What are the regulations on the state budget revenues and expenditures in Vietnam? - Thanh Tuyen (Long An)
Summary of state budget revenues and expenditures in Vietnam (Internet image)
Regarding this issue, LawNet would like to answer as follows:
State budget revenues in Vietnam under Article 2 of Decree 163/2016/ND-CP are as follows:
- Taxes paid by organizations and individuals as prescribed in laws on taxation.
- Fees paid by organizations and individuals as prescribed by law.
- Collected charges for services provided by central regulatory agencies; if the fixed operating expenditures are determined, the charges may be deducted.
- Collected charges for services provided by central public service agencies and state-owned enterprises after being deducted to cover expenditures as prescribed by law.
- Amounts payable to State budget from economic activities of the State, including:
+ Profits distributed to home country and other revenues from petroleum exploration and extraction;
+ Recovery of investment by the State in business entities;
+ Revenues from distributed dividends and profits of joint-stock companies, multi-member limited liability companies that have state capital;
+ Revenues from post-tax profit that remains after making contributions to various funds of state-owned enterprises;
+ Positive difference between revenue and expenditure of the State bank of Vietnam;
+ Recovery of loans of State (including principal and interest), other than foreign loans of the Government.
- Contributions by other organizations and individuals as prescribed by law.
- Revenues from selling state-owned property, including revenues from transfer of land use right, change of purpose of land use under the management of the State.
- Land levies; land rents, water surface rents; sea-area use levies; rents and proceeds from the sale of state-owned houses.
- Revenues from property under the State ownership; revenues from issuance of mining right or issuance of the right to exploit water resources.
- Fines for administrative violations and other fines, confiscations as prescribed by law.
- Voluntary contribution of domestic and foreign organizations and individuals.
- Grant aid provided by governments of other countries, overseas organizations and individuals for Vietnam’s State, Vietnam’s government and local governments of Vietnam.
- Revenues from financial reserve fund as prescribed in Article 11 of the Law on State budget.
- Other revenues prescribed by law.
State budget expenditures in Vietnam under Article 3 of Decree 163/2016/ND-CP are as follows:
- Capital expenditure includes:
+ Capital expenditure on projects of the fields mentioned in Clause 3 of this Article;
+ Investment in and support of capital for enterprises providing public services and products ordered by the State; business organizations and central and local financial institutions; investment of state capital in enterprises prescribed by law;
+ Other capital expenditures prescribed by law.
- Expenditure on national reserve.
- Recurrent expenditures in the following fields:
+ Defense;
+ Social safety, security, and order;
+ Education and vocational training;
+ Science and technology;
+ Healthcare, population, and families;
+ Culture and information;
+ Radio, television, and the press;
+ Sports;
+ Environmental protection;
+ Economic activities;
+ Operation of regulatory agencies, the Communist Party of Vietnam and socio-political organizations, including:
Committee of Vietnamese Fatherland Front, Confederation of Labor of Vietnam, Communist Youth Union of Ho Chi Minh City, Vietnam Veterans Association, Vietnam Women's Union, Vietnam Farmers' Union; support for operation of socio-political-professional organizations, social organizations, socio-professional organizations as prescribed by law;
+ Expenditures on social security, including expenditures on support for implementation of social policies as prescribed by law;
+ Other recurrent expenditures prescribed by law.
- Payment of interests, charges and other expenses associated with the loans taken by the Government or government of provinces.
- Aid granted from central budget to overseas Governments and organizations.
- Grant of loans prescribed by law.
- Provision of additional funding for financial reserve fund.
- Expenditures carried over to next year’s budget.
- Provision of additional funding for budget balancing, provision of dedicated additional funding for inferior budgets from the superior budget.
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