Strive to increase revenue, save expenditure, and ensure the balance of state budgets at all levels.

Strive to increase revenue, save expenditure, and ensure the balance of state budgets at all levels.

The dispatch stated: In the first 8 months of 2024, under the leadership of the Party, the supervision of the National Assembly, the synchronous participation of the entire political system, the drastic, close and timely direction of the Government and the Prime Minister, the efforts, determination, close coordination, proactive and flexible management, and timely handling of arising issues of ministries, branches and localities, the socio-economic situation continued to be maintained stably and clearly demonstrated a positive recovery, the major balances of the economy were ensured, inflation was controlled, economic growth was promoted, national defense, security, social order and safety were maintained, social security and people's lives were ensured. The state budget revenue in the first 8 months of the year is estimated to reach 78.5% of the estimate under the condition that policies have been implemented to exempt, reduce and extend many types of taxes, fees, charges, land rents and other budget revenues; State budget expenditures are managed tightly and economically; State budget balance is ensured; State budget deficit, public debt, government debt, and foreign debt of the country are within the scope permitted by the National Assembly.

However, the production and business activities of a number of enterprises are still difficult, inflationary pressure is still high, natural disasters and floods are complicated. Overall, the state budget revenue has made good progress and has grown compared to the same period, but there are still some revenue items with low collection progress, especially land use fees. The disbursement progress of development investment expenditure in the first 8 months of the year only reached 40.49% of the plan assigned by the Prime Minister , lower than the same period; 19 ministries, central agencies and 31 localities have not yet allocated in detail the capital plan assigned in 2024.

In addition, through the results of the National Assembly 's supervision, the conclusions of the State Inspectorate and Audit agencies and the annual settlement of the State budget, it is shown that the implementation of financial discipline and order in some places is not strict, there are still violations of the law, fraud, tax evasion, management and use of the budget and public assets in violation of regulations, loss and waste in some ministries, branches, localities, agencies and units.

Increase savings in regular expenditures, focus resources on increasing investment in infrastructure development, prevention and overcoming of consequences of natural disasters.

In the coming months, the world situation is forecast to continue to develop in a complicated and unpredictable manner, with unfavorable impacts on our country's economy. Domestically, the economy faces many difficulties and challenges. However, with the determination to strive to fulfill at the highest level the goals and tasks of the 2024 budget estimate according to the Central Committee's Conclusion and the Resolutions of the National Assembly and the Government, to ensure the balance of the State budget at all levels in all situations, increase savings in regular State budget expenditures, focus resources on increasing investment expenditures for infrastructure development, prevention and overcoming of consequences of natural disasters, storms and floods, and response to climate change; tighten financial discipline and State budget discipline, the Prime Minister requests Ministers, Heads of ministerial-level agencies, and Government agencies; Chairmen of People's Committees of provinces and centrally run cities focus on directing, guiding and inspecting agencies, units and subordinate levels to continue to make efforts and resolutely implement the solutions and tasks of socio-economic development and the State budget that have been set out, strive to increase revenue, enhance expenditure savings, and proactively balance the State budget in the remaining months of 2024; in which, focus on implementing the following key tasks and solutions:

1. Ministries, agencies and localities:

a) Continue to effectively implement key solutions and tasks to promote administrative procedure reform, improve the investment and business environment, enhance national competitiveness, remove difficulties for production, business, and socio-economic development according to Resolutions No. 01/NQ-CP, No. 02/NQ-CP dated January 5, 2024, Resolution No. 93/NQ-CP dated June 18, 2024 of the Government and Resolutions of regular meetings of the Government; Directives No. 12/CT-TTg dated April 21, 2024, 14/CT-TTg dated May 2, 2024, Official Dispatch No. 71/CD-TTg dated July 21, 2024 of the Prime Minister. Focus on implementing fiscal and monetary policy solutions and other issued macroeconomic policies to remove difficulties for businesses and people, control inflation, maintain macroeconomic stability, maintain growth momentum and ensure major balances of the economy; strive for a GDP growth rate of about 7% for the whole year of 2024, exceeding the set target, creating the premise and momentum for 2025 and the 2026-2030 period.

Synchronize revenue management solutions to prevent state budget loss

b) Resolutely carry out the work of collecting state budget revenue, striving to complete the assigned revenue estimate at the highest level.

- Continue to improve institutions, policies and laws on state budget collection, synchronously implement solutions and measures to manage collection, prevent revenue loss, ensure correct, full and timely collection of revenues arising according to regulations. Continue to study and improve tax regulations on houses and land; expand and prevent erosion of the tax base, exploit remaining revenue sources, expand new revenue bases.

- Promote and further effectively digital transformation, apply information technology, improve the effectiveness and efficiency of revenue management, especially revenue collection from e-commerce transactions, foreign suppliers, deploy a data portal on e-commerce platforms and expand the deployment of electronic invoices generated from cash registers for businesses and business households operating and providing goods and services directly to consumers, especially food services... On that basis, strive to collect the state budget in 2024 exceeding 10% of the estimate assigned by the National Assembly, collect the state budget in 2025 about 5% higher than the estimated implementation in 2024 to ensure resources to meet expenditure tasks according to the estimate, increase expenditure to create sources for salary reform and handle unexpected tasks arising.

- Strengthen the prevention and control of trade fraud, transfer pricing, import price fraud and cross-border smuggling, especially business activities on digital platforms and real estate transfers. Strengthen inspection and supervision of the implementation of regulations on price management, taxes, fees, and price stabilization of raw materials and essential goods for production and people's lives.

Strive to save about 10% more of the increased regular expenditure of the 2025 budget compared to the 2024 budget.

c) Organize and manage state budget expenditures proactively, save state budget expenditures, tighten discipline and order, and improve the efficiency of state budget use.

- Thoroughly save regular expenditures, proactively review and arrange spending tasks; cut and save 5% of the regular expenditure estimates assigned according to Directive No. 01/CT-TTg dated January 4, 2024 of the Prime Minister and Resolution No. 119/NQ-CP dated August 7, 2024 of the Government. For 2025, in addition to the 10% savings in regular expenditures to create a source for salary reform as prescribed, in the implementation organization, ministries, agencies and localities shall synchronously implement solutions to review, restructure and arrange spending tasks, striving to save an additional 10% of the increased regular expenditures of the 2025 budget estimate compared to the 2024 budget estimate (after excluding similar expenditures as in 2024 as stipulated in Resolution No. 119/NQ-CP dated August 7, 2024 of the Government) to reserve a source to reduce the state budget deficit or for urgent and arising tasks, to perform social security tasks of each ministry, agency and locality or to supplement development investment expenditures.

- Implement budget expenditures in accordance with prescribed regimes, within the assigned budget, ensuring strictness, thrift and efficiency; focus resources on implementing salary reform policies, social security policies and regimes, hunger eradication and poverty reduction; cut down regular expenditure estimates assigned to ministries and central agencies but not yet allocated to budget spending units by June 30, 2024 (except in cases where the Prime Minister permits) according to Resolution No. 82/NQ-CP dated June 5, 2024 of the Government.

- Focus on implementing key tasks and solutions according to Directive No. 26/CT-TTg dated August 8, 2024 of the Prime Minister, speeding up the implementation and disbursement of public investment capital, especially key national projects and works, national target programs; promptly transferring capital from tasks and projects that are not eligible for disbursement or disbursement is slow to supplement tasks and projects that are capable of disbursing quickly and need additional capital according to regulations. Strive to disburse over 95% of the assigned capital plan for 2024, contributing to promoting economic growth.

- Invest in construction and purchase of public assets in accordance with the correct regime, standards and norms, ensuring savings. Organize the review and rearrangement of public assets, handle assets that are no longer needed in accordance with regulations; resolutely recover assets used for the wrong purposes, for the wrong purposes, or exceeding standards and norms; do not waste or lose public assets.

- Urgently implement the provisions of Resolution No. 104/2023/QH15, Resolution No. 142/2024/QH15 of the National Assembly, review the entire legal framework to submit to competent authorities for consideration and decision on amending or abolishing the specific financial and income mechanisms of agencies and units that are being implemented appropriately before December 31, 2024. In the process of amending and abolishing the specific financial and income mechanisms, ministries and central agencies are responsible for ensuring the maintenance of the operations of agencies and units according to the general regime prescribed by the State.

d) Localities shall spend the State budget according to the assigned estimates and the revenue capacity according to decentralization; proactively use the reserve, reserve, surplus budget and legal resources of the locality to handle the tasks of spending on prevention, combat and overcoming the consequences of natural disasters, epidemics and urgent and unexpected spending tasks arising according to regulations. Review, arrange and adjust the spending estimates according to regulations; proactively cut down on unnecessary expenses; thoroughly save regular expenses, especially expenses for conferences, seminars, celebrations, domestic business trips, research and surveys abroad.

In case the estimated local budget revenue does not meet the estimate, the Provincial People's Committee shall develop a plan to report to the People's Council on solutions to ensure the balance of the local budget as follows: (i) proactively retain 50% of the local budget reserve estimate; (ii) balance local resources to proactively offset the reduction in local budget revenue (financial reserve fund, budget surplus, etc.). After using local resources but still not ensuring compensation for the reduction in revenue, it is necessary to review, cut down, and extend spending tasks, in which it is necessary to proactively restructure development investment spending, especially in cases where land use fee and lottery revenue fluctuate greatly.

In the process of budget management, in case of temporary shortage of budget funds at all levels, it is necessary to promptly report to the superior level for consideration and handling according to the provisions of Article 58 of the State Budget Law and Clause 1, Article 36 of Decree No. 163/2016/ND-CP of the Government.

Ensure reserve funds for natural disaster prevention and control, disease prevention, salary payment, and social security policies.

2. The Ministry of Finance shall preside over and coordinate with ministries, agencies and localities to:

a) Continue to operate a reasonable, focused, and effective expansionary fiscal policy, in close, synchronous, and harmonious coordination with monetary policy to promote growth, stabilize the macro-economy, control inflation, and ensure major balances of the economy. Control state budget deficit and public debt within the allowable range.

b) More drastically implement digital transformation, regulations on electronic invoices, especially promote the application of digital transformation in budget revenue and expenditure, improve the effectiveness and efficiency of state budget revenue and expenditure management; ensure correct, sufficient and timely collection, expand the collection base and prevent tax losses, especially from e-commerce to compensate for the reduction in revenue due to the implementation of support policies. Manage the budget to ensure reserve funds for expenditures on natural disaster and epidemic prevention and control, salary payment, social security policies and important and urgent political tasks that arise.

c) Incorporate the opinions of the National Assembly Standing Committee, complete and submit to the Government before September 15, 2024 the draft Decree regulating the preparation of estimates, management and use of regular state budget expenditures for the purchase of assets and equipment; renovation, upgrading, expansion and construction of new construction items in invested construction projects as a basis for submission to competent authorities to allocate the remaining regular expenditure estimates for 2024.

d) Synthesize the reduction and savings of 5% of the regular expenditure estimates of ministries, central and local agencies to report to the Government and competent authorities for consideration and decision according to Resolution No. 119/NQ-CP dated August 7, 2024 of the Government.

Urge and promptly guide the handling of arising issues to speed up the disbursement of public investment capital.

3. The Ministry of Planning and Investment shall preside over and coordinate with ministries, central and local agencies to urgently review and report to competent authorities to amend legal regulations on public investment to remove institutional difficulties and obstacles; urge and promptly guide the handling of arising issues to accelerate the disbursement of public investment capital; promptly submit to competent authorities the adjustment of the central budget investment capital plan for 2024 among ministries, central and local agencies according to regulations and directions of the Government and Prime Minister.

4. The Prime Minister assigns Deputy Prime Minister Ho Duc Phoc to direct, urge and effectively implement this Official Dispatch; report to the Prime Minister on issues beyond his authority.

5. The Government Office monitors and urges the implementation of this Official Dispatch according to assigned functions and tasks./.

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