The National Assembly approved the 2022 state budget settlement.

National Assembly deputies vote to pass the Resolution on approving the 2022 state budget settlement. (Photo: DANG KHOA)

On the afternoon of June 24, with 459/460 delegates participating in the vote in favor (equal to 94.25% of the total number of National Assembly delegates), the National Assembly passed the Resolution on approving the 2022 state budget settlement.

According to the resolution of the National Assembly, the total state budget revenue in 2022 is 2,713,787 billion VND, including revenue transferred from 2021 to 2022, revenue from the local budget surplus in 2021, and revenue from the financial reserve fund according to the provisions of the State Budget Law.

The total state budget balance expenditure is VND 2,897,466 billion, including expenditure transferred from 2022 to 2023.

The state budget deficit is VND293,313 billion, equal to 3.07% of gross domestic product (GDP), excluding local budget surplus.

The total state budget loan to cover the deficit and repay the principal is 488,406 billion VND.

The implementation of audit conclusions and recommendations at some agencies and units is not strict.

Regarding the preparation and implementation of the 2022 state budget estimates and settlement, the National Assembly highly appreciated the Government's efforts in resolutely directing the synchronous and timely implementation of socio -economic development solutions and rectifying and strengthening discipline and order in compliance with laws on finance and state budget.

Chairman of the National Assembly's Finance and Budget Committee Le Quang Manh presented a report explaining, accepting and revising the draft Resolution before National Assembly deputies pressed the button to approve it. (Photo: DANG KHOA)

Thanks to that, the macro-economic situation is stable, GDP growth reached 8.02%, inflation is controlled; management of state budget revenue and expenditure is strengthened, state budget revenue exceeds the estimate, increasing by 28.8% compared to the estimate, state budget expenditure is economical, the proportion of regular expenditure is reduced, investment expenditure is increased; public debt indicators have reduced proportion compared to GDP and are within the allowable limit; national credit rating is raised.

In addition to the achieved results, the Resolution of the National Assembly clearly stated that there are still some shortcomings and limitations in the observance of discipline, order, implementation of legal regulations and Resolutions of the National Assembly on the preparation and implementation of estimates and final settlement of the state budget.

State budget revenue and expenditure estimates are not close to reality; some ministries, central and local agencies are slow in allocating and handing over budget estimates; some public expenditures and investment capital disbursement are still slow; transferred expenditures continue to increase in both scale and proportion; there are still many overdue advances and budget advances that have not been recovered.

Many ministries, central and local agencies continue to prepare, review and submit state budget settlement reports later than the prescribed time. The situation of adjusting information and figures on revenue, expenditure and budget deficit after the state budget settlement adjustment period has not been resolved.

The implementation of the conclusions and recommendations of the State Audit in some agencies and units has not been strict, and many conclusions and recommendations have been pending for many years. In some audited agencies and units, there are still tax arrears, under-calculation of tax payable, and improper spending and misuse of funds.

Strictly implement financial and state budget discipline.

According to the Resolution, the National Assembly assigned the Government to publicly disclose the 2022 state budget settlement in accordance with the law; direct ministries, central agencies, People's Committees at all levels and state budget revenue and expenditure management units to strictly implement financial and state budget discipline.

The resolution on approving the 2022 state budget settlement was passed by the National Assembly with the majority of delegates voting in favor. (Photo: DANG KHOA)

Clarify the causes and responsibilities of leaders, collectives and individuals managing and using the state budget for not strictly complying with legal provisions in preparing and implementing estimates; preparing and submitting the 2022 state budget settlement report later than the prescribed time.

Correct and overcome shortcomings and limitations in the establishment, management and use of the state budget. Continue to focus on forecasting and making estimates of state budget revenue and expenditure in line with reality. Make estimates of state budget expenditure to ensure compliance with requirements and implementation capabilities to mobilize and effectively use state budget resources.

In addition, the Government needs to continue to strengthen and have solutions to manage and strictly use the increased state budget revenue in conjunction with operating and developing plans to mobilize capital to offset the state budget deficit and borrow and repay debt to ensure savings and efficiency.

Strictly manage expenditures transferred from the state budget. In 2024, continue to review, cancel, and completely recover to the state budget state budget expenditures and central budget expenditures supporting localities in 2023 and 2022 or earlier that were improperly managed or used, had their budgets canceled, were not needed, or had expired to reduce the central budget deficit.

At the same time, do not transfer to 2024 state budget expenditures and central budget expenditures to support localities that are not managed or used in accordance with regulations, have had their budgets canceled, are not needed for use, or have expired disbursement, and must be recovered to the central budget.

The National Assembly also proposed to continue controlling the state budget deficit and public debt to ensure national financial security and macroeconomic stability; strictly manage the mobilization and use of loans to offset the deficit and repay the principal of the state budget; continue to strictly control, review, and accurately determine the outstanding debt of basic construction capital of the state budget.

Along with that, promote thrift practice, fight waste, prevent corruption and negativity; strengthen inspection and examination work, specify the responsibilities of leaders in budget preparation, management and use of the state budget to ensure compliance with the provisions of the law on the state budget, avoiding loss and waste.

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