Under the resolution, the total state budget revenue for 2026 is projected at nearly VND2.53 quadrillion (about US$96 billion), including VND1.22 quadrillion for the central budget and VND1.3 quadrillion for local budgets.

The NA approved the transfer of VND23.83 trillion in surplus funds from local budget wage reform reserves as of the end of 2025 to help implement the base salary level of VND2.34 million per month in 2026.

Total state budget expenditure is estimated at almost VND3.16 quadrillion, of which VND1.8 quadrillion will be allocated to the central budget. This includes VND238.4 trillion for balancing transfers to local budgets, VND187.2 trillion in targeted supplementary funding, and VND53.6 trillion for ensuring the base salary level for localities.

The local budget expenditure will total VND1.35 quadrillion, excluding the amounts transferred from central sources.

The state budget deficit is estimated at VND605.8 trillion, equivalent to 4.2% of the country's gross domestic product (GDP). Of this, the central budget deficit accounts for VND583.7 trillion (4% of GDP), while the local budget deficit is VND22.1 trillion (0.2% of GDP). The total borrowing demand of the state budget in 2026 is projected at VND985.8 trillion.

The National Assembly requested ministries, central agencies, and local administrations to continue implementing measures to establish funding sources for wage policy reform as stipulated. In 2026, certain revenue items will still be excluded from local budget surplus calculations for wage reform. These items include land rental prepayments, proceeds from the sale of public assets, environmental protection fees on wastewater, and revenues from leasing or selling State-owned houses.

The NA also permitted an expanded use of central wage reform reserves to adjust pensions, social insurance benefits, monthly allowances, and preferential treatment for people with meritorious services, as well as to support personnel streamlining. Local wage reform reserves may also be used to implement national social security policies and streamline local staffing structures.

The Government was assigned to review and utilise savings from regular expenditure, particularly from payroll and administrative cost reductions due to the two-tier local administration model, to supplement local wage reform funds.

From 2026 onward, the Government will be authorised to use accumulated wage reform funds to ensure the implementation of salary, allowance, and income policies in line with current regulations.

National Assembly sets 2026 GDP growth target at no less than 10%

VOV.VN - With an overwhelming majority of votes in favour, the National Assembly passed the Resolution on the 2026 Socio-Economic Development Plan on November 13, setting an ambitious goal for GDP growth of 10% or more.