On the morning of November 13, with 428/430 delegates participating in the vote, the National Assembly passed the Resolution on the state budget estimate for 2025. The National Assembly agreed on the 2025 budget revenue of more than 1.96 million billion VND, budget expenditure of more than 2.54 million billion VND; budget deficit of 471,500 billion VND, equivalent to 3.8% of GDP.
Before voting, the National Assembly listened to Chairman of the Finance and Budget Committee Le Quang Manh present a summary report on the reception and explanation of the assessment of the implementation of the state budget in 2024, the state budget estimate in 2025 and the draft Resolution on the state budget estimate in 2025.
Budget deficit equivalent to 3.8% of GDP
According to the Resolution on the state budget estimate for 2025, the state budget revenue in 2025 is more than 1.96 million billion VND. Using 60,000 billion VND of the accumulated fund for salary reform of the central budget and 50,619 billion VND of the remaining fund for salary reform of the local budget by the end of 2024, the remaining fund will be transferred to the 2025 budget arrangement of ministries, central and local agencies to implement the basic salary level of 2.34 million VND/month.
Total state budget expenditure was over VND2.54 trillion. The state budget deficit was VND471,500 billion, equivalent to 3.8% of gross domestic product (GDP), including: Central budget deficit was VND443,100 billion, equivalent to 3.6% of GDP; Local budget deficit was VND28,400 billion, equivalent to 0.2% of GDP. Total state budget borrowing was VND835,965 billion.
The National Assembly also decided to manage the state budget in 2024. Accordingly, the central budget revenue estimate for 2024 from non-refundable aid capital is supplemented by more than 21 trillion VND and the regular expenditure estimate for 2024 from non-refundable aid capital is supplemented by 21 trillion VND for ministries, central and local agencies. Adjust the regular expenditure estimate from foreign non-refundable aid capital in 2024 of the Ministry of Labor, War Invalids and Social Affairs.
Allow the transfer of the remaining unallocated VND 18,220 billion of the central budget revenue increase in 2023 to arrange the central budget public investment plan and estimate in 2025 for tasks and projects permitted by the National Assembly to use the general reserve of the medium-term public investment plan for the 2021-2025 period in Resolution No. 142/2024/QH15 dated June 29, 2024.
Allow the use of the source of 5% reduction and savings of regular expenditure in 2024 of the central budget and local budget to support the elimination of temporary and dilapidated houses for poor and near-poor households and support other localities to carry out this task in case the locality does not use up the source; transfer the unused funds to 2025. Assign the Government to organize the implementation.
No public sector wage increase in 2025
The National Assembly also decided not to increase public sector salaries, pensions, social insurance benefits, monthly allowances, and preferential allowances for people with meritorious services in 2025.
Ministries, central and local agencies continue to implement solutions to create sources for salary policy reform as prescribed. Allow to continue to exclude some revenue items when calculating the increase in local budget revenue for salary reform as prescribed in Clause 2, Article 3 of Resolution No. 34/2021/QH15 dated November 13, 2021 of the National Assembly.
The National Assembly allows from July 1, 2024, the scope of using the accumulated resources for salary reform of the central budget to adjust pensions, social insurance benefits, monthly allowances, preferential allowances for meritorious people and streamlining the payroll; allows the use of salary reform resources of the local budget to implement social security policies issued by the Central Government and streamline the payroll.
Allow localities to use the remaining salary reform funds to invest in regional and national connectivity projects, and key national projects implemented locally according to regulations of competent authorities in cases where the locality has a large surplus, commits to ensuring funding for salary reform and implementing social security policies issued by the Central Government for the entire roadmap until 2030 and does not request support from the central budget.
The National Assembly assigned the Government to focus on operating fiscal policies proactively, reasonably, flexibly and effectively. Resolutely implement solutions to strengthen revenue management and restructure revenue sources to ensure sustainability. Tighten discipline and order, enhance the responsibility of leaders in managing and using finance and budget. Continue to direct ministries, central and local agencies to streamline staff, arrange and organize a streamlined administrative apparatus, operate effectively and efficiently. Thoroughly direct the practice of thrift and combat waste. Strictly control state budget deficit, local budget deficit and local budget debt level, the ratio of the Government's direct debt repayment obligations compared to total state budget revenue...
Source: https://baotainguyenmoitruong.vn/thong-qua-du-toan-thu-ngan-sach-nam-2025-hon-1-9-trieu-ty-dong-383041.html
Comment (0)