Resolution No. 50/2017/QH14 dated November 14, 2017 on Distribution of the Fy 2018 central government budget

• Official number: 50/2017/QH14
• Legislation Type: Resolution
• Organization: The National Assembly
• Signer: Nguyen Thi Kim Ngan
• Issued Date: 14/11/2017

THE NATIONAL ASSEMBLY -------	THE SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness ---------------
No. 50/2017/QH14	Hanoi, November 14, 2017

RESOLUTION

ON DISTRIBUTION OF THE FY 2018 CENTRAL GOVERNMENT BUDGET

THE NATIONAL ASSEMBLY

Pursuant to the Constitution of the Socialist Republic of Vietnam;

Pursuant to the Law on State Budget No. 83/2015/QH13 and the Resolution No. 49/2017/QH14 dated November 13, 2017 of the National Assembly on the FY 2018 plan of state budget;

In the light of reports No. 463/BC-CP, 465/BC-CP dated October 18, 2017, No. 536/BC-CP dated November 13, 2017 of the Government; the evaluation report No. 739/BC-UBTCNS14 dated October 20, 2017 of the Committee on Financial and Budgetary Affairs; the feedback and explanatory report No. 214/BC-UBTVQH14 dated November 13, 2017 of the National Assembly’s Standing Committee and opinions of the National Assembly’s deputies,

HEREBY RESOLVES

Article 1. Total revenue and expenditure of the FY 2018 central government budget

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2. Total central budget expenditure shall be VND 948,404 billion (nine hundred forty eight thousand four hundred four billion of Vietnamese dongs), including an estimated amount of VND 321,151 billion (three hundred twenty one thousand one hundred fifty one billion of Vietnamese dongs) used as budget balancing transfers or targeted transfers to local government budgets.

Article 2. Distribution of the FY 2018 central government budget

1. Distribution of the FY 2018 central government budget by specific sectors, central government ministries and bodies shall be represented in Appendices No. 1, 2 and 3 hereto attached.

2. Amounts used as budget balancing transfers, targeted transfers and distribution of funds for national and other target programs from the central government budget to local government budgets shall be described in Appendices No. 4, 5, 6 and 7 hereto attached.

3. Local government budget deficits, borrowings to cover such deficits and borrowings for repayment of outstanding principals of specific local governments shall be specified in the Appendix No. 8 hereto attached.

Article 3. Responsibilities of the Government

1. Assign the task of managing state budget revenues and expenditures and distributed central budget amounts to specific ministries or other central government bodies and centrally-affiliated cities or provinces as provided by laws in force, and send a written notification to each Delegation of National Assembly’s Deputies of a centrally-affiliated city and province.

2. Imperatively approve target programs to distribute or allocate fund on time to ministries, sectoral departments and local authorities as provided by regulations in force.

3. Distribute finances for programs or projects in an effective manner, establish a plan to reduce funding for projects which make slow progress and provide additional financing for projects which have the large number of completed workloads, report to relevant competent authorities to seek their decisions on the issue in accordance with laws, and ensure that the funding source would not be abundant. Concentrate on speeding up progress of these projects, completion of programs or projects which are of national importance, pending urgent investment projects and give subsidies to provide accommodation for persons rendering meritorious revolutionary services.

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5. Command People's Committees of centrally-affiliated cities and provinces to apply for decisions of People’s Councils at the same level on the state budget revenue plan within their local jurisdictions, the local government budget plan, local government budget deficits, aggregate local budget borrowings (including borrowings for covering deficits and borrowings for repaying outstanding principals), and to make their decision to allocate the planned budget within their jurisdiction and in compliance with laws in force.

6. Direct other ministries, other central government bodies and People’s Committees at all levels to decide to delegate authority to implement the FY 2018 plan of state budget revenues and expenditures in accordance with the National Assembly’s Resolution to specific affiliations or subordinate units charged with state budget revenue and expenditure tasks before December 31, 2017; publicly inform and report on results of distribution and delegation of authority to establish the budgetary plan as provided by the Law on State Budget.

7. Direct and instruct ministries, sectoral departments or other bodies at the central and local level to prioritize use of investment and development fund for repayment of capital construction outstanding debts existing in the central government budget; set aside funds for recovery of advances existing in the central government budget during the period of 2016-2020 which have not been recovered yet; determine to reduce any illegal allocation; apply enhanced actions to prevent capital construction outstanding debts; minimize adjustment to the list of planned mid-term public investment projects that has been approved by competent authorities.

8. Direct local jurisdictions to properly estimate expenditures to assure funding for implementation of important and other additional duties in 2018; provide adequate funding for implementation of issued policies; strive to increase expenditures, curb local budget spending, use the residual salary improvement funding from the local government budget (after ensuring that the local demand for salary improvement has been satisfied) to implement social welfare policies and regulations issued by the central government, and restrict requests for central government budget grants or subsidies to implement these policies and regulations.

With respect to particular regulations, policies or spending which are subject to the decision of the provincial-level People’s Council as provided by Article 30 of the Law on State Budget, these local jurisdictions shall be obliged to develop solutions to assuring that implementation of the abovementioned will be funded by expenditures designated in the annual local budget plan and other financing source, and does not require the central government budget to give additional finances.

Article 4. Supervision of distribution of the central government budget

The Standing Committee, the Committee on Financial and Budget Affairs, the Ethnic Committee and other Committees of the National Assembly, Delegations of National Assembly’s Deputies and National Assembly’s Deputies shall, within their areas of responsibility and powers regulated by laws, supervise distribution of the FY 2018 central government budget by ministries, sectoral departments or other bodies of the central government, People's Councils and People's Committees at all levels.

This Resolution is passed in the 4^th plenum of the XIV^th-tenure National Assembly of the Socialist Republic of Vietnam on November 14, 2017.

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THE NATIONAL ASSEMBLY’S CHAIR




Nguyen Thi Kim Ngan