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Official Gazette

Sunday, August 20, 2017

NA adopts resolution on state budget estimates for 2016

Updated: 17:26’ - 13/11/2015
During the fourth working week of the ongoing 10th session of the National Assembly (NA) which lasted from November 9 thru 13, lawmakers approved resolutions on the 2016 socio-economic development plan, the 2016 state budget estimates, and investment policy for national target programs during 2016-20.

According to the Resolution on the 2016 state budget estimates, the budget revenue and spending are projected at VND 1,019 trillion and VND 1,273 trillion, respectively, resulting in a deficit of VND 254 trillion, equivalent to 4.95 percent of GDP.

Lawmakers adopt the Resolution on the 2016 state budget estimates on November 11__Photo: VNA

The resolution calls on the Government to implement tight fiscal and monetary policies in order to support production and business, continue stabilizing the macro economy, control inflation, and ensure an economic growth rate higher than 2015. 

Attention should be paid to intensifying supervision and transparency of budget use, cutting down unnecessary and ineffective expenses, and strengthening inspection to limit losses of tax revenues and prevent smuggling and trade fraud. 

The NA also decided to raise the minimum wage for civil servants and those working in the armed forces units to VND 1,210,000 per month from the current VND 1,150,000.

Discussing the Draft Law on Referendum, NA deputies asked for a clear provision on when a referendum should be held.

Deputy Bui Manh Hung from Binh Phuoc province stressed that a resolution issued after a referendum is conducted should have special legal validity.

“The referendum reflects what the people select and decide so it should be just as an ordinary resolution,” he said.

Regarding the stipulation of not holding a referendum during the promulgation of the state of war or emergency nationwide or within six months from the abrogation of such state, deputy Vu Xuan Truong from Nam Dinh province said the stipulation was only suitable in normal conditions.

“In the real operation of the NA, it normally takes between four and six months or more for the NA to adopt a resolution on referendum. As a result, the stipulation is not suitable in cases of sudden situations that need referendum such as those related to national defense, national sovereignty, security, and border issues,” Truong said.

He suggested the NA deputies re-consider the stipulation or prescribe special cases for unexpected situations so that the law could deal with all situations.

During this working week, NA deputies looked into regulations on bailiff and the implementation of policies and laws on land use and management in state-owned farms during 2004-14.

They also discussed divergent opinions on the draft laws on custody and detention, asset auction, charges and fees, associations, professional armymen and defense workers and employees, belief and religion, child protection, care and education, and import and export duties.- (VLLF)
 

 

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