Vietnamese
The State Budget Law, No. 89/2025/QH15, was passed by the National Assembly on June 25, 2025, and will take effect on January 1, 2026.
The 2025 State Budget Law provides regulations on the formulation, implementation, audit, finalization, disclosure, and oversight of the state budget; and defines the responsibilities and powers of agencies, organizations, units, and individuals involved in the state budget domain.
Article 5 of the 2025 State Budget Law defines the scope of the State budget as follows:
(1) State budget revenues include:
All revenues from taxes, charges, and fees collected from service activities carried out by state agencies;
Fees collected from service activities provided by public non-business units and organizations authorized to deliver public services, which must be remitted to the state budget in accordance with the law;
Non-refundable aid granted by foreign governments, organizations, and individuals to the State, the Government of Vietnam, and local governments; and voluntary donations and contributions from domestic and foreign organizations and individuals;
Other revenues as prescribed by law.
(2) State budget expenditures include:
Development investment expenditures;
National reserve expenditures;
Regular expenditures;
Interest payment expenditures;
Aid expenditures;
Other expenditures as prescribed by law.
(3) State budget deficit.
(4) Total borrowing of the State budget, including borrowings for deficit financing and for principal debt repayment.
(5) Sources for repaying principal debt of the State budget include borrowings for principal repayment, state budget revenue allocated in the budget estimates, revenue surplus over the estimates, unused budget expenditures, and the budget surplus.
