The Bases for Formulating Local Budget Estimates

16:55, 11/07/2024

The People's Committees at all levels shall prepare the state budget revenue estimates in the locality (district-level and commune-level People's Committees shall prepare the state budget revenue estimates for revenue items allocated to their management), and the local budget revenue and expenditure estimates (for provincial and district levels, including their respective budgets and the budgets of subordinate levels).

To prepare the local budget estimate, the People's Committee must rely on the following bases:

- Objectives and tasks for socio-economic development, assurance of national defense, security, foreign affairs, and gender equality;- State budget revenue policies, budget allocation norms, and policies, standards, and norms for budget expenditure;- The 05-year local financial plan and the 03-year local financial-state budget plan (for provinces and centrally-governed cities); the 05-year medium-term public investment plan for the locality;- The situation of implementing the current year's local budget;- The revenue and expenditure tasks assigned by higher-level authorities; revenue sources, and budgetary expenditure tasks that are decentralized; budget estimate reports from various agencies, units under the same level, and directly subordinate locales;- Other bases as prescribed in Article 41 of the Law on State Budget and the guiding documents to implement the Law on State Budget.

More details can be found in Decree 31/2017/ND-CP, effective May 10, 2017.

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