Proposing National Assembly to add more than VND2.5 trillion for recurrent spending estimates

VCN - On October 17, 2023, the National Assembly (NA) Standing Committee considered adding the 2023 State budget recurent spending estimates for ministries, central agencies, and localities. Vice Chairman of the National Assembly Nguyen Duc Hai chaired the meeting.
Piloting use of recurrent spending funds to renovate existing works Piloting use of recurrent spending funds to renovate existing works
Saving recurrent expenditures, cuts down on unnecessary expenditures Saving recurrent expenditures, cuts down on unnecessary expenditures
Budget revenue exceeds estimate Budget revenue exceeds estimate
VCN - On October 17, 2023, the National Assembly (NA) Standing Committee considered adding the 2023 State budget recurent spending estimates for ministries, central agencies, and localities. Vice Chairman of the National Assembly Nguyen Duc Hai chaired th

At the meeting, presenting the Proposal on adding the 2023 recurrent spending estimates for ministries, central and local agencies, Minister of Finance Ho Duc Phoc said, in clause 10 Article 3 Resolution No. 70/2022/QH15 dated November 11, 2022, of the NA on central budget allocation in 2023, the Government is assigned to urgently complete procedures and conditions for allocation in accordance with regulations on central budget expenditures which have been not yet allocated to ministries, central and local agencies; report to the NA for review and decision on urgent cases during the period between two NA’s sessions; submit to the NA Standing Committee for review and decision, and report to the NA at the most recent session with an amount of more than VND70.7 trillion.

Based on the proposals on adding the 2023 recurrent spending estimates of 32 ministries and central agencies with a total budget of VND4,642,858 million, the Ministry of Finance has summited Proposal No. 205/TTr- On October 2, 2023, to the Government to submit to the NA Standing Committee to report to the NA on supplementing VND2.5 trillion for the 2023 recurrent spending estimates for ministries, central agencies, localities.

Minsiter of Finance Ho Duc Phoc
Minsiter of Finance Ho Duc Phoc

Pursuant to Resolution No. 70/2022/QH15 dated November 11, 2022 of the NA, Decision No. 1506/QD-TTg dated December 2, 2022 of the Prime Minister, Resolution No. 163/NQ-CP dated December 4 October 2023 of the Government, the Government submits to the NA Standing Committee to add about VND2.5 VND trillion to 2023 state budget recurrent spending for ministries, central and local agencies.

Based on the above report, the Government submitted to the NA Standing Committee to report to the NA for approval of the draft Resolution of the NA on supplementing 2023 recurrent spending estimates for ministries, and central and local agencies. The proposal is expected to be submitted to the NA for review and approval at the sixth session in October and November 2023.

Head of the NA Committee for Finance-Budget Le Quang Manh said, according to stipulated in Clause 10, Article 3 of Resolution No. 70/2022/QH15, the Government's proposal to the NA Standing Committee for review and comments to submit to the NA for approval on supplementing the 2023 State budget recurrent spending estimates for ministries, central and local agencies is legal.

Many requested the Government to clearly report on the remaining funding that has not yet been submitted to the NA Standing Committee and the NA, to clarify the possibility of using this funding in the 2023 state budget year. In case of not using this funding, the Government is requested to promptly research and report to the competent authority to transfer it to other necessary and urgent tasks to avoid wasting resources.

Some suggested that the 2023 state budget year is almost over, if the funding is not allocated or is no longer used, it is necessary to cancel the estimate and reduce the central budget deficit to be proactive in mobilizing resources to offset overspending and reduce interest costs.

Mr. Le Quang Manh said that the Standing Committee of the Finance and Budget Committee recommends that the Standing Committee of the National Assembly allow the Government to submit to the National Assembly for review and decision on adding recurrent spending estimates to ministries, central and local agencies according to the provisions of Resolution No. 70/2022/QH15 at the 6th Session; assign the Government to take full responsibility for reviewing data, completing procedures, and ensuring sufficient conditions to allocate capital in accordance with the law. For the remaining amount which has not been yet allocated according to the provisions of Resolution No. 70/2022/QH15, the Government is requested to urgently review and report to the NA for review and decision.

In conclusion, NA’s Vice Chairman Nguyen Duc Hai requested the Government to listen to the opinions of inspection agencies and the State Audit and review and supplement documents according to regulations.

He said that the Government should review, and submit to the National Assembly and is responsible for each additional amount to the 2023 recurrent spending estimates for ministries, central and local agencies, and the accuracy of the data, necessity, completeness, and validity according to the provisions of the State Budget Law and relevant laws.

By Hoai Anh/ Huyen Trang

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