Remove shortcomings in financial mechanisms for education and training

Financial mechanisms and policies are the motivation to realize a “dual goal” in 2020

Minister of Finance Ho Duc Phoc and Minister of Education and Training Nguyen Kim Son chaired the meeting. Photo: M.T

At the meeting, Minister Nguyen Kim Son thanked the Ministry of Finance for developing and allocating annual budget estimates, and making specialized polices for the education sector.

Minister Nguyen Kim Son hopes that the Ministry of Finance will continue to assist the education sector to implement goals and tasks for 2021-2025, meeting the Party’s requirement of “Development of education and training is the top priority and the key driving force for national development".

At the meeting, the representatives of the two ministries focused on discussing and seeking solutions to remove shortcomings and difficulties in performing the new general education program; implementing the the balance and allocation of resources in the entire sector in accordance with Resolution 37 and the Education Law 2019; giving priority to ODA loans to improve training capacity and facilities; strengthening decentralization for the Ministry of Education and Training in budget allocation and administration.

Speaking at the meeting, Finance Minister Ho Duc Phoc said: “Education and health are two extremely important sectors. The power of education and culture shows the strength of the nation.”

Therefore, the Government and the Ministry of Finance pay attention and give top priority to allocating resources and promptly removing difficulties and obstacles for education and training development.

Sharing the difficulties of the education sector in recent years, Minister Ho Duc Phoc agreed with the promulgation of a decree amending Decree No. 16/2015/ND-CP and some other legal documents to remove difficulties and obstacles in financial mechanisms and policies, management and use of public assets and socialization resource allocation for education and training.

Minister Ho Duc Phoc suggested that the specialized units of the two ministries need to coordinate and provide solutions and proposals to remove problems in the process.

In addition to creating an appropriate financial mechanism for education reform, it is necessary to pay attention to facilities and to innovate teaching methods, Minister Ho Duc Phuc suggested that the education sector needs to issue a special mechanism and to be supported from the central to the local level.