62 localities spend VND4,360 billion to support over 4.7 million entities

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According to the Ministry of Labour, Invalids and Social Affairs, the fund for policy implementation is estimated at VND26,252 billion, including the state revenue, refinancing via Bank for Social Policy and the Insurance Fund of Occupational accident and Disease, and the Unemployment Insurance Fund worth VND 2,150 billion, VND7,456 billion and VND16,646 billion, respectively.

To follow Resolution 68, the central budget is expected to spend VND1,520 billion from the central budget reserve in 2021, which has been decided by the National Assembly.

As of September 27, 62 localities spent total State budget of VND4,360 billion to support 4,768,967 entities.

The Ministry of Finance has received written proposals for support from eight localities of Ben Tre, Bac Lieu, Khanh Hoa, Ninh Thuan, Tay Ninh, Bac Giang, Hau Giang, Hai Duong. However, only Hau Giang province has reported in accordance with regulations, so the Ministry of Finance has allocated VND3,676 million to the province.

Other localities have only reported the fund for implementation of policies according to Resolution 68, and have not asked the fund certified by the State Treasury.

Therefore, the Ministry of Finance has requested localities to urgently report actual expenditures for implementation of policies and the number of entities enjoyed policies under Resolution 68 and Decision 23 to serve as a basis for the Ministry to determine the central budget fund for local budgets.