Management of the state budget in 2023

Management of the state budget in 2023
Nguyen Thi Diem My

On November 10, 2023, the National Assembly of Vietnam approved Resolution 104/2023/QH15 on state budget estimates for 2024.

Management of the state budget in 2023

- Allow the use of 145.9 billion VND to recover funds temporarily allocated in 2022 for some localities to implement rental support policies for surplus workers, transferring resources to supplement localities that lack resources to implement policies and finalize the 2023 budget year.

- Allow transferring all 13,796 billion VND of revenue increase, cutting, and saving central budget expenditures in 2021 to arrange annual public investment estimates and plans in 2023, 2024, and 2025 for the Ministry of Transport and 08 localities to implement 03 important national projects according to Resolutions 58/2022/QH1559/2022/QH15, and 60/2022/QH15.

- Allow transferring state budget estimates to implement 03 National Target Programs in 2023 (including development investment capital and regular funding from the central and local budgets) to continue implementation in 2024.

- Assign the Government to review and allocate in detail each specific spending task for each Ministry, central agency, and locality according to Report 586/TTr-CP dated October 20, 2023 of the Government; responsible for the accuracy of data, necessity, completeness, validity, compliance with standards, norms, spending regimes, and additional conditions; estimate delivery and disbursement according to the provisions of the Law on State Budget and relevant laws. For the remaining unallocated capital, based on the provisions of Resolution 70/2022/QH15, the Government urgently reviews and reports to the National Assembly or the National Assembly Standing Committee for consideration and decision. Past the time limit prescribed by law, the estimate shall be canceled.

- The Government considers and decides to allocate resources from the central budget reserve in 2023 to ensure compliance with the provisions of the law to continue to implement, soon complete, and put into use the Nam Mo River Embankment Project, section passing blocks 4 and 5 of Muong Xen town, Ky Son district, Nghe An province, according to Report 569/BC-CP dated October 19, 2023 of the Government.

More details can be found in Resolution 104/2023/QH15, dated November 10, 2023.

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