Prime Minister assigns State budget estimates in 2020

	Efforts of local tax departments in fulfilling the state budget target appreciated
	Strengthen the transparency via publishing Budget Report for citizens
	Budget deficit will continue to fall in 2019

Illustrative photo: internet

Specifically, the Prime Minister assigns the 2020 state budget estimates to ministries, central agencies, Vietnam Electricity Corporation and provinces and centrally run cities.

The Prime Minister authorized the Minister of Finance to assign 2020 state budget estimates to the ministries, central agencies and provinces and centrally run cities the following collection and spending tasks. Collecting charges and fees within the state budget of ministries, central agencies; spending for environmental protection of provinces and centrally run cities; spending for national scientific and technological tasks; spending for training and retraining cadres and civil servants; recurrent spending for national target programs and target programs.

The Prime Minister assigned specific tasks to ministries, sectors and localities to implement the 2020 state budget estimates. Of which, ministries, central agencies, People's Committees of provinces and centrally run cities and other relevant agencies and organizations within the scope of their assigned state management, shall take charge of urging State enterprises to fully remit into the state budget the remaining after-tax profit after provisions as prescribed; directing the representative of the State capital portion to urge the enterprise to promptly submit to the State budget the revenue from dividends and profits received from the State capital in joint-stock companies and two-member or morelimited companies.

At the same time, ministries, central agencies, People's Committees of provinces and centrally-run cities and agencies continue to strictly follow the policy of human resource streamlining and apparatus arrangement in astreamlined and efficient way; renovating management mechanism, financial mechanism, reorganizing the system of public non-business units. On that basis, restructuring and restructuring public non-business units. Thereby, restructuring the state budget in each area and reducing direct support from State budget to public non-business units.

For the local budgets, the funding set aside from the reduction of expenditures to support regular administrative activities and support to public non-business units, shall be used on the following principle: Spending 50 percent of the addition for salary reform to pay additional wages due to the increase in the principal wage in eachrespective spending field; spending the remaining 50 percent to pay for local social security policies and pay for the task of strengthening the facilities of the respective field. The expenditures for each content shall be decided by localities according to their competence prescribed in the State Budget Law.

The Prime Minister assigned the Ministry of Finance to strictly control the central budget deficit, the local budget deficit and the loan level of the local budget; take positive measures to reduce overspending; strengthen inspection and supervision of loans, use of the loans and repayment, especially for newagreements on loans, foreign loans, and government guaranteed loans not to surpass the public debt ceiling limit.

New financial regulations on auction of land use rights VCN- The Ministry of Finance has just issued Circular No. 48/2017/TT-BTC on financial regulations in assets auction ...

The Prime Minister also asked the provinces and centrally run cities to strive to increase their revenues, save the spending and use funds for wage reform of the redundant local budget to implement social security policies issued by the Central Government, reduce requests for support from the central budget to implement social security policies; arrange expenditures to ensure fund for important tasks and new tasks in 2020 and allocate adequate fund for issued policies.