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This morning, the National Assembly Standing Committee commented on the additional evaluation report of the results of the implementation of the state budget in 2019, the implementation of the estimate of the state budget in 2020.
Finance Minister Dinh Tien Dung said total state budget revenue reached 1.55 million dong, exceeding 139.77 trillion dong compared to the estimate, an increase of 93.77 trillion dong compared with the planning report; The mobilization rate towards the state budget reached 25.7% of GDP, particularly of taxes and fees, reached 21.1% of GDP.
Conventional debt is equal to 54.7% of GDP, below the norm.
Total state budget spending reached nearly 1.748 billion dong, exceeding 114.7 billion dong compared to the estimate, an increase of 81.2 billion dong from the QH report.
According to the Minister of Finance, the big problem in management in 2019 is that the progress of the disbursement of public investment capital from the state budget continues to be slow, reaching approximately 70.8% of the annual estimate and approximately 128.96 trillion VND of non-capital. disbursed. The bank must transfer sources to 2020.
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| Finance Minister Dinh Tien Dung |
For sources of excess income and expenditure savings from the central budget in 2019, the total was 49.1 trillion dong, including 32.2 trillion ddn in excess income (excluding aid income) and 16, 9 trillion dnd. At the same time, the Government has submitted to the Standing Committee of the National Assembly for a decision on the organization of tasks.
Specifically, creating sources of wage policy reform under Resolution No. 27 is VND 12.88 billion; reward excess income and invest again in a specific mechanism for VND 2.1 trillion locations; implement a policy to support people in distress due to the 20 billion VND Covid-19 pandemic; Support to guarantee the balance of the central budget and carry out urgent tasks in the socioeconomic development in 2020 of VND 14.1 trillion.
As for the excess income from the local budget, the total is 106 trillion dong, after using the excess land use rate, the lottery to supplement the investment capital of major projects 73.38 billion and the The source of the salary reform in 2020 and accumulated for the period 2021-2025 is 22.8 billion, the rest is used according to the content specified in the SBL.
However, due to the impact of the Covid-19 pandemic, the Government informed the Standing Committee of the National Assembly to obtain guidance to suggest locations to prioritize the remaining income increase to carry out the task of preventing and fighting epidemics. and support people. affected by the Covid-19 epidemic and support to ensure the balance of the local budget in case of income shortages compared to the assigned plan.
The Minister said that overspending of the state budget last year was VND 202.97 trillion, equivalent to 3.36% of GDP realized, a reduction of VND 19 trillion compared to the estimate. In which the central budget deficit decreased by 6.5 trillion dong, the local budget deficit decreased by 12.5 trillion dong.
At the end of December 31, 2019, the pending debt of the convention amounted to 54.7% of GDP, the pending debt of the government was 47.7% of GDP and the nation’s external debt was 47% of GDP (target for the period 2016 -2020., Respectively, 65%, 54% and 50% of GDP).
The deficit reduction showed a great effort by the Government
Verification report, the chairman of the Finance and Budget Committee, Nguyen Duc Hai, said that the results of the income of the state budget in 2019 show the efforts of the government, the ministries and the localities, of the business community.
However, Mr. Hai pointed out that there are some limitations, such as the forecast for the estimate is not close, the structure of the revenue of the state budget in 2019 is not very sustainable …
The Finance and Budget Committee said the priority focuses on creating the source of the wage policy reform in accordance with Resolution No. 27 and spending urgent spending to support people in distress due to the Covid pandemic- 19. The government is reasonable and properly regulated. The Commission suggested that the Government assign this capital soon and report to the National Assembly.
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| Chairman of the Finance and Budget Committee Nguyen Duc Hai |
Regarding overspending, most of the opinions in the Committee basically agreed with the Government’s evaluation and said that, although there was a high demand for expenses and many important and urgent tasks, the reduction of the annual deficit of the 2019 state budget has demonstrated a great effort by the Government to toughen up the discipline, discipline and management of the state budget.
Regarding public debt, the Finance and Budget Committee said that everything decreased compared to the estimate and compared to the reported number. This shows that the public debt situation continues to be managed and controlled more strictly. In fact, around 16.9 trillion dong were saved to pay interest on the loan compared to the estimate.
Regarding the allocation and allocation situation of the state budget in 2020, Minister Dinh Tien Dung said that QH decided that the total revenue was more than 1,512 million dong; total spending is more than VND 1,747 million; The state budget deficit was 234.8 trillion dong (3.44% of GDP).
Regarding the situation of income and expenses in the first 4 months of 2020, Dung said, total income reached VND 491.38 trillion, equivalent to 32.5% of the estimate, 5.9% less compared to the same period in 2019 (the same period in 2019 reached 37% of the estimate, 14.9% more).
Due to the impact of the Covid-19 pandemic, many companies had to reduce their production and commercial activities due to market difficulties, interrupted supply of raw materials, inputs, demand for goods and services. strong, … creating increasing pressure on state budget revenue.
Total state budget spending in the first four months of the year reached 472.1 trillion dong, equivalent to 27% of the estimate, 9.8% more than in the same period in 2019.
To guarantee the source of payment of the main debts, in the first 4 months, the Ministry of Finance issued nearly VND 43.9 trillion of government bonds, with an average term of 16.33 years and interest. average yield 3.06% / year.
According to the Minister of Finance, in the coming months, the economy continues to face many difficulties, achieving the growth target of 6.8% is a great challenge.
Thu Hằng
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