NA approves resolution on state budget allocation plan for 2025

The National Assembly passed a resolution on state budget allocation plan for 2025 with all 432 deputies present at the November 13 afternoon sitting voting in favour.

The National Assembly passed a resolution on state budget allocation plan for 2025 with all 432 deputies present at the November 13 afternoon sitting voting in favour.

The National Assembly passes a resolution on state budget allocation plan for 2025. (Photo: VNA)
The National Assembly passes a resolution on state budget allocation plan for 2025. (Photo: VNA)

The resolution specifies that the total central budget revenue is set at over 1.020 quadrillion VND, while the total local budget revenue is over 946.67 trillion VND.

The NA decided to allocate 60 trillion VND from the state budget’s accumulated funds for wage reform, while transferring over 50.6 trillion VND from the local budget’s wage reform funds left from 2024 to the 2025 budget.

Meanwhile, the total central budget expenditure is over 1.523 quadrillion VND, including an estimated allocation of 248.78 trillion VND to balance the budget.

The NA requested the Government to direct and guide ministries, central and local agencies, and provincial and municipal authorities to allocate state budget funds in a focused and prioritised manner, ensuring compliance with the conditions and order of priorities outlined in the Law on Public Investment, as well as resolutions of the NA and the NA Standing Committee.

The legislature also demanded stricter financial discipline and accountability, and severe penalties for violations that delay the allocation and disbursement of funds.

Earlier the same day, the NA approved a resolution on state budget estimates for 2025 with 428 out of 430 legislators present at the sitting voting in favour./.

VNA

Politics-Diplomacy

PM holds dialogue with businesses from ASEAN
Politics-Diplomacy

PM holds dialogue with businesses from ASEAN

Prime Minister Pham Minh Chinh stressed that the Vietnamese Government will always stand by businesses to foster breakthroughs, unite strengths, and shape the future, keeping ASEAN a dynamic, innovative, and growth-centered region that benefits all member countries

New Zealand PM wraps up Vietnam visit
Politics-Diplomacy

New Zealand PM wraps up Vietnam visit

The outcomes of New Zealand Prime Minister Christopher Luxon's official visit demonstrate significant development of bilateral ties and profound strategic trust between the two nations, creating a solid framework to bring the relationship to a new phase.

State President's order on promulgation of three newly passed laws announced
Politics-Diplomacy

State President's order on promulgation of three newly passed laws announced

The State President’s order on the promulgation of three laws, recently passed by the 15th National Assembly (NA) during its 9th extraordinary session, was announced on February 28 morning. They include the law amending and supplementing several articles of the Law on the Organisation of the NA, the Law on Organisation of the Government, and the Law on Organisation of Local Governments.