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Tighten the management of revenues and expenditures of the State budget
Tighten the management of revenues and expenditures of the State budget
22/8/14
Prime Minister Nguyen Tan Dung has signed Directive
No. 25/ CT-TTg
which requires Ministers, heads of ministerial-level agencies, government-attached agencies, other central agencies, Presidents of provinces and to focus on executive direction about financial tasks and
budget in last few months of 2014.
Prime
Minister requested ministries, agencies and localities to implement solutions that solve the
difficulties, problems and recommendations
of the enterprises; focus on supporting businesses overcome losses early; decreasing
the number of businesses cease operations and dissolve;
expeditiously implementing the Decree of the Government on a number of fisheries
development policies, including timely
implementation and effective policies to support and encourage the activities of offshore fishing (credit
usage, insurance, training...) to promote fisheries development
fast, efficiently and suitablely for
the demands of practice. Besides, continuing to
promote the reformation of administrative procedures,
especially in the areas of market access,
import and export, access to capital,
credit, tax and
customs, land, property, investment, construction, natural resources,
labor... to create favorable conditions for the highest level of business
activities.
Prime Minister assigned
the Ministry of Finance to coordinate
with the ministries, central agencies and localities
to promptly finalize the guidelines for preferential tax exemption or reduction of corporate income
under the provisions of the Law on amendments for a number of articles of the Law on
Enterprise Income tax. At the
same time we should closely monitor market developments pricing, timely propose appropriate
measures prescribed by law
for market intervention to stabilize prices and
control inflation in the area
of each region and throughout the country,
especially in the holidays.
Ministry
of Finance and other ministries, agencies and localities maintain regularly inspection,
inspection and coordination
between tax collection
agencies, financial bodies and
the function forces in the management of revenues,
against processing losses and tax arrears.
To promote prevention and control
commercial fraud, price transfering,
fraud in import price and smuggling across the border.
The Prime Minister also asked to minimize the
organization of festivals, celebrations,
commencement ceremony, the inauguration;
resolutely cut down and do not organize conferences
and seminars with unpractical content. To
integrate the content, issues, tasks which
need to be handled, rationally combining
meetings, increasing use of online meeting form
to direct and handle related work…, stopping the
unneccessary overseas working triptour by national budget.
Prime
Minister assigned the Ministry of Finance
and the People's Committees of central provinces and
cities to focus on close management of
the allocation and use of budget reserves were estimated
at the all level
budget layout; considerring budget capability to organize
and operate expenditure
assignments and apply appropriate measures to ensure budget balance at all levels.
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All comments [ 10 ]
For fiscal economists, the key issues on budget execution are always whether deficit targets are likely to be met, and whether any budget adjustments (both on the revenue and expenditure sides) agreed at the preparation stage (or in-year) are being implemented as planned.
Budget implementation, in the sense of delivering services by undertaking expenditures, is the responsibility of the line ministries and spending agencies, within regulatory controls set by the ministry of finance.
The increase in the revenue of state budget in recent year mostly came from crude oil and land-related collections.
Certain issues in the revenue and expenditure balance, such as some important revenue sources failed to meet the set targets, tax collection showed loopholes in solving tax arrears, and losses in revenue and outstanding debts.
the expenditure for education and training, science and technology, was too low in the period from 2009 to 2013.
The government needs to have solutions for these problems in coming years to soon meet the development of important sectors of the country.
We should ask for stricter punishments on violations of revenue and expenditure, given the current situation of the tensions in the East Sea, which made practicing thrift more drastic.
All policies, which are outdated and ineffective, causing waste to the state budget, should be eliminated immediately
Leaders of organisations found with violations in using state budget must take full responsibilities and audit results must be publicised at local grassroots level.
Boosting tax inspection to solve the losses in revenue and outstanding debts and have more drastic measures to avoid transfer pricing to ensure no loss to the state budget.
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