Proposal not to increase public sector salaries and pensions in 2025

The Government recommends that in 2025, it will not consider increasing pensions, public sector salaries, or preferential allowances for people with meritorious services.

Deputy Prime Minister, Minister of Finance Ho Duc Phoc - Photo: Quochoi.vn

On the morning of October 22, authorized by the Prime Minister , Deputy Prime Minister and Minister of Finance Ho Duc Phoc reported on the implementation of the state budget in 2024, the state budget estimate, the central budget allocation plan in 2025, and the 3-year state budget - finance plan for 2025 - 2027.

Accordingly, the total budget revenue estimate for 2024 is 1.7 million billion VND, estimated to be 1.87 million billion VND for the whole year, exceeding 172,300 billion VND, up 10.1% compared to the estimate.

Most budget revenue areas met and exceeded estimates.

Most budget revenue areas met and exceeded estimates. Domestic revenue was 1.57 trillion VND, exceeding 8.9%; crude oil revenue was 59,300 billion VND, exceeding 28.9%; revenue from import-export activities was 235,200 billion VND, exceeding 15.3%...

Regarding budget expenditure, the annual estimate is 2.1 quadrillion VND, the whole year estimate is 2.28 quadrillion VND, an increase of 7.7%. The budget deficit estimate is 399,400 billion VND, the whole year estimate is 389,400 billion VND, a decrease of 10,000 billion VND.

In 2025, the estimated allocated state revenue is 1.96 quadrillion VND, an increase of 15.6% compared to 2024. Of which, the estimated domestic revenue is 1.67 quadrillion VND, an increase of 6.1%. According to the Deputy Prime Minister, the above estimated level is assessed positively in the context of potential risks and challenges.

The estimated budget deficit is VND471,500 billion, equivalent to 3.8% of GDP. By the end of 2025, the public debt ratio will be 36-37% of GDP, and the government debt will be 34-35% of GDP, within the scope allowed by the National Assembly.

Regarding the allocation plan, the Deputy Prime Minister said that the principle of prioritizing the arrangement of increased development investment spending at a positive level will be ensured. Debt will be fully paid on time, and national reserves will be reasonable to handle urgent and arising matters...

Arrange enough to pay salaries for the public sector, pensions, social allowances, preferential allowances for meritorious people, and social security payments. Arrange regular expenditures, thoroughly save, prioritize national security and defense, activities such as organizing Party congresses at all levels...

To ensure salary payment for the public sector, in addition to the budget balance, it is expected to use 110,000 billion VND from salary accumulation. Accordingly, the budget expenditure estimate is 2.55 million billion VND. The budget allocation for development investment expenditure is 790,700 billion VND, accounting for 31.4%.

Save money to reduce overspending, increase spending on necessary tasks

The Deputy Prime Minister said that in addition to saving 10% of spending to ensure salary reform, he proposed to strive for a 10% increase in regular spending in 2025 compared to 2024 to reduce budget deficit, increase spending on necessary, arising or additional tasks...

Regarding the three-year state budget financial plan for 2025 - 2027, the budget will continue to be restructured towards prioritizing development investment spending, ensuring spending on national defense tasks, socio-economic security, public sector salaries, social security policies, etc.

Accordingly, the Deputy Prime Minister proposed that in 2025, no consideration should be given to increasing pensions, public sector salaries, and preferential allowances for meritorious people. In its management, the Government will review and report to competent authorities on unreasonable handling of certain subjects and sectors such as health and education.

Expand the scope of using accumulated resources for salary reform, adjusting pension policies, subsidies, social security, and streamlining payroll. Allow localities with large salary reform resources to use them to invest in regional and national connectivity projects and key national projects in cases where the locality commits to ensuring salary reform resources until 2030 and does not request support from the central budget.

Propose that the National Assembly consider and allow the use of a portion of the remaining salary accumulation fund of the central and local budgets, and incorporate it into the 2025 budget report to allocate enough basic salary of VND 2.34 million per month for ministries, branches, central and local agencies.

Tuoitre.vn

Source: https://tuoitre.vn/kien-nghi-khong-tang-luong-khu-vuc-cong-luong-huu-nam-2025-20241022110800087.htm