The allocation ratio of support funds from the central budget for the period 2023 - 2025 to support housing improvement in Vietnam

The allocation ratio of support funds from the central budget for the period 2023 - 2025 to support housing improvement in Vietnam

Support with specific targets from the central budget to local budgets for implementing social welfare policies issued by the central government for the period 2022 - 2025 is based on the following principles:

- The central budget supports local budgets with specific targets to be implemented based on the capacity of the central budget and the balance capacity of each local budget; simultaneously requiring localities, during the budget estimation and implementation process, to strive to increase revenue, save on local budget expenditures, and utilize other legal financial resources to implement social welfare policies. The central budget supports a maximum of:

+ 100% of the additional funding needs for localities receiving balancing supplements from the central budget;

+ 80% of the additional funding needs for localities with a revenue-sharing rate to the central budget of 20% or less;

+ 50% of the additional funding needs for localities with a revenue-sharing rate to the central budget from over 20% to 60%;

+ Remaining localities are funded by the local budget. If necessary, the Prime Minister of the Government of Vietnam will make a decision.

- The basis for determining localities receiving balancing supplements from the central budget and localities with a revenue-sharing rate to the central budget: for the period 2023 - 2025, determined according to the 2023 estimates decided by the National Assembly.

Decision 21/2024/QD-TTg takes effect from January 9, 2025, to December 31, 2025.

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