To assign estimates of revenues and expenditures of social insurance, unemployment insurance, and health insurance in Vietnam

To assign estimates of revenues and expenditures of social insurance, unemployment insurance, and health insurance in Vietnam
Duong Chau Thanh

What is the estimated revenue and expenditure of social insurance, unemployment insurance, health insurance, and management costs of social insurance, unemployment insurance, and health insurance in 2023? – Khanh Thi (Ha Tinh, Vietnam)

To assign estimates of revenues and expenditures of social insurance, unemployment insurance, and health insurance in Vietnam

To assign estimates of revenues and expenditures of social insurance, unemployment insurance, and health insurance in Vietnam (Internet image) 

To assign estimates of revenues and expenditures of social insurance, unemployment insurance, and health insurance in Vietnam

Content mentioned in Decision 807/QD-TTg in 2023 on assigning estimates of revenues and expenditures of social insurance, unemployment insurance, health insurance, and management costs of social insurance, unemployment insurance, and health insurance in 2023.

Specifically, the administrative costs of social insurance, unemployment insurance, and health insurance in 2023 are as follows:

- The level of social insurance management expenses in 2023 is equal to 1.47% of the estimate of social insurance revenues and expenditures (except for health insurance premiums for social insurance beneficiaries) deducted from profits from investment activities from the social insurance fund;

- The unemployment insurance management expense in 2023 is equal to 1.47% of the estimate of unemployment insurance revenues and expenditures (except for health insurance premiums paid for unemployment insurance beneficiaries) deducted from the unemployment insurance fund;

- Health insurance management expenses in 2023 will be equal to 3.38% of health insurance premiums, deducted from the health insurance fund.

Estimated target: The collection of social insurance, unemployment insurance, and health insurance in 2023 is 514,361,909 million VND. Total expenditure on social insurance, unemployment insurance, and health insurance in 2023 is 379,676,710 million VND.

The decision states, Vietnam Social Insurance, the Social Insurance Ministry of National Defense, the Social Security of People's Public Security, and the Ministry of Labor - Invalids, and Social Affairs (units assigned to implement policies on unemployment insurance, occupational accident, and occupational disease insurance in the labor sector) proactively review, save, and cut expenses that are not really necessary within the scope of assigned management expenses to ensure task performance.

Also in the document, the Prime Minister authorized the Minister of Finance to adjust the estimate between the tasks of expenditure on the operation of the apparatus and spend on performing the tasks of propaganda, developing participants, managing beneficiaries, training and fostering professional skills, reforming administrative procedures, collecting revenue; espenses for the regime, inspection and examination assigned in 2023, between units, between the above expenditure tasks in the same unit and adjust the structure of expenditure tasks from management costs on the basis of the proposal of Vietnam Social Insurance and relevant agencies to ensure it is suitable with the actual situation (if necessary) after it has been approved by the Social Insurance Management Council.

The detailed allocation of development investment capital shall comply with the provisions of the law on public investment and the law on construction.

Spending on information technology application in the management of social insurance, health insurance, and unemployment insurance shall comply with programs and plans approved by competent authorities; and with the order and procedures as prescribed by the law on information technology application in the operation of State agencies.

The Ministry of Finance, Vietnam Social Security, the Ministry of Labor, War Invalids, and Social Affairs, the Ministry of National Defense and the Ministry of Public Security take full responsibility before the Prime Minister  and relevant agencies for information and data reported and proposed.

Duong Chau Thanh

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