Politics

NA passes resolution on 2021 State budget settlement

The 15th National Assembly (NA) on June 19 adopted a resolution approving State budget settlement in 2021, during its ongoing fifth plenary session.
NA passes resolution on 2021 State budget settlement ảnh 1NA deputies at the session (Photo: VNA)
Hanoi (VNA) – The 15th National Assembly (NA) on June 19adopted a resolution approving State budget settlement in 2021, during itsongoing fifth plenary session.

In the resolution, the total state budget revenue was nearly 2.388 quadrillion VND (101 billion USD), while the total state budget spending was morethan 2.484 quadrillion VND, resulting in an overspending of 214 trillion VND,equal to 2.52% of the country’s gross domestic product (GDP).

Therefore, the total loan amount from the state budget to coveroverspending and repay the principal was 455.92 trillion VND.

NA passes resolution on 2021 State budget settlement ảnh 2An overview of the plenary session (Photo: VNA)
Total budget revenue exceeded 17.2% of the estimate, ofwhich domestic collection exceeded 15.9%, and revenue from import and exportactivities, 21.2%.

The resolution assigns the Government to publicise the statebudget settlement in 2021 in accordance with the provisions of law; and to directministries, agencies, People's Committees at all levels and units managing andusing the state budget to take drastic and concerted measures to strengthen financialdiscipline, and management, use and settlement of the state budget to removelimitations./.
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