Allocation of the State Budget estimates in 2017

Ensuring the expense of State Budget is tightly controlled and saving in the allocated buget. Source: Internet

Specifically, the Prime Minister assigned the State budget estimates in 2017 for Ministries, ministerial-level agencies, Government agencies, other central agencies, Vietnam Electricity, the Agriculture and Rural Development Bank of Vietnam and other provinces and cities.

The Prime Minister assigned the Ministry of Finance, Ministry of Planning and Investment to guide the Ministries, ministerial-level agencies, Government agencies, other central agencies, Vietnam Electricity, Agriculture and Rural Development Bank of Vietnam and other provinces and cities to implement the State budget estimates in 2017 under the provisions of the State budget Law in 2015 and the Public investment law.

Ministries, ministerial-level agencies, Government agencies, People's Committees of provinces, centrally-run cities and agencies and other relevant organizations within the management, are responsible for supervising and speeding up States’ enterprises to fully pay any remaining tax profit into the State budget after setting up the fund as prescribed; directing representatives of the State capital to encourage enterprises to submit promptly the revenue dividends into the State budget, profits are divided by the State stake in the joint-stock company, or limited liability company which has two or more employees.

Using revenue from lottery operations

Balancing the revenue collection in locality from the lottery operation, then using the entire revenue to invest in development. In particular, the provinces in the North, Central and Tay Nguyen are arranged at least 60%, the Southeastern provinces and the Mekong River delta arranged at least 50% of the obtained estimate. The People's Council at local level will make decisions to invest in education - training and health care.

The localities will arrange at least 10% of revenue estimates in order to supplement funding for the tasks of the national target program to build up new rural areas. The remainder (if any) shall be allocated to works to cope with climate change and other important works subject to investment of local budgets.

Prioritize the allocation of sufficient funding, resources management to ensure food safety; proactively allocate the expenses equivalent to the collection of fines in administrative violations of food safety that pay in to local budget. Then investing in technical equipment and inspection, testing and destroying unhealthy food.

From 2017, proactive arrangement in paying debts of local government which are expenditure estimates for investing in development; arrange for repayment of principal in accordance with the provisions of the State budget Law which is take from the surplus of local revenue collection, increase incomes, savings and new loans in 2016.

Ensuring tight budget expenses, savings

Based on the allocated estimates of revenues and expenditures of the State Budget 2017, leaders of ministries, ministerial-level agencies, Government agencies, other central agencies, Vietnam Electricity Corporation, Agricultural and Rural Development Bank of Vietnam and the provinces and cities allocate the revenues and expenditures of the State budget estimates for subordinate units. To ensure State budget expenditure, including expenditure from ODA loans and preferential loans that are managed closely, and savings within the allocated budget.

Investment spending estimates developed from the State budget which are allocated for projects on the expected list are in the medium term arrangement State budget in the period of 2016 - 2020 have approval for full investment, prioritize to speed up the process, complete the programs and important projects of national and imperative work in progress. Furthermore, supported housing for people; arrange funds for programs and ODA projects and investment projects in the form of public-private partnership (PPP); Payment allocation fund for construction debt payment from December 31th 2014 that are not arranged for the payment. Do not arrange the capital plan in 2017 for projects to September 30^th 2016 disbursements under 30% of the capital plan in 2016, unless there is an objective reason.

Especially, investment spending estimates for developing local budgets, after allocating adequate funds in the order of priority described above, if there is any new source, it will consider allocating funds for new starting projects that hace completed all procedures as prescribed by law.

Accelerate the implementation of the mechanism of autonomy of business units associated with the implementation the roadmap must correctly and fully value the business services, and on that basis, reducing direct support for the single public service delivery, dedicated support resources to increase spending for the poor and policy beneficiaries, create sources for wage reform and support business units to improve quality of service.

Balancing funding for implementing base salary adjustments in 2017

From July 1^st 2017, implementing the adjustment of base salary from 1.21 million VND/month to 1.3 million/month; at the same time, the adjustment of pensions, social insurance subsidies and preferential treatment of subsidies has increased by base salary increases.

Ministries, ministerial-level agencies, Government agencies, other central agencies on the basis of State budget estimates assigned to arrange detailed tasks and strive to increase business revenues to balance sources the adjustment of base salary in 2017.

The provinces and cities continue to implement mechanisms to create sources for wage reform in 2017 from a part of income which was left under the regime of the agency or unit; Save 10% on recurrent expenditure (excluding salaries and allowances as wages, salaries and payments in the nature of expenditures for the man in the regime); 50% increased revenue of the local budget (excluding land use fees, lotteries) and funding for wage reform in 2016 transferred to surplus (if any).

Central budget funding has to ensure the adjustment of pensions, social insurance allowances, and subsidy incentives with the public; support to increase a part of the wage for some localities that have tough situation in balancing sources as defined in regulation.