Prime Minister: By 2025, all financial resources must be mobilized to invest in major projects.

The Prime Minister directed that in 2025, the financial sector must perfect policy mechanisms, increase revenue and save expenditure to mobilize all resources for development, prioritize capital for large projects such as high-speed railways, etc.

The Prime Minister directed that by 2025, all financial resources must be mobilized to invest in major projects - Photo: MOF

Prime Minister directs to increase revenue and save expenditure by 2025

On the afternoon of December 31, the Ministry of Finance held a conference to review financial and budgetary tasks in 2024 and deploy tasks in 2025.

Speaking at the conference, Prime Minister Pham Minh Chinh commended and highly appreciated the budget revenue and expenditure in 2024. Accordingly, the budget revenue in 2024 exceeded the 2 million billion VND mark for the first time, exceeding the estimate by more than 300,000 billion VND, while expenditure was economical.

Regarding the 2025 mission, the Prime Minister assessed that the world and regional economic and political situation continues to have many complicated developments. As for Vietnam's economy, we are in the process of transformation, the scale is still modest, and resilience is limited.

Therefore, to ensure economic growth of at least 8% for the whole year, the Prime Minister requested the financial sector to increase revenue and save expenditure. At the same time, perfect the policy mechanism to focus on mobilizing all financial resources for national development.

He suggested that we must have breakthrough thinking, strategic vision, think deeply and do big things, dare to think, dare to do, dare to take responsibility, and match words with actions, from there we can exploit all resources for national development.

According to the Prime Minister, it is necessary to increase revenue and save expenditure to focus capital on large projects, high-speed railway energy projects, international railway connections with China and Laos, etc.

Need to boldly propose policies to support people and businesses

Regarding policy mechanism building, the Prime Minister noted that the Ministry of Finance needs to boldly propose tax policies to support businesses and people.

"Here, I would like to criticize the Ministry of Finance for proposing policies to support businesses and people that are sometimes not timely, but are also too cautious and have not surpassed themselves.

For example, the reduction of 2% value added tax for some groups of goods and services with a tax rate of 10% has been proposed and applied 6 times since the COVID-19 pandemic. But each time it is proposed, it is reviewed and re-reviewed.

For example, this year, it should have proposed to reduce the value added tax by 2% for the whole year, but the ministry only did it for 6 months. In 6 months, with the current difficult economic situation, you have to continue to propose. Therefore, the Ministry of Finance should learn from experience, and whatever it does, it must choose the most effective thing" - the head of the Government requested.

He also added that in 2024, the total amount of tax, fee, charge and land rent exemptions, reductions and extensions for businesses and people is estimated at nearly 200,000 billion, while the budget will exceed revenue by more than 300,000 billion VND.

Revenue has exceeded estimates in the past three years. It is clear that the support policy is effective, so we should boldly propose it.

By 2025, the apparatus must be streamlined.

Also at the conference, the Prime Minister directed the Ministry of Finance in 2025 to focus highly on summarizing Resolution No. 18 and promoting the restructuring of the apparatus to be "Refined - Lean - Strong - Effective - Efficient - Effective - Efficient".

In which, the Ministry of Finance and the Ministry of Planning and Investment will merge and must resolutely implement with the spirit of "The Party has directed, the Government has agreed, the National Assembly has agreed, the People have supported, the Fatherland has expected, then only discuss and do, not discuss backing down".

Following the Prime Minister's direction, Mr. Nguyen Van Thang - Minister of Finance - reported that the number of focal points decreased by over 2,650 focal points, equivalent to 31.4%, not maintaining the general department model; building a team of civil servants in the finance sector to meet the requirements of tasks in the new situation, daring to think, daring to do, daring to take responsibility.

According to the Ministry of Finance, in 2024, there will be a reduction of 679 positions compared to 2023, and in 2026, there will be a reduction of 3,342 positions, equivalent to a 5% reduction compared to 2022.

Source: https://tuoitre.vn/thu-tuong-nam-2025-phai-huy-dong-moi-nguon-luc-tai-chinh-dau-tu-cho-cac-du-an-lon-2024123119014081.htm