State budget management and operation achieved positive results.

(Chinhphu.vn) - State budget management and operation achieved positive results, estimated revenue exceeded the estimate, basic spending tasks were met, ensuring sufficient funding for public debt within the allowable limit.

Prime Minister Pham Minh Chinh, Chairman of the Central Committee of the Vietnam Fatherland Front Do Van Chien and National Assembly deputies at the meeting.

On the afternoon of October 30, concluding the discussion session on finance and budget, Vice Chairman of the National Assembly Nguyen Duc Hai said that after more than one discussion session in the Hall, 26 National Assembly deputies spoke.

Prime Minister Pham Minh Chinh and Deputy Prime Minister Le Thanh Long participated in giving speeches explaining many issues of interest to voters and National Assembly deputies.

Need to anticipate risks

Vice Chairman of the National Assembly Nguyen Duc Hai said that through synthesizing the opinions of the delegates in the Group and the Hall, the National Assembly delegates agreed that in 2025, the world context will have many fluctuations and challenges, the country will implement many breakthrough fields, and at the same time, it is necessary to mobilize resources to achieve the growth target of over 8%.

However, the management and operation of the state budget achieved positive results, estimated revenue exceeded the estimate, basic expenditure tasks were met, ensuring sufficient funding for public debt within the allowable limit.

The socio-economic context in the remaining months of 2025 is forecast to face many challenges, especially the impacts of natural disasters, storms and floods, and global economic instability. Therefore, delegates proposed to continue to remove difficulties and obstacles to complete the 2025 budget targets and tasks at the highest level.

The Vice Chairman of the National Assembly pointed out that 2026 is the first year of implementing the 5-year plan 2026-2030, with socio-economic development requirements at a much higher level than the previous period, budget revenue and expenditure, public debt deficit associated with the double-digit growth target pose many challenges. Therefore, delegates suggested that it is necessary to anticipate risks; for revenue estimates, there should be solutions to strengthen revenue management, grasp revenue sources, expand revenue bases, and ensure correct - sufficient - timely collection.

Noting the huge need to increase central budget expenditure in 2026, National Assembly deputies proposed solutions to mobilize and effectively use resources to complete goals and tasks; it is necessary to carefully assess the impact of increased public spending on inflation in order to have solutions to control inflation, manage budget expenditures closely, effectively, thoroughly, and save regular expenditures. Some National Assembly deputies suggested that the state budget deficit could be reasonably increased to increase resources for natural disaster and epidemic prevention, development investment spending, and implementing breakthroughs according to the Central Government's policies.

Vice Chairman of the National Assembly Nguyen Duc Hai delivered concluding remarks.

Delegates also proposed the need to promptly allocate and assign public investment capital in 2026, resolutely direct to accelerate disbursement progress, tighten discipline and order, link the responsibility of leaders with the results of implementing public investment plans; effectively manage and use public investment capital in compliance with the law, combat waste and negativity; effectively use public assets of units after merging local administrative units and ministries and central agencies.

Continue to innovate the management and use of non-state budget financial funds, paying attention to the health insurance fund, social insurance fund and other types of funds; strengthen the asset management institution of state-owned enterprises.

Strengthening budget discipline

Vice Chairman of the National Assembly Nguyen Duc Hai said that delegates also gave opinions on tax exemption and reduction policies, the situation of tax arrears and tax evasion that reduces budget revenues; savings according to percentages on estimates, disbursement of ODA capital, foreign loans, PPP forms, implementation of national target programs, the impact of lack of raw materials, materials, planning, land recovery and appraisal on public investment.

Regarding the national 5-year financial plan and the medium-term public investment plan, delegates agreed that for the 2021-2025 period, the world and domestic situation is evolving rapidly and complicatedly, in some cases beyond the forecast; many important, revolutionary, and breakthrough Resolutions of the Central Committee have been implemented domestically. However, the targets and objectives of the 5-year financial plan have been basically completed, budget revenue and expenditure have improved, prioritizing investment spending and balancing sufficient resources for important spending tasks in all fields, ensuring loans for the state budget and development investment, and public debt safety indicators within the allowable threshold.

Delegates suggested that the 2026-2030 budget and financial plan needs to overcome the limitations of the previous period and change the national financial management mindset from "allocating state budget resources" to "leading state resources" and strengthening the application of the output-based budget management mechanism to serve socio-economic development goals, bringing the country into a new development stage.

Along with that, continue to improve the law on budget revenue and expenditure, ensure the leading role of the central budget, structure budget revenue in a sustainable direction, improve the allocation of public investment disbursement plans, focus capital on key projects, infrastructure projects with regional connectivity, prioritize difficult areas, key areas, both create development momentum and ensure to avoid disparities in the development process.

Continue to reduce the proportion of regular expenditures and limit the transfer of expenditures. The targets of revenue, expenditure, and public debt increased significantly compared to the previous period to achieve the double-digit growth targets and important Resolutions of the Central Committee.

Therefore, delegates proposed to fully prepare for risks; strengthen revenue management, have effective and feasible solutions, mobilize enough resources for development goals while ensuring public debt safety and national financial security; mobilize social resources and ensure effective management and use of resources.

Resolve difficulties and obstacles to smoothly operate the management of budgetary finances and public assets under the two-tier local government model. Strengthen budget discipline, prevent loss and waste when implementing breakthroughs in healthcare, education, science and technology, digital transformation and public investment.

Delegates also suggested reviewing and carefully assessing borrowing capacity, debt repayment capacity, strictly controlling contingent debt obligations, government guarantees, fully identifying risks of borrowing, exchange rates, and risks of balancing debt repayment sources to have appropriate solutions. The issuance of government bonds, loan terms, and loan interest rates need to be carefully reviewed, especially short-term bonds.

Vice Chairman of the National Assembly Nguyen Duc Hai stated that the National Assembly Standing Committee will direct Government agencies, inspection agencies and relevant agencies to absorb and incorporate important and necessary contents into the National Assembly's Resolutions to send to National Assembly deputies for comments and submit to the National Assembly for consideration and approval.

Hai Lien

Source: https://baochinhphu.vn/quan-ly-dieu-hanh-ngan-sach-nha-nuoc-dat-ket-qua-tich-cuc-102251030192917152.htm