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| National Assembly Vice Chairman Nguyen Duc Hai speaks at the 49th meeting of the NA Standing Committee on September 5__Photo: VNA |
The National Assembly (NA) Standing Committee on September 5 afternoon agreed on adjustments to the 2025 central budget expenditure estimates relating to the Ministry of Construction and targeted supplements for provincial and municipal People’s Committees.
Basing on the Government’s proposal, the NA Standing Committee approved the reallocation of over VND 1.448 trillion (USD 54.84 million) from the Ministry of Construction’s budget for economic activities this year, to be distributed as targeted funds for provincial and municipal People’s Committees.
As a result, the ministry’s planned allocation for economic activities this year after the adjustment is estimated at VND 20.205 trillion, of which VND 11.151 trillion is earmarked for road-related activities.
In addition, VND 10 billion previously transferred into the ministry’s 2025 budget will be reallocated to the northern province of Phu Tho to implement the national target program on sustainable poverty reduction. This adjustment is in line with Resolution 1342/NQ-UBTVQH15 of the NA Standing Committee, dated December 30, 2024, and Decision 1713/QD-TTg of the Prime Minister.
Concluding the session, NA Vice Chairman Nguyen Duc Hai affirmed that the NA Standing Committee supports the proposal of the Government, which has to take full responsibility for the accuracy of figures and to ensure the timely, effective, and purposeful use of the funds, avoiding waste, loss or misuse.
All of the Standing Committee members present voted in favor of the proposal.- (VNA/VLLF)
