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NA deputies at the session (Photo: VNA) |
In the resolution, the total state budget revenue was nearly VND2.388 quadrillion (US$101 billion), while the total state budget spending was more than VND2.484 quadrillion, resulting in an overspending of VND214 trillion, equal to 2.52% of the country’s gross domestic product (GDP).
Therefore, the total loan amount from the state budget to cover overspending and repay the principal was VND455.92 trillion.
Total budget revenue exceeded 17.2% of the estimate, of which domestic collection exceeded 15.9%, and revenue from import and export activities, 21.2%.
The resolution assigns the Government to publicise the state budget settlement in 2021 in accordance with the provisions of law; and to direct ministries, agencies, People's Committees at all levels and units managing and using the state budget to take drastic and concerted measures to strengthen financial discipline, and management, use and settlement of the state budget to remove limitations.
