Reduction of Central Budget Support for the Implementation of Social Security

Duy Thinh

13:39, 11/07/2024

This is a notable point mentioned in Decision 1916/QD-TTg regarding the assignment of the State budget estimate for the year 2018.

To implement the State budget estimates for 2018, the Government of Vietnam assigns the provinces and centrally-run cities to undertake the following tasks:

- Reduce the demand for support from the central budget to implement social security policies; strive to increase revenue, save on expenditures, and use the surplus wage reform funds from the local budget to implement the social security policies issued by the central government;- Continue to use the revenue from lottery tickets for development investment;- Allocate funds to carry out inspections, handle and destroy unsafe food;- Allocate sufficient funds for the promulgated policies, ensuring no old policy debts;- Decide on local budget recurrent expenditure estimates prioritizing for development investment, restructuring the budget according to Resolution 07-NQ/TW.

The Decision 1916/QD-TTg comes into effect from November 29, 2017.

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