To implement the Resolution approving the final settlement of the state budget in 2021 in Vietnam

Regarding the preparation and implementation of the state budget estimates and finalization in 2021

The National Assembly highly appreciates the Government's efforts; traffic, tourism, and services were delayed with the disruption of the global supply chain affecting production and domestic trade, slowing down growth in many areas. The Government has operated a proactive, flexible, and timely fiscal policy and effectively implemented policies on tax and fee exemption and reduction, extension of tax payment deadlines, land rent, and many other policies to support businesses and people, policies on epidemic prevention and control, and social security. Total state budget revenue exceeded 17.2% of the estimate, of which domestic revenue exceeded 15.9% and balance income from import-export activities exceeded 21.2%. The management and administration of state budget expenditures in 2021 will be proactive and thrifty, and cutting recurrent expenditures is not really necessary. Prioritizing funding allocation for COVID-19 epidemic prevention and control ensure social security and stabilize people's lives. The state budget deficit is strictly managed and is lower than the estimate assigned by the National Assembly. The ratio of public debt to government debt decreased, debt maturity was extended, and capital mobilization costs decreased, contributing to strengthening national financial security and safety.

In addition to the results achieved, discipline in the observance of the law and the implementation of the Resolutions of the National Assembly on the preparation and implementation of state budget estimates and finalization are still not strict, but shortcomings and limitations lasting many years have been slowly overcome. Estimates of land use levy collection in many localities are not close to the actual implementation. Some ministries, central agencies, and localities have been slow to allocate and deliver estimates. Investment preparation work in many ministries, central agencies, and localities has not been paid much attention; slow disbursement of public investment capital; large capital construction arrears arise; source transfer expenditure continues to increase in both scale and proportion; there are still many overdue advances and uncollected advance estimates. Many ministries and central and local agencies prepare, review, approve, and send state budget finalizations behind schedule. The implementation of the conclusions and recommendations of the State Audit in some agencies and units is still slow; there are still many conclusions and recommendations that last for many years. The review and clarification of the responsibilities of a number of ministries, central agencies, and localities according to the Resolutions of the National Assembly have not been strictly implemented.