(MPI) – Statement clarifying a number of issues of concern to National Assembly delegates at the online discussion session on the draft Resolution on fiscal and monetary policies to support the Recovery and Development Program socio-economic development, Minister of Planning and Investment Nguyen Chi Dung emphasized that to support the implementation of the program, these policies need to be issued soon and put into practice effectively to support people, workers and businesses overcome difficulties, restore production and business and contribute to quickly returning our country to the trajectory of growth and development, successfully realizing the goals of the proposed socio-economic development plans and strategies.
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| Minister of Planning and Investment Nguyen Chi Dung spoke. Photo: Quochoi.vn |
According to Minister Nguyen Chi Dung, this must be identified as a big and difficult problem, with extremely important implications not only for the economy but also for social issues and the health system in the country. The impact is not only in the short term but also in the medium term and is especially unprecedented. Previously, to cope with some financial and monetary crises, we also had a number of policies, but their nature and scope were narrower and smaller in scale.
Therefore, the Government has urgently and seriously organized research, closely following the Party's policies, the resolutions of the National Assembly and the practical situation and specific conditions of the country, studying the experiences of other countries. around the world and lessons learned from our country's previous economic stimulus packages. In addition, there was consultation with international organizations, domestic and foreign experts, businesses, associations, opinions of ministries, branches and localities, especially close coordination with agencies. of the National Assembly, under the direct direction of the Chairman of the National Assembly and the National Assembly Standing Committee to build and complete the recovery and socio-economic development program as well as the fiscal policy project, currency to support the program to be presented to Congress today.
In general, most delegates agreed with the necessity, viewpoints, goals and contents of fiscal and monetary policies to support program implementation. These policies should be issued soon. , put into practice effectively. Many very valid opinions from National Assembly delegates about the role, position, and importance of fiscal and monetary policies to support the program and consider this an important additional resource in addition to other resources. 5 years and every year have been decided by the National Assembly, helping the economy quickly take advantage of opportunities, overcome difficulties and challenges to recover and develop.
The policy objectives are built in close connection with the objectives of the strategy and 5-year plans such as stabilizing the macroeconomy, ensuring major balances, controlling inflation, and recovering for development. sustainable development. Policies are built closely to the viewpoints and principles that must be closely linked between fiscal and monetary policies, support both the supply and demand sides, have a large enough scale, have a long enough time and solve problems. cash immediately. The policy proposed needs to be correct, effective and effective, have a focus, avoid spreading, and meet both short-term and long-term needs. Raising and strengthening the confidence of businesses and investors, implementation must be fast, drastic and timely, ensuring fairness, harmony and reasonableness among industries, fields, and between localities and regions. domain.
Explaining a number of issues of concern to delegates, Minister Nguyen Chi Dung stated: Firstly, regarding the overall scale of policies, fiscal, monetary and mobilization methods, the Government has researched and evaluated the situation. development patterns of industries and fields in particular and socio-economic in general, difficulties in production and business of businesses, people and workers and support needs. The ability to mobilize resources and absorb the economy to build fiscal and monetary policies with appropriate scale. On that basis, propose the scale, scope, subjects and implementation roadmap of each policy, such as tax exemption and reduction policy in 2022, the first year of program implementation can be implemented immediately. 100%. Supporting public investment, especially in grassroots healthcare, preventive healthcare, and strategic transportation infrastructure, requires time to complete preparations, so there needs to be flexible coordination between plans. medium-term investment and fiscal policy to support public investment in the program, to effectively disburse this important additional resource.
To ensure capital for implementation, first of all, the Government seriously and fully implements the implementation of saving expenditures from the state budget, striving to increase revenue and through promoting the roadmap for tax reform and anti-corruption. revenue loss, transfer pricing, tax evasion, divestment, equitization of state-owned enterprises,... then mobilize loans from domestic Government bonds, then ODA loans and from donors foreign. Thus, the Government has calculated from the perspective of macroeconomic stability, ensuring a great balance of the economy. In 2022, 42% of the total capital of the program will be disbursed, the rest will be disbursed in 2023.
Second, in terms of allocation and management, using capital from fiscal and monetary policies effectively. First of all, it is necessary to comply with current legal regulations, especially with regard to fiscal policy, in addition, it must meet the principles and allocation criteria of the program.
Based on the viewpoints and goals of the policy, the Government has researched and proposed focused support that both meets immediate needs and serves the needs of growth and long-term sustainable development. In the long term, promoting both supply and demand of the economy, policies focus on the sectors and fields that are immediately necessary to ensure the improvement of disease prevention and control capacity associated with capacity building on modernization of Regional CDC specialized centers, central hospitals, support to improve capacity to create jobs, train labor, restore the tourism industry, etc. Next is the development of the transportation infrastructure system strategic, connecting Northeast border gates, industrial parks, economic zones,...
In addition, the allocation of capital also ensures harmony between regions, creates new driving force for development, ensures fairness but not equality, determines the order of investment priorities, and prioritizes sectors and fields. pervasive. In general, the policy has been seriously prepared, ensuring practicality and effectiveness in the process of economic recovery and development.
According to the opinions of many National Assembly delegates, this is a relatively large-scale program, with a relatively short implementation period and absorption capacity to ensure the achievement of effectiveness and goals. The program's proposal is a huge challenge for our country's economy today. Therefore, the most important issue that ensures the success of the policy is the organization and implementation at all levels and sectors after the fiscal and monetary policies supporting the program are approved by the National Assembly. via. This must be identified as a heavy task and responsibility for the entire political system, all levels, and sectors, requiring each of us to promote responsibility, effort, and strive to contribute our best to the success. common public. The Government hopes that National Assembly delegates will promote their proactive role and actively participate in monitoring the implementation process at their localities.
On its part, the Ministry of Planning and Investment has proactively coordinated with National Assembly Committees, ministries and branches to complete the draft resolution of the National Assembly. At the same time, proactively develop and submit for promulgation the Government's resolution so that all levels and sectors can implement these policies immediately after the National Assembly passes this Resolution.
Third, regarding specific mechanisms and policies, in addition to fiscal and monetary policies, the Government submitted three specific mechanisms to the National Assembly. These are new regulations that have not been stipulated in legal documents, so the Government submits to the National Assembly to allow pilot implementation for projects under the program and the implementation of these regulations will be shortened. time for bidding work of public investment projects; Mobilize the participation of localities in implementing investment projects on expressways passing through their localities; site clearance, resettlement... in the area. These are specific and very meaningful policies at the present time, contributing to speeding up project progress and effectively using additional resources from the program, speeding up disbursement progress and, more importantly, contributing to improving the capacity and competitiveness of the economy, and soon realizing the strategic goals of developing Vietnam's highway system as set out in the Resolution of the 3th Party Congress.
Fourth, for risk control and prevention of corruption, waste, and group interests, because the scale of fiscal and monetary policies to support the recovery program is quite large, in addition to assessing the impact policy dynamics, the Government has identified and prepared solutions to control possible risks, especially increased inflationary pressure in 2022 and 2023. During implementation, the Government will closely and regularly monitor developments in domestic and world prices to promptly have appropriate responses and policies to control inflation, improve openness, transparency and combat negativity and corruption. Corruption, begging, group benefits, strengthening inspection, supervision, auditing, inspection, especially before and during the construction process.
Minister Nguyen Chi Dung said that the Government will request the State Audit and request relevant agencies to participate from the beginning in implementing specific mechanisms and policies, especially special mechanisms and policies. mechanism for appointing contractors, promoting the application of information technology to ensure productivity, efficiency and effectiveness in management. In addition, in the coming time, the Government will continue to review and propose amendments and improvements to regulations, drastically implement them, clear bottlenecks, free up development resources, and focus on improving further improve national governance capacity, efficiency in building and enforcing laws, solving problems in administrative procedures, speeding up approval procedures, adjusting new policies, and resolving disputes. This problem hinders businesses from developing, especially the private sector, from striving to successfully implement the 5-year socio-economic development goals set by the National Assembly and effectively implementing the recovery and development program. economic and social development./.
