To deploy financial tasks - State budget in 2022

Published on 07 - 01 - 2022

On January 6, the Ministry of Finance held a nationwide teleconference of the Financial sector to evaluate the performance of state budget - financial tasks in 2021, and implement financial tasks - state budget in 2022. Mr. Pham Minh Chinh, Politburo member, Prime Minister attended and directed the conference at the Hanoi destination. At the Hung Yen destination, the conference drew the attendance of Mr. Tran Quoc Van, Deputy Party Secretary, Chairman of the Provincial People's Committee.

Delegates attend the conference at the Hung Yen destination

In 2021, the financial tasks - state budget have been carried out in the context of many difficulties and challenges, the complicated and prolonged developments of the Covid-19 epidemic. The entire financial sector has united, made great efforts, drastically implemented the guidelines and policies of the Party, the Resolutions of the National Assembly and the Government, the directives of the Government, the Prime Minister, effectively performed many solutions and key tasks set out in the areas under management, thus successfully completing the tasks, contributing to the country's socio-economic development. In 2021, the Ministry of Finance has been assigned 259 tasks by the Government and the Prime Minister, 177 tasks have been completed, 82 tasks are in progress and no task is overdue, total state budget revenue in 2021 is estimated to reach at 1,563, 3 trillion VND, 16.4% higher than the estimate, up 3.7% as compared to 2020. State budget expenditure in 2021 is estimated to reach at 1,879 trillion VND, equaling 111.4% of the estimate. The balance between the central and local budgets is ensured, and the expenditure tasks are promptly met according to the implementation progress of the budget-using units.

In 2022, the National Assembly and the Prime Minister assign the State budget task to the Financial sector to make a revenue estimate of VND 1,411.7 trillion, an expenditure estimate of VND 1,784.6 trillion, and an overspending estimate at 4% of GDP. To accomplish the goals and tasks in 2022, the Financial sector has proposed 23 main solutions, focusing on such areas as: Operating fiscal policy; perfecting institutions and policies on finance - state budget; sustainable development, safe and smooth operation of financial markets and services; strengthening financial discipline and budget in the performance of official duties...

In Hung Yen province, in 2021, the total state budget revenue in the province is estimated to attain at 19,037 billion VND, reaching 140% of the estimate. All budget expenditure tasks have ensured the estimated schedule. On the basis of the results of local budget revenues and expenditures in 2021, the province has proposed 5 solutions to successfully conduct the financial tasks - state budget in 2022. In which, focus is on closely following the Government's Resolutions, strictly carrying out fiscal policy, striving to complete the state budget revenue estimate in 2022 assigned by the Central Government and the Provincial People's Council; promoting reform of administrative procedures, creating favorable conditions for enterprises to develop production and business; managing the state budget strictly according to the prescribed regime, ensuring the tightness, thrif and efficiency; accelerating the performance and disbursement of capital, improving the efficiency of public investment capital...

Speaking at the conference, Prime Minister Pham Minh Chinh praised and highly appreciated the efforts and important achievements of the Financial sector in the past year. The Prime Minister requested that, in the coming time, the Financial sector should focus on building and perfecting the financial policy institutions - the state budget; effectively overcome limitations and inadequacies, smoothly coordinate fiscal and monetary policies; focus on well managing the state budget revenue, ensure correct and sufficient collection; manage the state budget expenditure in 2022 closely, economically and effectively within the estimate; control overspending, reduce public debt; raise the quality of financial and stock markets transparently and sustainably...

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