MoF implements measures for thrift practice and waste combat
MoF actively reforms procedures and reduces logistics costs for businesses | |
MoF accompanies businesses to overcome difficulties | |
MoF strives to achieve highest revenue target |
Drastically accelerate the disbursement of public investment capital plan in 2021. |
According to Decision No.253/QD-BTC dated March 4, 2021 on the implementation plan of the Government’s Master Program on thrift practice and waste combat in 2021 at the MoF, the MoF has provided key solutions for the effective performance of thrift practice and waste combat in 2021.
Specifically, strictly keep budgeting discipline, closely control the State budget deficit. Continue to restructure state budget expenditure towards efficiency and sustainability; maintain a reasonable structure between accumulation and consumption, increase the proportion of development investment expenditures, reduce recurrent expenditures, ensure expenditurefor people, social security and national defense and security.
Continue to follow the principles of openness and transparency and effectively implement thrift practice andwaste combat; review overlapping and ineffective policies and tasks, prioritize the implementation of expenditures according to their urgency, importance level and implementation capacity in 2021 to complete tasks, programs, projects and schemes approved by competent authorities.
Expand the tax base, strengthen revenue management; drastically take measures for combating revenue loss, transfer pricing, tax evasion, and tax debt collection.
Implement public debt management in accordance with the Law on Public Debt Management2017 and its guiding documents. The mobilization, management and use of loans must be associated with the restructuring of public investment and orientations for the mobilization and use of this capital in each period.
Closely review plans on the use of ODA and concessional loans of foreign donors. Resolutely eliminate unnecessary or ineffective projects. Allocate estimates of state budget expenditures from ODA and concessional loans of foreign donors for projects in accordance with the progress signed with donors, ability to meet reciprocal capital sources, progress of ground clearance and capacity of investors and projects funded by ODA and concessional loans from foreign donors. The loan allocation for recurrent expenditure tasks is not allowed.
Drastically accelerate the disbursement of the public investment capital plan associated with the efficient use of public investment capital. Implement the Law on Management and Use of public assets, and legal documents.
On December 31, 2020, Prime Minister Nguyen Xuan Phuc signed Decision 2276/QD-TTg promulgating the Government's master program on thrift practice and waste combat in 2021. The decision states that the development and implementation of the program is an important factor to create resources, contributing to overcoming consequences of the pandemic, natural disasters, climate change, and create momentum for recovery and development of the country's economy, and ensuring the completion of the socio-economic development plan for 2021.
Therefore, the thrift practice and waste combat in 2021 should focus on effectively implementing tasks, solving difficulties for production and business, ensuring social order and safety to restore and develop the economy, striving to achieve the highest target of socio-economic development and tasks set by the National Assembly to bring the GDP to 6%, and GDP per capita of about US$3,700.
Related News
The Government plans to borrow maximum of VND676,057 billion and repay debt of VND453,990 billion in 2024
10:39 | 04/04/2024 Finance
Minister of Finance Ho Duc Phoc works with WB Country Director for Vietnam
14:13 | 30/03/2024 Finance
Revenue from casino contributes about VND9,000 billion to the State budget
09:54 | 20/03/2024 Finance
Effectively implement the State's credit capital investments to attract borrowers
11:13 | 17/03/2024 Finance
Latest News
Strictly monitor market fluctuations to appropriately adjust prices
14:46 | 27/04/2024 Finance
Closely monitoring market fluctuations to consider appropriate time to adjust prices
09:30 | 26/04/2024 Finance
How does the Land Development Fund work effectively?
09:19 | 26/04/2024 Finance
Vietnam seeks to remove obstacles in upgrade of securities market
13:50 | 25/04/2024 Finance
More News
Price stability from supply increase and transparency in trading in gold market
09:42 | 25/04/2024 Finance
SBV takes more actions to stabilise foreign exchange rates
13:43 | 24/04/2024 Finance
Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT
10:35 | 24/04/2024 Finance
Corporate bond maturity in 2024 remains high: MoF
13:51 | 23/04/2024 Finance
Support clearance procedures for imported gold for bidding
09:33 | 23/04/2024 Finance
The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low
09:32 | 23/04/2024 Finance
Majority of credit institutions forecast profit growth in 2024
15:16 | 22/04/2024 Finance
Central bank plans to auction gold bars on April 22
18:00 | 21/04/2024 Finance
Old loans must endure higher interest rates temporarily: central bank
15:44 | 19/04/2024 Finance
Your care
Strictly monitor market fluctuations to appropriately adjust prices
14:46 | 27/04/2024 Finance
Closely monitoring market fluctuations to consider appropriate time to adjust prices
09:30 | 26/04/2024 Finance
How does the Land Development Fund work effectively?
09:19 | 26/04/2024 Finance
Vietnam seeks to remove obstacles in upgrade of securities market
13:50 | 25/04/2024 Finance
Price stability from supply increase and transparency in trading in gold market
09:42 | 25/04/2024 Finance