Manage budget expenditures tightly and effectively
Summarizing the results of the discussion on the state budget, Vice Chairman of the National Assembly Nguyen Duc Hai stated that, in a lively, frank and responsible atmosphere, the National Assembly deputies contributed many important and enthusiastic opinions on the implementation of the state budget in 2025, the 2026 estimate, the 5-year plans on medium-term public investment, national finance, borrowing and public debt repayment.
Vice Chairman of the National Assembly Nguyen Duc Hai concluded the discussion session. Photo: Pham Thang
The National Assembly deputies agreed that in 2025, the world context will have many fluctuations and challenges. Domestically, many breakthroughs will be implemented, and resources must be mobilized to achieve the growth target of over 8%. However, the management and operation of the state budget will achieve positive results, with estimated revenue exceeding the estimate, basic spending tasks being 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 impact of natural disasters, storms and floods, and global economic instability. Therefore, the National Assembly deputies proposed to continue to remove difficulties and obstacles to complete the 2025 budget targets and tasks at the highest level.
2026 is the first year of implementing the 5-year plan 2026-2030, the requirements for socio-economic development are much higher than the previous period; budget revenue and expenditure, budget deficit, public debt associated with the double-digit growth target, so there are many challenges. Therefore, the National Assembly deputies proposed to anticipate risks; for revenue estimates, there should be solutions to strengthen revenue management, grasp revenue sources, expand revenue bases, ensure correct, sufficient and timely collection.
Delegates noted that the need to increase central budget expenditure in 2026 is very large, therefore, there needs to be 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 also suggested that the state budget deficit could be reasonably increased to increase resources for natural disaster and epidemic prevention and control, development investment spending, and implementing breakthroughs according to the Central Government's policies.
Vice Chairman of the National Assembly Nguyen Duc Hai concluded the discussion session. Photo: Pham Thang
In addition, it is necessary to promptly allocate and assign public investment capital in 2026; resolutely direct to accelerate disbursement progress, tighten discipline, and link the responsibility of leaders with the results of implementing public investment plans. Manage and use public investment capital in compliance with the law effectively, combat waste and negativity; effectively use public assets of units after merger, local administrative units, 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.
Delegates also gave their opinions on tax exemption and reduction policies; the situation of tax arrears and evasion that reduces budget revenues; savings in percentage of ODA and foreign loan disbursement estimates; the implementation of national target programs; the impact of lack of raw materials and materials; planning, land recovery and valuation on public investment.
Need to change national financial management thinking
Regarding the national 5-year financial plan and the medium-term public investment plan, the Vice Chairman of the National Assembly stated that the delegates agreed that in the 2021-2025 period, the world and domestic situation will develop rapidly and complicatedly, in some cases beyond the forecast. In the country, many important, revolutionary, and breakthrough resolutions of the Central Committee have been implemented; 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.
National Assembly deputies suggested that the 2026-2030 financial and budget plan should overcome the limitations of the previous period. Some deputies suggested that it is necessary to change the mindset of national financial management, shifting from allocating state budget resources to leading state resources and strengthening the application of output-based budget management mechanisms to serve socio-economic development goals, bringing the country into a new stage of development.
Delegates attending the meeting. Photo: Quang Khanh
Continue to improve the law on budget revenue and expenditure, ensuring the leading role of the central budget; restructure budget revenue in a sustainable direction, improve the allocation and assignment of public investment disbursement plans; focus capital on key projects, projects and infrastructure with regional connectivity, prioritizing disadvantaged areas and key regions, both creating development momentum and ensuring to avoid disparities in the development process.
Along with that, continue to reduce the proportion of regular expenditure and limit transferred expenditure.
The targets of revenue, expenditure and public debt increased significantly compared to the previous period to achieve the double-digit growth targets and the important Resolution of the Central Committee. Therefore, the National Assembly deputies 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 such as gold and foreign currency and ensure effective management and use of resources.
Delegates at the meeting. Photo: Quang Khanh
Resolve difficulties and obstacles to smoothly operate the management of finance, budget, and public assets according to the two-level 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 suggested reviewing and carefully assessing borrowing capacity, debt repayment capacity, strictly controlling contingent debt obligations, government guarantees; fully identifying risks of exchange rate debt, risks of debt repayment balance to have appropriate solutions. The issuance of government bonds, loan terms, and interest rates need to be carefully reviewed, especially short-term bonds.
"The National Assembly Standing Committee will direct Government agencies, inspection agencies and relevant agencies to absorb and include important contents in National Assembly Resolutions for National Assembly deputies to comment on and submit to the National Assembly for consideration and approval," Vice Chairman of the National Assembly Nguyen Duc Hai stated.
Source: https://daibieunhandan.vn/tang-cuong-ky-luat-ngan-sach-khong-de-xay-ra-that-thoat-lang-phi-10393699.html
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