On the morning of November 13, the National Assembly voted to approve the state budget estimate for 2025 with over 89% of delegates in favor. Accordingly, the state budget revenue is over 1.9 million billion VND. The National Assembly agreed to use 60,000 billion VND of the accumulated fund for salary reform of the central budget and 50,619 billion VND of the remaining fund for salary reform of the local budget until the end of 2024 to transfer to the 2025 budget arrangement of ministries, central and local agencies to implement the basic salary level of 2.34 million VND/month. In 2025, the total state budget expenditure is over 2.5 million billion VND. The state budget deficit is 471,500 billion VND, equivalent to 3.8% of the gross domestic product (GDP). Of which, the central budget deficit is 443,100 billion VND, equivalent to 3.6% of GDP; The local budget deficit is VND28,400 billion, equivalent to 0.2% of GDP. The total state budget borrowing is VND835,965 billion. Regarding the implementation of salary policy and some social policies, the National Assembly has decided not to increase public sector salaries, pensions, social insurance benefits, monthly allowances, and preferential allowances for meritorious people in 2025. Ministries, central agencies, and localities continue to implement solutions to create sources for reforming salary policies according to regulations. The National Assembly's Resolution clearly states that from July 1, 2024, the scope of using accumulated funds for salary reform of the central budget can be expanded to adjust pensions, social insurance benefits, monthly allowances, preferential allowances for meritorious people, and streamline the payroll. The National Assembly also allows the use of salary reform funds of local budgets to implement social security policies issued by the Central Government and streamline the payroll. Localities use the remaining salary reform funds to invest in regional and national connectivity projects, and key national projects implemented locally according to regulations of competent authorities in cases where the locality has a large surplus. Localities must also commit to ensuring funding for salary reform and implementing social security policies issued by the Central Government for the entire roadmap until 2030 and not request support from the central budget.

Chairman of the National Assembly's Finance and Budget Committee Le Quang Manh. Photo: National Assembly

Before the National Assembly voted to pass the resolution and presented the report on acceptance and explanation, Chairman of the National Assembly's Finance and Budget Committee Le Quang Manh said that some opinions suggested speeding up the disbursement of public investment, especially for key national projects, as well as key local projects, transferring funds from slow-implementing projects to projects with high implementation and disbursement potential. Regarding this issue, the National Assembly Standing Committee said that, as the National Assembly deputies stated, the disbursement progress of public investment capital in the first 9 months of 2024 of a number of ministries, branches and localities was still slow. The average nationwide only reached 47.3% of the estimate assigned by the National Assembly, down both in value and proportion compared to the same period; of which foreign capital only reached 24.33% of the plan, lower than the same period (28.37%). Therefore, in the last months of the year, with the goal of disbursing 95% of the assigned budget, the National Assembly Standing Committee recommends that the Government needs to closely direct, resolutely, proactively find solutions to overcome, enhance the responsibility and initiative of ministries, branches and localities to speed up the disbursement of public investment, especially key national projects, as well as key local projects.

Vietnamnet.vn

Source: https://vietnamnet.vn/quoc-hoi-chot-chua-tang-luong-cong-chuc-trong-nam-2025-2341433.html