National Assembly approves spending over 122,000 billion VND on cultural development in 5 years

On November 27, with 430 delegates in favor (89.77%), the National Assembly voted to pass the "Resolution of the National Assembly on investment policy for the National Target Program on Cultural Development for the 2025-2035 period".

Accordingly, the total capital to implement the National Target Program on Cultural Development for the 2025-2035 period is at least VND 122,250 billion.

Of which, the central budget capital is 77,000 billion VND (accounting for 63%), including development investment capital of 50,000 billion VND and public service capital of 27,000 billion VND.

Local budget capital is 30,250 billion VND (accounting for 24.6%); other capital sources are expected to be about 15,000 billion VND (accounting for 12.4%).

The National Assembly voted to pass the National Assembly Resolution on investment policy for the National Target Program on Cultural Development for the 2025-2035 period. (Photo: quochoi.vn)

During the operation process, the Government continues to balance the central budget to prioritize additional support for the Program in accordance with actual conditions and has appropriate solutions to mobilize all legal capital sources for implementation.

The National Assembly requires that the central budget allocated to the Program must be invested in a focused, key and sustainable manner, focusing on the contents that need to be prioritized to create breakthroughs in cultural development.

According to the National Assembly Resolution, investment needs to be decentralized to create initiative for local authorities.

One of the specific mechanisms and policies in implementing the Program is to invest in building Vietnamese Cultural Centers abroad.

Presenting the report explaining, receiving and revising the draft Resolution, Chairman of the Committee for Culture and Education Nguyen Dac Vinh said that regarding funding, there were concerns that the rate of other capital sources accounting for 12.4% was still high, lacking feasibility for localities with difficulties.

The National Assembly Standing Committee explained that other sources of capital mobilized to implement the Program include capital from enterprises, organizations, and individuals participating in project implementation; capital mobilized through investment attraction policies; voluntary contributions from people (money, goods, working days)...

According to Mr. Nguyen Dac Vinh, the rate of 12.4% is the average rate in the whole country. In areas with developed socio-economic conditions, especially localities developing cultural industries, the rate will be higher.

As for localities with difficult socio-economic conditions, it is possible to mobilize people's contributions in the form of working days and materials.

"When the Program is implemented effectively, its activities will benefit the community itself, attracting contributions from the residential community and businesses," the National Assembly Standing Committee stated its opinion.

Wisdom

Source: https://vtcnews.vn/quoc-hoi-chot-danh-hon-122-000-ty-dong-phat-trien-van-hoa-trong-5-nam-ar909879.html