Budget expenditure in the first three quarters of 2024 reached about VND 1,256.3 trillion

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Investment spending in the first three quarters was estimated at approximately VND 320.6 trillion, representing 47.3% of the National Assembly's approved estimate and 47.29% of the Prime Minister's assigned plan. This figure showed a decrease in both value (by about VND 42.7 trillion) and proportion compared to the same period last year. According to the Ministry of Finance, disbursement in 2023 reached VND 363.3 trillion, equivalent to 51.38% of the government's assigned plan.

Meanwhile, debt interest payments were estimated at VND 77.3 trillion, equaling 69.2% of current appropriation. Recurrent expenditure was estimated at VND 856.5 trillion, representing 68% of the estimate, while reserve spending reached 81.1% of current appropriation.

The Ministry of Finance assessed that budget expenditure tasks in the first three quarters were executed according to the plan, focusing on ensuring the needs for socio-economic development, national defense, security, and state management, as well as settling due debt payments and ensuring timely payment of salaries and salary-related payments to beneficiaries of the state budget.

Specifically, the central budget allocated VND 11.4 trillion from the 2024 reserve to supplement funding for national defense and security tasks, and to support localities in carrying out important, urgent, and extraordinary tasks; funding for disease prevention and control, and post-disaster production recovery. Notably, VND 350 billion was allocated to support eight localities to recover from the consequences of storm No.3 and stabilize people's lives.

Regarding support for overcoming the consequences of storm No.3, at a meeting with voters of Binh Dinh province on the eve of the 8th session of the 15th National Assembly on the afternoon of September 30th, Deputy Prime Minister Ho Duc Phoc stated that storm No.3 caused nearly VND 82 trillion in damages, severely affecting the country's socio-economic development.

In this context, the Government and the Prime Minister took decisive and timely action. The Prime Minister decided to release rice and national reserves. Accordingly, 400 tons of rice were released to flooded provinces; many national reserve equipment such as tarpaulins, generators, and lifebuoys were released; and over VND 400 billion was supported from the central budget reserve for localities affected by the storm.