Revising regulations on financial mechanism for science and technology:Minister of Finance
Minister of Finance: Without controlling the maximum selling price, social housing to fall into the commercial channel | |
Ministry of Finance suggests not implement 50% reduction in car registration fee |
32 National Assembly deputies participate in questioning, with 20 delegates asking questions and 12 debating on science and technology. Photo: Quochoi.vn |
Building framework and ceiling for budget spending for science and technology
Accordingly, delegate Nguyen Tuan Anh (Binh Phuoc delegation) proposed the Minister assess the efficiency and specify data related to development investment spending and total state budget expenditure for science and technology from 2017 to currentdate.
Minister of Science and Technology Huynh Thanh Dat said this is an actual situation in Vietnam. The Minister said the Ministry has a solution to ensure effective expenditure for science and technology. However, it is not possible to determine the exact development investment spending for science and technology in the localities. Therefore, the Minister said that it is necessary to amend the current regulationsto make development policies in this field.
While restructuring national science and technology tasks for 2021-2023, the Ministry of Science and Technology has approved 19 science and technology programs with scientific products and specific evaluation criteria.
“These contents are the basis for forming the framework on the quantity as well as the ceiling level of the state budget allocated for scientific tasks in these programs. It is an effectivesolution to ensure the framework and ceiling for budget spending,”said Minister Huynh Thanh Dat.
Regarding funding for science and technology tasks, the Minister said that in 2023, the total recurrent expenditure for science and technology is VND12,000 billion, including VND8,800 billion of the central budget and VND3,200 billion of the local budget. About VND900 billion of the central budget is spent on salaries and apparatus operation. Therefore, the rate for science and technology tasks accounts for 89%.
The Ministry is coordinating with the Ministry of Finance to amend the Joint Circular No. 27/2015/TTLT-BKHCN-BTC on thefund assignment mechanismfor state budget-funded scientific and technological tasks, simplifying procurement and payment procedures and records.
"If we implement the fund assignmenteffectively to the final product, the records will be reduced by half or only one-third," said Minister Huynh Thanh Dat.
Minister of Finance Ho Duc Phoc answers the National Assembly. Photo: Quochoi.vn |
Revising fund assignment mechanisms forscientific and technological tasks
Minister of Finance Ho Duc Phoc said that in 2023, the total expenditure for science and technology accounts for 0.82%, investment expenditure at 0.23%, and recurrent expenditure at 0.58%. In 2022, the budget expenditure ratio was 1.01%.
Regarding budget expenditure settlement, the Government has issued Decree No. 95/2014/ND-CP on investment and financial mechanisms for science and technology activities. The Ministry of Finance and the Ministry of Science and Technology have issued Circular 27 on fund assignment, based on efficiency and output results for spending. This Circular assigns the initiative to the leading units and the project manager to adjust expenditure items, spending contents, and allocatedfunds. For the fund not assigned, the spending will be implemented upon the proposal of the leading organization and approved by the competent authority.
Minister Ho Duc Phoc said that the control of expenditures has shifted from expenses under invoices and documents to expenditures under work lists. This shows the open mechanism in implementing fund assignmentsin science and technology. However, there are still areas for improvement in selecting and assigning research topics and tasks, so the fund is assigned late. Besides, the fund assignmentis done based on documents, causing difficulties in the process of conducting scientific research.
In the near future, the Ministry of Science and Technology will lead, the Ministry of Finance will coordinate with other ministries and sectors to amend Decree 95 and Circular 27 to be more appropriate, based on opinions of scientists, people to revise the provisions of the law to ensure openness, initiative, based on the output of the work to perform effectively.
Regarding the management mechanism of science and technology, Minister Ho Duc Phoc said that it is necessary to re-design to be more suitable. The state should order and pay for ordered products. The order may be implemented via bidding or contractor appointment, thereby making estimates, selecting research organizations that guarantee output products, and making payment more convenient. Along with that, it is necessary to stipulate the transfer and application of research topics into practice to meet the actual requirements.
Minister of Planning and Investment Nguyen Chi Dung also said that the central government has spent in accordance with the provisions of the resolutions of the National Assembly and the Law on Public Investment; theallocation is implemented effectively. However, from 2017 to 2023, the expenditure ratio gradually reaches only 1.1-1.18%, and only 0.83%in 2023 alone. While the Resolution of the Central Government and the Politburo stipulates that this ratio is from 2% or more of the total budget expenditure for science and technology andinnovation, and increases gradually over the years.
"This shows that the ministries and local agencies have not really paid attention, there is no projectmeeting principles and criteria for capital allocation. Some localities do not allocate capital or assign a very low rate for the activities," Minister Nguyen Chi Dung pointed out.
Related News
Minister of Finance Ho Duc Phoc joins ASEAN meetings
11:46 | 06/04/2024 Finance
Science and technology enterprises still have limited to access to preferences
10:45 | 15/04/2024 Import-Export
Minister of Finance Ho Duc Phoc works with WB Country Director for Vietnam
14:13 | 30/03/2024 Finance
Fiscal policy - A pivotal milestone in promoting economic recovery and growth
00:09 | 10/02/2024 Finance
Latest News
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
More News
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
State-owned enterprises flourished
14:15 | 19/04/2024 Finance
Your care
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
SBV takes more actions to stabilise foreign exchange rates
13:43 | 24/04/2024 Finance