA).
The PM has decided to allocate 130 billion VND (5.72 million VND) sourced from the 2015 State budget to help ten provinces affected by storms and floods repair their damaged essential infrastructure.
Vietnam has set goals for GDP to grow by 6.5-7 percent and inflation to be kept at around 5-7 percent in the next five years, the Ministry of Planning and Investment said.
Society
