Focus on solutions to increase budget revenue

BTO-On April 12, Chairman of the Provincial People's Committee Doan Anh Dung chaired a meeting to listen to a report on the budget revenue and expenditure situation in the first quarter of 2024 and key tasks in the second quarter of 2024. Also attending the meeting were Standing Vice Chairman of the Provincial People's Committee Phan Van Dang; leaders of relevant departments and branches.

According to the report of the Department of Finance, in 2024, the estimated state budget revenue assigned by the Provincial People's Council is 10,000 billion VND, of which domestic revenue is 9,005 billion VND and revenue from import-export activities is 995 billion VND. The estimated local budget expenditure assigned by the Provincial People's Council is more than 13,970 billion VND, including: development investment expenditure of more than 3,616 billion VND, regular expenditure of more than 8,090 billion VND and expenditure for national target programs and some central tasks of more than 2,020 billion VND.

As a result, the State budget revenue in the first 3 months of 2024 was more than 3,070 billion VND, reaching 30.7% of the estimate assigned by the Provincial People's Council and increasing by 16.17% over the same period last year, of which domestic revenue was more than 2,758 billion VND, reaching relatively well (30.64%) compared to the estimate assigned by the Provincial People's Council. Local budget expenditure was more than 2,191 billion VND, reaching 15.68% of the estimate assigned by the Provincial People's Council and decreasing by 16.67% over the same period.

The budget collection task for the last 9 months of 2024 compared to the estimate assigned by the Provincial People's Council is more than 6,929 billion VND, including: Domestic revenue of more than 6,246 billion VND and revenue from import and export activities of more than 683 billion VND.

Full meeting view

At the meeting, delegates focused on discussing the achievements as well as the limitations, thereby proposing solutions to increase budget revenue in the coming time. Delegates suggested reviewing public investment projects, urging investors and project management boards to promptly complete procedures and speed up disbursement of public investment capital; removing difficulties and obstacles for non-budget investment projects. At the same time, reviewing clean land funds and promptly implementing auction activities... to increase revenue.

Chairman of the Provincial People's Committee Doan Anh Dung gave a speech directing the meeting.

Chairman of the Provincial People's Committee Doan Anh Dung acknowledged the results of budget revenue and expenditure in the first quarter of 2024. At the same time, he also pointed out that although budget revenue increased compared to the same period, it was lower than the national average, some revenue sources increased but were not stable; on the other hand, revenue management was not thorough, especially revenue sources: land, minerals... Regarding objective reasons, the Chairman of the Provincial People's Committee said that some units and local authorities have not focused on this work; there are still many limitations in grasping and forecasting the situation; administrative reform in tax and budget management is still slow; coordination between agencies and units is not close...

Emphasizing that budget revenue is a very important indicator in socio-economic development indicators. It is forecasted that in the coming time, the socio-economic situation of the province will be in a context of mixed difficulties and advantages. The province's main revenue sources such as land revenue and thermal power plant revenue are still lower than the assigned estimates. Enterprises are still facing many difficulties in production and business activities... causing difficulties in exploiting revenue sources in the province. Therefore, it is necessary to have close, regular and timely direction with specific and drastic solutions and efforts of all sectors and levels to overcome difficulties and shortcomings. The Chairman of the Provincial People's Committee requested departments, branches and localities to promote administrative procedure reform, improve the investment and business environment; support and remove difficulties and obstacles for enterprises and investors; strengthen promotion, invitation and attraction of capable and potential investors to create stable revenue sources.

The Chairman of the Provincial People's Committee noted that departments, branches and localities need to immediately overcome the situation of shirking responsibility and creating favorable conditions for businesses and investors to implement projects. Urgently promote the determination of specific land prices for projects; at the same time, review clean land funds to include them in the list of auction procedures according to regulations. In addition, it is necessary to speed up the approval of investment projects to create new sources of revenue; speed up the disbursement of public investment capital, put capital into circulation to promote economic development.

The Chairman of the Provincial People's Committee assigned the Department of Finance to coordinate with relevant agencies and units to develop a monthly budget collection plan close to the revenue source. The Provincial Tax Department has a firm grasp of the budget payers in the area. Carefully analyze low revenue sources, factors affecting revenue increases and decreases, thereby proposing appropriate and effective solutions for each revenue item; in which, focus on exploiting potential revenue sources such as: gasoline, food and beverage services, entertainment, revenue from digital platform business, e-commerce, etc.

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