On the afternoon of December 31, the Ministry of Finance held a national online conference to review the state budget and finance work in 2024 and deploy tasks for 2025. Comrade Pham Minh Chinh, Politburo member and Prime Minister attended and delivered a speech at the conference.
Prime Minister Pham Minh Chinh and leaders of the Ministry of Finance chaired a conference to deploy tasks for the financial sector in 2025. (Photo: VNA)
Attending the conference at the Hanoi bridge point were Deputy Prime Minister Ho Duc Phoc and representatives of leaders of central departments, ministries and branches.
Comrade Do Minh Tuan, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee and delegates attended the conference at the Thanh Hoa province bridge.
Attending the conference at Thanh Hoa province bridge were comrade Do Minh Tuan, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee and representatives of relevant departments and branches.
Excellent completion of financial tasks - State budget
Implementing the resolutions of the Party, the National Assembly, the Government, and the drastic and timely direction of the Government and the Prime Minister, in 2024, the Finance sector has proactively and resolutely deployed solutions, successfully completed the assigned tasks of finance - State budget, contributing to supporting the economy, removing difficulties for businesses and people, promoting economic growth, ensuring social security and people's lives. At the same time, advising and submitting to the Prime Minister to issue telegrams and directives to rectify, tighten discipline and order in compliance with the law on finance, State budget revenue and expenditure; developing safe, transparent, effective and sustainable securities, corporate bond and insurance markets; strengthening price and market management...
Delegates attending the conference at Thanh Hoa bridge point.
By December 27, 2024, the state budget revenue reached 1,977.3 trillion VND, equal to 117.4% of the estimate. Of which, domestic revenue reached 115.2% of the estimate, revenue from crude oil reached 126.2% of the estimate, and balanced revenue from import-export activities reached 134.2% of the estimate.
The Ministry of Finance has directed tax and customs agencies to focus on drastically implementing collection work right from the last days of the year, urging full and timely collection of arising amounts, amounts that have expired the extension period according to regulations, amounts receivable according to the conclusions and recommendations of the State Inspectorate and Audit agencies... Striving to collect an estimated VND 2,025.4 trillion for the whole year, an increase of 19.1% compared to the estimate, an increase of 15.5% compared to the implementation in 2023.
Along with the results of state budget revenue, thanks to proactive management, state budget expenditure tasks in 2024 basically completed the set targets. Total state budget expenditure by December 31, 2024 is estimated at about VND 1,830.8 billion, equal to 86.4% of the estimate.
The results of state budget revenue and expenditure have contributed to ensuring the balance of the central and local budgets. The estimated state budget deficit in 2024 (including the Recovery Program) is about 3.4% of GDP, a decrease of VND 10,000 billion compared to the estimate.
During the year, the Ministry of Finance focused on directing units to promote digital transformation, modernization, and application of information technology in the field of financial management - State budget. The total number of online public services under the Ministry of Finance's management is 747 public services. At the same time, 284 online public services have been integrated into the national public service portal...
Chairman of the Provincial People's Committee Do Minh Tuan and delegates attended the conference at the Thanh Hoa province bridge.
At the conference, delegates discussed and analyzed the results achieved, difficulties and obstacles in the process of implementing the financial - state budget tasks; at the same time, proposed solutions and demonstrated determination in implementing the financial - state budget tasks in 2025 with the goal of building and operating fiscal policies in harmony with monetary policies, contributing to maintaining macroeconomic stability, controlling inflation, ensuring national financial safety. Ensuring resources to implement socio-economic development tasks, national defense - security, social security, focusing on investment sources for important infrastructure, national key, regional and inter-regional connectivity.
Synchronously implement solutions to ensure national financial and monetary security.
Speaking at the conference, Prime Minister Pham Minh Chinh acknowledged, commended and highly appreciated the efforts, endeavors and determination of the Finance sector to achieve outstanding results in 2024 in the context of the economy being affected by many factors and facing many difficulties and challenges.
Analyzing and pointing out some existing problems, limitations, causes of existing problems and limitations as well as lessons learned, the Prime Minister suggested that in 2025, the Finance sector needs to make more efforts and be more determined to effectively carry out the assigned tasks, contributing to creating the premise and foundation for economic growth.
In the immediate future, we will focus on promoting and effectively implementing the restructuring of the apparatus with a spirit of determination and resoluteness, only discussing action, not retreating. At the same time, we will focus on reviewing and perfecting institutions and policies to create a foundation for mobilizing resources for development.
Focus on proactive and flexible fiscal policy management; synchronously, closely and smoothly coordinate fiscal policy with monetary policy, contributing to maintaining macroeconomic stability, controlling inflation, and ensuring major balances.
Continue to do well in collecting the State budget with the viewpoint of collecting correctly, fully, and promptly, supplementing resources for development. At the same time, manage and operate budget expenditures strictly and economically. Thoroughly save, fight waste, especially regular expenditures that are not really urgent.
The Prime Minister also requested the Finance sector, central and local agencies to continue to strengthen financial discipline; improve the efficiency of management, allocation and use of the State budget and public assets, in line with the goal of economic restructuring and sustainable development; step up inspection and examination work, and promptly handle violations.
Continue to promote administrative reform and digital transformation in the financial and budgetary sectors. Complete and synchronize national and financial sector databases to ensure connectivity and data sharing to serve businesses and people.
The Prime Minister requested the Finance sector to actively and proactively integrate into international finance and improve the effectiveness of foreign affairs. At the same time, it should build solidarity and internal unity to effectively carry out assigned tasks and ensure national financial and monetary security.
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Source: https://baothanhhoa.vn/trien-khai-nhiem-vu-tai-chinh-ngan-sach-nha-nuoc-nam-2025-235468.htm
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