Flexible budget management

Việt NamViệt Nam29/08/2024

Quang Ninh province attaches special importance to the management and operation of the state budget with many innovations, creating large resources to serve the goals of socio-economic development and firmly ensuring national defense and security.

Officers of Mong Cai Border Gate Customs Branch focus on reviewing import-export revenue in Mong Cai City. Photo: Manh Truong
Officers of Mong Cai Border Gate Customs Branch focused on reviewing import-export revenue in Mong Cai City.

In the past 3 years alone (2021, 2022, 2023), the total state budget revenue in Quang Ninh province reached 163,113 billion VND, each year higher than the previous year, with an average growth rate of 4%/year (in 2021 it reached 52,222 billion VND; in 2022 it reached 54,274 billion VND; in 2023 it reached 56,617 billion VND). Of which, the province's domestic revenue reached 119,300 billion VND, accounting for 73% of the total budget revenue in the area, always in the leading group in the country; import-export revenue reached 43,600 billion VND, accounting for 27% of the total budget revenue in the area.

To achieve that result, the Provincial People's Council issued Resolution No. 66/NQ-HDND (dated December 9, 2021) on decentralization of revenue sources, expenditure tasks and percentage (%) of revenue sharing between budgets of local authorities at all levels, norms for allocating regular expenditure estimates of local budgets during the budget stabilization period 2022-2025; Resolution No. 77/NQ-HDND (dated December 9, 2021) on estimates of state budget revenue, local budget expenditure, provincial budget allocation plan and budget management mechanism and measures for 2022, 3-year financial plan (2022-2024); Resolution No. 72/NQ-HDND (dated December 9, 2021) on the 5-year state financial and budget plan (2021-2025) according to the principle that the provincial budget plays a leading role from concentrated revenues, revenues generated from projects invested by the province to have resources to solve key tasks, major balancing requirements of the province, increasing the initiative of the local budget.

Every year, closely following the State budget revenue target in the spirit of the Resolution of the Provincial Party Committee, right from the beginning of the year, the Provincial People's Committee issued documents directing and urging functional departments, branches, and local People's Committees to focus on directing, firmly grasping, and strictly managing revenue sources, ensuring correct, sufficient, and timely collection, nurturing revenue sources, and thoroughly handling long-standing debts; expanding the revenue base and effectively exploiting revenue potential; increasing the proportion of sustainable revenue sources from taxes, fees, and charges.

Contractor unit constructing asphalt pavement at Van Don 3 bridge intersection (Van Don district). Photo: Manh Truong
Contractor unit constructing asphalt pavement at Van Don 3 bridge intersection (Van Don district).

The province has decentralized and assigned authority to the district-level budget to effectively exploit local revenue sources, proactively perform local tasks, and ensure regular operating expenses for grassroots communes, wards, and towns, which are places that directly implement State policies to the people.

In addition to the state budget revenue target, the province seriously balances expenditure sources, with total expenditure sources for 3 years (2021, 2022, 2023) reaching 78,796 billion VND (regular expenditure 35,136 billion VND; development investment expenditure 43,600 billion VND).

In the process of budget expenditure management, the province has promoted the restructuring of public investment, ensuring high concentration, right focus, key points, spreading, enough to attract and lead non-budgetary investment; thoroughly implementing savings in regular expenditure, increasing the proportion of development investment expenditure in total local budget expenditure (55%); overcoming the situation of fragmentation, prolongation, spread, and waste.

Development investment capital has been promptly allocated to key and dynamic projects and works. Of which, capital has been allocated to start new construction of 82 projects in the medium-term public investment plan for the period 2021-2026. The annual disbursement rate of public investment capital has always met and exceeded the plan assigned by the Prime Minister and has been increasingly improved. In 2021, the province's public investment capital disbursed 91.4%; in 2022, it disbursed 91.9%; in 2023, it disbursed 92% compared to the plan assigned by the Provincial People's Council at the beginning of the year.

In 2024, Quang Ninh province is determined to complete the state budget revenue target of no less than VND 55,600 billion and strive to disburse public investment capital to reach 100% of the plan. The experiences gained in the process of state budget management and operation in the past time are an important driving force for Quang Ninh to continue to make breakthroughs in the development process ahead, becoming a rich, beautiful, civilized and modern province of the country.


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