Resolution 129/2020/QH14 on allocation of central budget funds in 2021

RESOLUTION

On allocation of central budget funds in 2021

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THE NATIONAL ASSEMBLY

Pursuant to the Constitution of the Socialist Republic of Vietnam;

Pursuant to the Law on State Budget No. 83/2015/QH13;

Pursuant to the National Assembly’s Resolution No. 128/2020/QH14 dated November 12, 2020, on the 2021 state budget estimates;

On the basis of considering the Government’s Reports No. 36/BC-CP and No. 37/BC-CP dated October 15, 2020; the Committee on Financial and Budgetary Affairs’ Verification Report No. 2240/BC-UBTCNS14 dated October 19, 2020; the National Assembly Standing Committee’s Explanatory Report No. 615/BC-UBTVQH14 dated November 12, 2020; and opinions of National Assembly deputies,

RESOLVES:

Article 1. Total central budget revenue and expenditure of 2021

1. The total central budget revenue is VND 739,401 billion (seven hundred, thirty-nine thousand, four hundred and one billion Vietnam dong). The total local budget revenue is VND 603,929 billion (six hundred, three thousand, nine hundred and twenty-nine billion Vietnam dong).

2. The total central budget expenditure is VND 1,058,271 billion (one million, fifty-eight thousand, two hundred and seventy-one billion Vietnam dong) in which VND 350,804 billion (three hundred, fifty thousand, eight hundred and four billion Vietnam dong) is estimated for balancing budget funds and as target transfers to local budgets.

Article 2. Allocation of central budget funds in 2021

1. To allocate central budget funds in 2021 for every field and to every ministry and central agency as specified in Appendices I, II, III and IV to this Resolution.

2. To allocate the additional amount for balancing budget funds and target transfers from the central budget to local budgets as specified in Appendices V and VI to this Resolution.

3. The surplus levels, and levels of borrowings to offset budget deficits and borrowings for payment of loan principals of local budgets are specified in Appendix VII to this Resolution.

Article 3. Assignment for the Government

1. To assign state budget collection and spending tasks and levels of central budget funds allocated to each ministry, central agency and province and centrally run city according to regulations and notify such in writing to each delegation of National Assembly deputies of provinces and centrally run cities.

To continue to implement the special financial mechanism regulated by the competent authorities for some agencies and administrative divisions of the state until the wage reform is carried out under the Central Committee's Resolution No. 27-NQ/TW dated May 21, 2018. To assign and guide the collection and spending tasks in 2021 for these agencies and divisions to reduce expenditures at least 15% compared to that of 2020.

To allow to allocate state budget funds in 2021 to perform ongoing regimes, policies, tasks and investment projects of national target programs, target programs for the 2016-2020 period that need to be implemented in 2021 until national target programs for the 2021-2025 period come into force as decided by the National Assembly. For some expenditures for which mechanisms and policies for determining tasks are available but grounds for calculation for the latter allocation and arrangement for ministries, central and local agencies are unavailable, the Government shall review and allocate according to law provisions.

2. To direct and guide ministries, central agencies and provinces, centrally run cities to allocate investment funds from the state budget according to the priority order as specified in the Law on Public Investment and relevant resolutions of the National Assembly Standing Committee and the National Assembly; to prioritize the payment of outstanding debts for capital construction, recovery of advanced capital, urgent projects, overcoming of consequences of natural disasters and epidemics, projects that have already completed, handed over and put into use but their capital has not yet been fully allocated, counterpart funds for projects using ODA and concessional loans from foreign donors; to allocate funds for implemented projects under the medium-term public investment plan for the 2016-2020 period that are transferred to the 2021-2025 period, with a focus on projects that are likely to be completed; to resolutely reduce the improperly arranged amounts; to not allocated funds for ineligible projects or projects whose investment procedures have not been fully implemented. For tasks and projects whose investment procedures have not been fully implemented as of December 31, 2020, they must be completed and allocated after the XV^th National Assembly decides the medium-term public investment plan for the 2021-2025 period.

3. To direct provincial-level People’s Committees to propose provincial-level People’s Councils to decide on state budget revenue estimates in localities, local budget expenditure estimates, local budget deficit, and total local budget borrowings (including borrowings to offset budget deficit and borrowings for payment of loan principals) and decide to allocate state budget estimates according to their competence in accordance with law.

4. To regulate the funds for government bond issuance, redemption, and payment in the 2021 estimates for payment of loan interests of the central budget as decided by the National Assembly. To actively take solutions on restructuring of public debts in accordance with the Law on Public Debt Management.

5. To continue to implement the support mechanism from the central budget to localities to implement salary and social security policies promulgated by central agencies on the principle of support in the 2017-2020 period.

For some localities whose local budget revenue in 2021 decreases significantly, the central budget shall support to ensure that the ground for the local budget balance expenditure estimate in 2021 is not lower than the estimate in 2017 calculated according to the principle, criteria and norms for allocation of development investment and recurrent expenditure of the state budget for the 2017-2020 period as decided by the National Assembly Standing Committee; at the same time, to support according to regulations to ensure that these localities have enough funds to implement the salary and social security policies promulgated by competent authorities.

Article 4. Supervision and audit of the allocation of central budget funds

1. The National Assembly Standing Committee, the Committee on Financial and Budgetary Affairs, the Ethnic Council and other committees of the National Assembly, delegations of National Assembly deputies, National Assembly deputies, and the Vietnam Fatherland Front shall, within the ambit of their tasks and powers, supervise the allocation of the 2021 central budget funds of ministries, ministerial-level agencies, other central agencies, People’s Councils and People’s Committees at all levels.

2. The State Audit Office of Vietnam shall, within the ambit of its tasks and powers, audit the implementation of this Resolution in accordance with law.

* All Appendices are not translated herein.