NA approves important resolutions for 2021-2025 period
VOV.VN - The National Assembly on July 28 voted to pass two important resolutions relating to the livelihoods of citizens during the final working day of the 15th legislature's first session.
The two resolutions focus on investment in the National Target Program for sustainable poverty reduction, new-style rural development in the 2021-2025 period.
In line with these resolutions, investment in the National Target Program for sustainable poverty reduction will see targets set for multi-dimensional, inclusive, and sustainable poverty reduction, whilst limiting the poverty line and the rate of people falling back into poverty again.
The resolution regarding investment in National Target Programme on New-style Rural Development will set out to continue implementing the Program in association with the effective implementation of restructuring the agricultural sector. This will be along with developing the rural economy and the process of urbanisation in a more effective and sustainable manner.
They also passed a resolution relating to adjustments to the State budget expenditure estimate and approval of the 2019 State budget balance on July 28 as part of the first session in the 15th tenure.
Through the resolution, the regular spending estimate for 2019 was reduced by over 2.24 trillion VND, equivalent to US$97.65 million, with the same amount being added to the Finance Ministry’s development spending estimate in 2019.
The NA therefore requested that the Government make public the State budget balance in 2019, while also directing ministries, central agencies, and People’s Committees at all levels to strengthen financial discipline. This should be done alongside improving the efficiency of State budget management and use, along with fighting corruption and wastefulness.
According to details provided by the NA Standing Committee, in 2019 spending on development investment accounted for 27.6% of the total State budget expenditure, which basically completed the goal in the 2016 to 2020 period.
However, regular spending remained high at 65.2% of the total State budget expenditure, a figure which was higher than the set target of 64%.
The committee has requested that the Government devise comprehensive measures aimed at tightening its control over spending, whilst cutting regular spending and increasing resources for development investment. This will therefore fulfill the target for the entirety of the 2016 to 2020 period.