Development of the National Five-Year Financial Plan for the Period 2026 - 2030

National Five-Year Financial Plan for the Period 2026 - 2030

The Prime Minister of the Government of Vietnam requires the ministries, ministerial-level agencies, agencies under the Government of Vietnam, other central agencies (ministries, central agencies), and provinces and cities directly under the central government (localities) to implement the work of building the national five-year financial plan for the period 2026 - 2030.

The tasks of building the national five-year financial plan for the period 2026 - 2030 are as follows:

- Forecast the global and domestic political, economic, and financial context and situations that affect the capacity to mobilize and the demand for using financial - state budget resources in the five-year period from 2026 to 2030.

- Analyze the difficulties, challenges, and factors affecting the development and implementation of the general and specific objectives in the period from 2026 to 2030.

- Develop the general and specific financial - state budget objectives, including:

+ Revenue and revenue structure of the budget, expenditure and expenditure structure of the budget;

+ State budget deficit;

+ Debt of the Government of Vietnam, public debt, and the foreign debt of the nation;

+ Mobilization and distribution of resources, and the structure of the state budget in the five-year period from 2026 to 2030.

- Determine the state budget balance framework for the five-year period from 2026 to 2030, including:

+ Total state budget revenue, detailed revenue structure by sector;

+ Total state budget expenditure, detailed by the structure of development investment expenditure, national reserve expenditure, regular expenditure, interest payment expenditure, aid expenditure, and other expenditures; factors affecting state budget expenditures, including the comprehensive implementation of wage reform policies and policies on pensions, social insurance, and preferential allowances for meritorious persons, and social allowances;

+ Balance the state budget: State budget deficit, central budget deficit; total borrowing of the state budget, including borrowing to cover deficits and borrowing for principal repayment.

- Debt management criteria as prescribed by the Law on Public Debt Management for the period from 2026 to 2030, associated with the orientation of attracting new-generation ODA capital.

- Financial solutions tasks to implement the national five-year financial plan, including solutions to ensure the leading role of the central budget; solutions for state budget revenue; solutions for management to ensure expenditure structure and efficiency of state budget expenditure; solutions for management to ensure safety and sustainability of public debt; solutions for the development of financial markets and services, mobilizing international resources in emerging sectors; management of public assets, state-owned enterprises, innovation of public service providers, and state management sectors.

See detailed content in Directive 18/CT-TTg issued on May 28, 2024.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE