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Submitted by ctv_en_4 on Wed, 11/11/2009 - 19:18
The National Assembly on November 11 approved a resolution, setting State budget overspending for 2010 at 6.2 percent of the country’s GDP.

The legislature approved the government’s solutions to realize the budget estimates for 2010 and proposals made by the NA Committee for Finance and Budgetary Affairs.

It asked the government to implement its flexible fiscal policy under strict scrutiny, practise thrift and improve spending efficiency while tightening tax management and combating tax evasion.  

It allowed the government to mobilise VND56 trillion from bond sales (equivalent to last year’s figure) for development projects, examine funding for national target programmes and continue to give the self-financed mandate to State organisations, especially those in the healthcare and education sectors.

The NA also proposed that the government review the implementation of its financial tasks in 2006-2010 and plans for the next five and 10 years until 2020.

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