National Assembly (NA) deputies passed a Resolution on the 2014 Statebudget estimates with 87.95 percent of votes in the November 12 morningsession of the 13th NA’s sixth meeting.
According to theresolution, the State budget’s total collection will be 782.7trillion VND (37.27 billion USD) and total spending, 1,006.7 trillionVND, leading to a 224 trillion VND overspend, or 5.3 percent of thecountry’s GDP.
The NA deputies also asked theGovernment to intensify financial disciplines and rules, strictlyimplement the fiscal policy, and restructure budget collection andspending to ensure macroeconomic stability.
According to the deputies, the Government should also reduce theexpenses for State management apparatus, cut down expenses for meetings,celebrations and overseas trips and not buy public cars except in casesregulated by the law.
The same percentage of votes was also gained for a resolution on the adjustment of the State budget estimates for 2013.
Under the document, the Government was assigned by the NA to increasethe State budget’s overspending to compensate for the central budget’sloss, but by no more than 195.5 trillion VND (equivalent to 5.3 percentof the estimated GDP).
The Government continued toask localities to reduce spending, cut down unnecessary and ineffectiveexpenses, and allowed localities that lack money to compensate forbudget deficits by using 70 percent of the financial reserves fund tocover the shortage in budget revenues.
During thesession, member of the NA Standing Committee and Chairman of the NAOffice Nguyen Hanh Phuc presented a draft resolution to increase thenumber of deputy prime ministers from four to five.
The NA voted on the document with 87.75 percent in favour.
Prime Minister Nguyen Tan Dung submitted proposals to ask the NA toapprove the appointment of Minister and Chairman of the GovernmentalOffice Vu Duc Dam and Foreign Minister Pham Binh Minh to the deputy PMpost.
The NA deputies discussed the PM’s proposals at theend of the morning session and gave opinions on the revised NotaryPublic Law in the afternoon.-VNA
According to theresolution, the State budget’s total collection will be 782.7trillion VND (37.27 billion USD) and total spending, 1,006.7 trillionVND, leading to a 224 trillion VND overspend, or 5.3 percent of thecountry’s GDP.
The NA deputies also asked theGovernment to intensify financial disciplines and rules, strictlyimplement the fiscal policy, and restructure budget collection andspending to ensure macroeconomic stability.
According to the deputies, the Government should also reduce theexpenses for State management apparatus, cut down expenses for meetings,celebrations and overseas trips and not buy public cars except in casesregulated by the law.
The same percentage of votes was also gained for a resolution on the adjustment of the State budget estimates for 2013.
Under the document, the Government was assigned by the NA to increasethe State budget’s overspending to compensate for the central budget’sloss, but by no more than 195.5 trillion VND (equivalent to 5.3 percentof the estimated GDP).
The Government continued toask localities to reduce spending, cut down unnecessary and ineffectiveexpenses, and allowed localities that lack money to compensate forbudget deficits by using 70 percent of the financial reserves fund tocover the shortage in budget revenues.
During thesession, member of the NA Standing Committee and Chairman of the NAOffice Nguyen Hanh Phuc presented a draft resolution to increase thenumber of deputy prime ministers from four to five.
The NA voted on the document with 87.75 percent in favour.
Prime Minister Nguyen Tan Dung submitted proposals to ask the NA toapprove the appointment of Minister and Chairman of the GovernmentalOffice Vu Duc Dam and Foreign Minister Pham Binh Minh to the deputy PMpost.
The NA deputies discussed the PM’s proposals at theend of the morning session and gave opinions on the revised NotaryPublic Law in the afternoon.-VNA
