Ministry of Finance summarizes the implementation of the State Budget and Finance tasks in 2023

On the afternoon of December 27, the Ministry of Finance held a national online conference to review and evaluate the implementation of the State Finance - Budget tasks in 2023 and deploy tasks in 2024.

Attending the conference at Ninh Binh bridge point were comrade Nguyen Cao Son, member of the Provincial Party Committee, Vice Chairman of the Provincial People's Committee; leaders of the Department of Finance, the Provincial State Treasury, the Provincial Tax Department, the Ha Nam Ninh Customs Department...

In 2023, the State Budget - Finance (NSNN) task is implemented in the context of the economy facing many difficulties and challenges. However, from the beginning of the year, the Ministry of Finance has directed the implementation of the State budget revenue and expenditure tasks with flexible, proactive and drastic solutions. Focus on reviewing revenue sources, strengthening revenue management in key sectors, industries, areas, e-commerce activities, cross-border transactions, real estate transfers, reviewing real estate tax calculation prices... striving to increase revenue in areas and areas with conditions to offset the reduction in revenue due to the implementation of policies on tax, fee, charge exemption, and extension, land rent. As a result, the State budget revenue as of December 25 reached over 1,693 trillion VND, up 4.5% compared to the estimate.

The total amount of tax, fee, charge and land rent exemptions, reductions and extensions for businesses and people is about 193 trillion VND. Expenditure tasks are carried out according to estimates and budget collection capacity at all levels. The balance of the central budget and local budgets at all levels is ensured.

On the other hand, the industry has also strengthened management and strictly controlled public debt, continued restructuring towards safety and sustainability. Actively managed market prices in accordance with the actual situation, removed difficulties for production and business, controlled inflation, stabilized people's lives; strengthened State management of the stock market, corporate bonds, and insurance.

At the conference, delegates focused on discussing a number of contents: operating fiscal and monetary policies and macroeconomic policies to remove difficulties, control inflation, promote economic growth; strictly manage and control public debt, operate market prices in accordance with the actual situation, control inflation, stabilize people's lives, promote administrative reform, digital transformation, public asset management, budget revenue and expenditure, international integration. At the same time, delegates also analyzed and clarified the limitations and difficulties of units and localities in budget revenue and expenditure, disbursement of public investment capital and risk management in some fields of securities, bonds, insurance, etc.

Regarding the key tasks in 2024, the Finance sector determines to continue to maintain the macroeconomic foundation, control inflation, ensure major balances, promote growth, and develop sustainable socio-economic sectors. Continue to improve institutions, policies, and laws on state budget collection, strengthen revenue management, and strive to complete the assigned revenue estimates at the highest level. In expenditure management, ensure strictness, increase expenditure savings, improve the efficiency of management, allocation, and use of the state budget, and tighten financial discipline and order.

At the same time, continue to promote digital transformation, substantially improve the business investment environment, reform administrative procedures, enhance national competitiveness, increase publicity and transparency... Determined and striving to complete and exceed financial and state budget targets in the coming time.

Nguyen Thom - Thai Hoc

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