Vietnam: Ensure the allocation and detailed assignment of state budget expenditure plans for each public investment project disbursed before December 31, 2022?
- How to build a state budget expenditure estimate in 2023 in Vietnam?
- Ensure the allocation and delivery of detailed state budget expenditure plans for each public investment project disbursed before December 31, 2022 in Vietnam?
- How to spend the state budget for the tasks of management and use of state capital in Vietnam?
How to build a state budget expenditure estimate in 2023 in Vietnam?
According to Section I of Directive 12/CT-TTg 2022 on state budget estimates in 2023, issued by the Prime Minister of Vietnam
- Develop the state budget expenditure estimate in 2023 to ensure the provisions of law;
+ Principles, criteria and norms for allocation of development investment capital and recurrent expenditures of the state budget approved by competent authorities; meeting the budget restructuring requirements according to the Politburo's Resolution No. 07-NQ/TW, in association with the implementation of the policy of reorganizing the apparatus, streamlining the staff, and serving as a focal point in the public non-business sector. established according to Resolutions No. 18-NQ/TW and No. 19-NQ/TW of the 6th Plenum of the Central Committee (Term XII). Striving to balance resources to implement the reform of salary and social insurance policies according to Resolutions No. 27-NQ/TW and Resolution No. 28-NQ/TW of the 7th Central Conference (Term XII).
+ Prioritize capacity building of the health system, especially preventive medicine and grassroots health care is necessary and urgent places, strengthening capacity for disease prevention and control; implement solutions to accelerate the implementation of digital transformation, development of the digital economy, and digital society.
+ Actively review overlapping policies and tasks, prioritize expenditures according to their urgency, importance, and implementation ability in 2023 to complete tasks and programs submissions, projects and schemes approved by competent authorities on the basis of the allocated state budget and other lawful mobilized sources.
+ Only submit to competent authorities for promulgation new policies, schemes and tasks when absolutely necessary and with guaranteed sources; fully anticipate the funding needs for the implementation of new policies, regimes and tasks already decided by competent authorities;
+ Not arrange expenditure estimates for policies that have not yet been issued.
+ Thoroughly grasping the principles of publicity and transparency, and requiring the implementation of radical savings and anti-wastefulness right from the stage of task identification, ensuring the consistent implementation of tasks from the stage of estimating to the implementation of the allocating, managing, and using the state budget.
+ Continue to promote the arrangement, restructuring, strengthening of management and effective use of revenue from equitization and divestment of state-owned enterprises.
Vietnam: Ensure the allocation and detailed assignment of state budget expenditure plans for each public investment project disbursed before December 31, 2022?
Ensure the allocation and delivery of detailed state budget expenditure plans for each public investment project disbursed before December 31, 2022 in Vietnam?
According to subsection 2, Section I of Directive 12/CT-TTg 2022 on the state budget estimate in 2023, issued by the Prime Minister of Vietnam
- About development investment spending
+ Estimate of expenditures for development investment and development of the state budget in 2023, including estimates of expenditures for tasks and projects under the medium-term public investment plan for the period 2021-2025 that have been assigned and estimated by competent authorities. spending on tasks and projects under the Socio-economic Restoration and Development Program, in which:
- Formulation of plans must be consistent with the provisions of law and the ability to balance the state budget in the year; consistent with the plan for allocation of the medium-term public investment plan of state budget capital for the period 2021-2025, the plan and progress of implementation of tasks and projects under the Socio-economic Development and Recovery Program, and the plan. National finance, borrowing and repaying the 5-year public debt in the 2021-2025 period.
- The plan for public investment with state budget capital in 2023 for tasks and projects must be suitable to the implementation and disbursement capacity of each project, ensuring that it can be allocated and assigned details to the project in advance. December 31, 2022;
+ Overcome delay in allocation, assign detailed plans to tasks and projects.
- For tasks and projects under the medium-term public investment plan for the 2021-2025 period:
+ Allocate capital in accordance with the order of priority specified in the Law on Public Investment, Resolution No. 29/2021/QH15 dated July 28, 2021 of the National Assembly on the Medium-term Public Investment Plan for the 2021-2025 period and Decree No. Decision No. 973/2020/UBTVQH14 dated July 8, 2020 of the National Assembly Standing Committee on principles, criteria and norms for allocating public investment capital from the state budget for the period 2021-2025.
+ Particularly for foreign capital, the arrangement of the plan must be consistent with the contents of the Agreement and commitments with donors;
+ Prioritize allocating sufficient capital for projects that end the foreign loan agreement in 2023 and cannot be extended.
- For tasks and projects under the Socio-Economic Restoration and Development Program:
+ Proposal to allocate capital for tasks and projects that have completed investment procedures on the list of projects announced by the Prime Minister of Vietnam (Document No. 450/TTg-KTTH dated May 20, 2022 and other notice of the Prime Minister of Vietnam (if any));
+ The amount of capital allocated to the project is according to the disbursement capacity and the project implementation schedule.
How to spend the state budget for the tasks of management and use of state capital in Vietnam?
According to subsection 2, Section I of Directive 12/CT-TTg 2022 on the state budget estimate in 2023, issued by the Prime Minister of Vietnam
- Regarding state budget expenditures for tasks under the Law on management and use of state capital invested in production and business at enterprises:
+ comply with the provisions of Decree No. 148/2021/ND-CP dated December 31, 2021 of the Government on management and use of revenues from conversion of ownership of enterprises, public non-business units, and revenue sources. from the transfer of state capital and the difference in equity is larger than the charter capital in the enterprise.
- Continue to implement Resolution No. 18-NQ/TW of the 6th Plenum of the Central Committee (Term XII) and Conclusion 28-KL/TW dated February 21, 2022 of the Politburo on downsizing and restructuring. the contingent of cadres, civil servants and public employees (Conclusion 28-KL/TW), requesting ministries, central and local agencies to direct their estimating agencies and units to thoroughly save money. recurrent expenditures, especially public procurement, domestic and foreign business trips, use of public cars, organization of conferences, seminars, research, surveys, saving electricity, petrol, … on that basis, in addition to continuing to save 10% of recurrent expenditures to create a source of wage reform according to regulations.
+ Save an average of 10% of state budget recurrent expenditures compared to the 2022 estimate of state administrative agencies right from the stage of estimate making (except for salaries, allowances and expenses). based on salary, expenses of salary nature, expenditures for people according to the regime and specific expenses that cannot be reduced such as annual contributions, expenses under signed contracts for the supply of goods and services. in advance and will continue to be implemented in 2023) to reserve the source of increased spending on development investment and other urgent tasks under the expenditure responsibility of budget levels according to decentralization.
- Develop cost estimates for public non-business units on the basis of orientations in Resolution No. 19-NQ/TW of the 6th Plenum of the 12th Central Committee, Resolution No. 01/2021/UBTVQH15 and Decision No. 30 /2021/QD-TTg dated October 10, 2021 of the Prime Minister on principles, criteria and norms of recurrent state budget expenditure in 2022 (Decision No. 30/2021/QD-TTg) and regulations in Decree No. No. 60/2021/ND-CP dated June 21, 2021 of the Government on the financial autonomy mechanism of public non-business units.
+ Public non-business units that cover part of their recurrent expenditures under ministries and central agencies that develop state budget expenditure estimates in 2023 will reduce at least 3% of direct support expenditures from the state budget compared to the 2022 estimate, reduce non-business payrolls receiving salaries from the state budget in accordance with Resolution No. 19-NQ/TW;
+ Public non-business units whose recurrent expenditures are guaranteed by the state budget of ministries and central agencies will continue to reduce at least 2% of direct expenditures from the state budget compared to the 2022 estimate, except for basic public services and equipment. weakly guaranteed by the state budget.
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