That is one of the notable contents in the Submission on adjusting the 2024 re-borrowing capital estimates of localities that has just been sent by the Government to the National Assembly.

10 localities include: Yen Bai, Dien Bien, Lang Son, Thua Thien - Hue, Quang Nam, Quang Ngai, Ninh Thuan, Binh Thuan, Kon Tum, Tra Vinh.

The report stated that in Resolution No. 105/2023/QH15 on the allocation of the central budget in 2024, the National Assembly decided that the total loan estimate for localities in 2024 is VND 30,619 billion, of which the estimate for re-borrowing from the Government's foreign loans is VND 14,716 billion. As of July 10, 26 localities have requested adjustments to the re-borrowing capital estimate.

To create conditions for localities to make maximum use of the additional central budget capital with targets for localities in 2024, the Government submitted to the National Assembly an increase in the re-borrowing estimates of 7 localities including: Quang Binh, Tay Ninh, Bac Lieu, Ben Tre, Long An, Soc Trang, Vinh Long.

At the same time, the re-borrowing capital estimate of 12 localities was adjusted down by 406,035 billion VND, including: Ha Giang, Yen Bai, Lao Cai, Thua Thien Hue, Quang Nam, Binh Dinh, Phu Yen, Binh Thuan, Kon Tum, Gia Lai, Lam Dong, Tra Vinh.

With the above adjustment, the total borrowing and deficit of local budgets are still within the limits approved by the National Assembly. Specifically, the total borrowing limit of localities is VND 30,573 billion, a decrease of VND 46 billion compared to the 2024 budget plan approved by the National Assembly; the local budget deficit is VND 26,454 billion, a decrease of VND 46 billion; no locality exceeds the permitted debt limit according to the provisions of the State Budget Law.