Prioritize budget allocation to implement major policies

To realize the goals of the 10-year socio -economic development strategy (2021-2030) of the country and the direction and tasks of developing the capital until 2030, with a vision to 2045, the Chairman of the City People's Committee requested the Department of Finance to preside over and coordinate with the Department of Planning and Investment and relevant agencies to develop a 5-year financial plan for Hanoi city according to regulations: Ensuring consistency with developments in the world and domestic socio-economic situation and actual implementation in the period 2021-2025 and forecasting the socio-economic situation, the ability to balance state budget revenue, mobilize and repay debt, and local financial safety limit requirements in the period 2026-2030; Policies and orientations of the Party, State and City on budget decentralization and regulations on investment and regular expenditure allocation norms for the next budget stabilization period, principles of safe management of local government debt; promoting self-reliance and self-strengthening of city government at all levels.

At the same time, thoroughly cut down on regular expenditures, investment-related expenditures, and expenditures that are not really necessary or urgent such as meetings, receptions, overseas business trips, etc. Prioritize the allocation of the state budget to implement major policies of the Party, State, and City in the 2026-2030 period, focusing on growth and development investment, ensuring focus and key points, not spreading out or fragmenting, and having the nature of turning around the situation and transforming the state of the City and its departments, branches, sectors, organizations, and city-level authorities.

Publicity, transparency, efficiency, anti-negativity and corruption in the management and use of state finance and budget; strengthening the assignment, decentralization and delegation of powers according to the provisions of law, individualizing responsibilities associated with inspection, supervision, and reasonable allocation of resources, especially valuing and promoting the position and role of the leader.

The Chairman of the City People's Committee also requested an assessment of the implementation of the 5-year financial plan for the period 2021-2025; at the same time, develop a 5-year financial plan for Hanoi city for the period 2026-2030. In particular, forecast the economic and financial situation, the main socio-economic indicators of the city (gross product growth in the area - GRDP), consumer price index, growth of production sectors, industries and prices of key products and goods that affect the ability to mobilize and demand for using financial resources - local budget in the 5-year period 2026-2030.

Determine the general objectives of the city's 5-year financial plan for the period 2026-2030; objectives, orientations for mobilizing and distributing the city's resources during the 5-year plan period. Determine specific and main objectives; the city's financial and budgetary balance framework based on current policies and regulations.

City debt management indicators. Forecasting risks affecting the local budget balance framework and debt management indicators of the City's local government. Other financial solutions to implement the city's 5-year financial plan.

Source: https://kinhtedothi.vn/ha-noi-uu-tien-bo-tri-ngan-sach-de-thuc-hien-cac-chu-truong-lon.html