Principles, criteria and norms for allocation of Vietnam's state budget in 2022

Duc Dung

14:32, 10/09/2021

On September 1, 2021, the Standing Committee of the National Assembly of Vietnam promulgated Resolution 01/2021/UBTVQH15 stipulating principles , criteria and norms for allocation of recurrent expenditure estimates of the state budget in 2022

According to this Resolution, the principles and criteria for allocation of recurrent expenditure estimates of the state budget are as follows:

- Focus on allocating funds for essential fields and areas of ethnic minorities, mountainous areas with special difficulties and difficulties, border areas and islands;

- Prioritize the implementation of salary reform under Resolution 27-NQ/TW dated May 21, 2018;

- Practice to save and prevent waste;

- Reduce expenses for conferences, seminars and delegations going abroad;

…

In addition, the norm of allocation of recurrent expenditure estimates for provinces and centrally-run cities must adhere to a number of other principles such as:

- The population criterion is the leading criterion and is divided into four regions: extremely difficult areas, disadvantaged areas, urban areas and the rest;

- The promulgation and implementation of a new regime that increases state budget expenditures shall comply with the provisions of Clause 4, Article 9 of the Law on State Budget from the 2022 budget year,;

For details, see Resolution 01/2021/UBTVQH15 of Vietnam effective from the 2022 budget year.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

63 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email [email protected]