What is approving the state budget estimates for 2023 in Vietnam?

What is approving the state budget estimates for 2023 in Vietnam? What is implementation of salary policies according to the state budget estimates for 2023 in Vietnam? What are supervising and auditing implementation of state budget estimates in Vietnam?

Please advise according to latest regulations.

What is approving the state budget estimates for 2023 in Vietnam?

Article 1 of Resolution 69/2022/QH15 (effective from December 26, 2022) stipulates approving the state budget estimates for 2023 as follows:

1. Total state budget revenue is 1.620.744 billion VND.

2. Total state budget spending is 2.076.244 billion VND.

3. State budget deficit is 455.500 billion VND, corresponding to 4,42% GDP, including:

Central government budget deficit is 430.500 billion VND, corresponding to 4,18% GPD;

Local government budget deficit is 25.000 billion VND, corresponding to 0,24% GDP.

4. Total loan of state budget is 648.213 billion VND.

(Appendices No. I, II, III, and IV attached hereto)

What is implementation of salary policies according to the state budget estimates for 2023 in Vietnam?

Article 3 of Resolution 69/2022/QH15 (effective from December 26, 2022) stipulates implementation of salary policies according to the state budget estimates for 2023 as follows:

1. General reform of salary policies according to Resolution No. 27-NQ/TW dated May 21, 2018 of the 7th Meeting of the 12th Central Executive Committee is not yet implemented in 2023. From July 1, 2023, raise statutory pay rate of officials, public officials, and public employees to 1,8 million VND/month; increase pension and social insurance allowance by 12,5% for beneficiaries of state budget allowance and provide additional support for persons retiring before 1995 with low benefit level; increase standard allowance level for persons with meritorious services no lower than the poor household standard in urban areas and increase expenditure on social security policies associated with statutory pay rate by 20,8%. From January 1, 2023, raise professional allowance of preventive and center-based healthcare workers according to Conclusion No. 25-KL/TW dated December 30, 2021 of the Politburo.

2. Continue to implement specific financial and income regulations in regard to agencies and entities that are implementing specific financial and income regulations in central level for several state agencies and administrative units until general reform of salary policies under Resolution No. 27-NQ/TW dated May 21, 2018 of the 7th Meeting of the 12th Central Executive Committee is implemented; monthly salaries and additional income calculated using the statutory pay rate of 1,8 million VND/month from July 1, 2023 must not exceed the average increased salaries and income of 2022 (excluding the salaries and additional income brought by adjustment of rank-based pay rate or increase in work rank).

3. Ministries, central government authorities, and local government authorities shall adopt solutions for generating resources for salary policy reform as per the law. During 2023 - 2025, continue to exclude some revenues when calculating revenues of local government budget in order to implement salary reform in accordance with Resolution No. 34/2021/QH15 dated November 13, 2021 of the National Assembly.

What are supervising and auditing implementation of state budget estimates in Vietnam?

Article 5 of Resolution 69/2022/QH15 (effective from December 26, 2022) stipulates supervising and auditing implementation of state budget estimates as follows:

1. Standing Committee of the National Assembly, Finance and Budget Committee, Council for Ethnic Affairs, and other Committees of the National Assembly, the National Assembly deputies’ delegations, National Assembly deputies, Vietnamese Fatherland Front, and member organizations, within their tasks and powers, shall supervise the implementation of this Resolution.

2. State audit, within their tasks and powers, shall audit the implementation of this Resolution to ensure compliance with the law.

Best Regards!

Related Posts
LawNet
Can a member be expelled from the Union for not paying union dues in Vietnam?
LawNet
What are standards for professional title of autioneer in Vietnam from February 10, 2025?
LawNet
What are details of the Circular 19/2024/TT-BTP guiding the Law on Asset Auction by the Law on Asset Auction 2024 in Vietnam?
LawNet
What is the minimum deposit required for purchasing public assets through price listing in Vietnam?
LawNet
Decree 172/2024/ND-CP detailing the implementation of certain articles of the Law on Asset Auction in Vietnam
LawNet
Circular 89/2024/TT-BTC abolishing 12 Circulars on land finance in Vietnam from December 25, 2024
LawNet
Gifting to people with contributions to the revolution in Vietnam on the occasion of Lunar New Year in 2025
LawNet
From January 01, 2025, what are criteria for classification of group A public investment projects in Vietnam? Which projects shall be granted the Decision on the investment policy by the Prime Minister of Vietnam?
LawNet
Will the Public Investment Law 2024 in Vietnam be effective from January 1, 2025?
LawNet
Milk and functional foods for children under 06 years old will subject to price stabilization and price declaration in Vietnam from January 01, 2025
Lượt xem: 0
Latest Post

Đơn vị chủ quản: Công ty THƯ VIỆN PHÁP LUẬT.
Chịu trách nhiệm chính: Ông Bùi Tường Vũ - Số điện thoại liên hệ: 028 3935 2079
P.702A , Centre Point, 106 Nguyễn Văn Trỗi, P.8, Q. Phú Nhuận, TP. HCM;