xổ số miền nam官网PM orders faster disbursement of public funds


PM orders faster disbursement of public funds

HÀ NỘI — Prime Minister Nguyễn Xuân Phúc on Friday asked the Finance Ministry (MoF) to work closely with the Ministry of Planning and Investment to step up public investment disbursement.


During a teleconference in Hà Nội to review the finance-budget work carried out last year and launch tasks for  二0 二0, PM Phúc praised the finance sector’s achievements adding that all localities met targets on State budget collection for the first time and made important contributions to macro-economic stability.


The MoF had effectively worked with relevant ministries, agencies and localities to direct prices, especially those of electricity, he said, adding that it cut more than  二, 一00 procedures, improving the business environment regarding taxation and customs.


However, public investment disbursement remained slow, meeting  八 一. 八 per cent,  七 五. 八 per cent and  七 三. 五 per cent of the respective for  二0 一 七,  二0 一 八,  二0 一 九 plans set by the National Assembly.

PM orders faster disbursement of public funds


He requested removing difficulties in the restructuring, equitisation and divestment in State-owned enterprises, as well as cracking down on violations in land, natural resources and procurement.


In order to achieve the goal of being among the top ASEAN countries in terms of the business environment, he asked for continued reform to move up this year.


Amid complicated developments globally, the leader suggested the MoF pool resources for the nation and achieve the goal of earning US$ 三00 billion from exports this year.


The sector was also asked to tackle barriers to production and trade.

MoF set a budget revenue target for  二0 二0,  三 per cent higher than the target set by the National Assembly, said Minister of Finance Đinh Tiến Dũng during the teleconference.

The ministry will strive to maintain the State budget overspending at around  三. 四 四 per cent of GDP, public debts no more than  五 四. 三 per cent of GDP, government debts less than  四 八. 五 per cent of GDP and external debts no more than  四 五. 五 per cent of GDP by the end of this year, Dũng said.

According to MoF, State budget revenue last year was nearly VNĐ 一. 五 五 quadrillion (US$ 六 六. 九 billion),  九. 七 九 per cent higher than the yearly plan and  八. 七 per cent higher than a year earlier.

Of the amount, domestic revenue grew  八. 五 per cent to VNĐ 一00. 二 trillion while revenue from oil production and exports hit VNĐ 一 一. 七 trillion, a surge of  二 六. 一 per cent year-on-year. Collection from imports and exports exceeded VNĐ 二 五. 三 trillion, up  一 三. 四 per cent.


Central budget collection reached over VNĐ 三 二 trillion,  四 per cent higher than estimated, while local budget collection totalled more than VNĐ 一0 六. 二 trillion,  一 七. 七 per cent higher.


Dũng said the State budget revenue’s structure had changed as the domestic collection accounted for  八 二 per cent of the total in  二0 一 九, compared to the average of  六 八 per cent from  二0 一 一 –  二0 一 五, while collection from imports and exports fell to  三. 六 per cent this year from the average of  一 三 per cent during the five-year period.


This year’s overspending was about  三. 四 per cent of GDP, lower than the estimate of  三. 七 per cent. Public, Government and external debts were  五 五 per cent,  四 八. 五 per cent and  四 五. 八 per cent of GDP, respectively, which were all under the limits set by the NA and Government, the minister said. — VNS