Resolution No. 29/2016/QH14 on the allocation of the central budget for 2017

RESOLUTION

ON THE ALLOCATION OF THE STATE BUDGET FOR THE YEAR 2017

OF THE NATIONAL ASSEMBLY

SOCIALIST REPUBLIC OF VIET NAM

On the basis of the Constitution of the Socialist Republic of Vietnam;

On the basis of the State Budget Law No. 83/2015/QH13 and Resolution No. 27/2016/QH14 dated November 11, 2016 of the National Assembly on the state budget estimate for the year 2017;

Based on the consideration of Report No. 466/BC-CP dated October 19, 2016, Report No. 470/BC-CP dated October 19, 2016, Report No. 522/CP-KTTH dated November 9, 2016 of the Government; Report No. 183/BC-UBTCNS14 dated October 19, 2016 of the Committee on Finance and Budget; Report No. 56/BC-UBTVQH14 dated November 11, 2016 of the Standing Committee of the National Assembly and the opinions of National Assembly deputies,

RESOLUTION:

Article 1. Total revenue and expenditure balance of the central budget for the year 2017

1. The total revenue balance of the central budget is 729,730 billion VND (seven hundred twenty-nine thousand seven hundred thirty billion VND). The total revenue balance of local budgets is 482,450 billion VND (four hundred eighty-two thousand four hundred fifty billion VND).

2. The total expenditure balance of the central budget is 902,030 billion VND (nine hundred two thousand thirty billion VND), including the estimate 254,630 billion VND (two hundred fifty-four thousand six hundred thirty billion VND) to supplement the balance of the central budget and to supplement with specific purposes for local budgets.

Article 2. Allocation of the central budget for the year 2017

1. Allocation of the central budget for the year 2017 according to each sector and detailed for each ministry and central agency in Appendices 1, 2, and 6 attached hereto.

2. The percentage (%) allocation of revenues between the central budget and the budget of each province and centrally governed city; the amount to supplement the balance of the budget and to supplement with specific purposes from the central budget for the local budget in Appendices 3, 4, and 6 attached hereto.

The percentage (%) allocation of revenues between the central budget and the budget of each province and centrally governed city for the year 2017 will remain stable throughout the period of budget stabilization from 2017 to 2020. In special cases where new projects generate significant additional revenue affecting the increase in local budget revenue, the Government shall submit to the National Assembly for examination and decision in accordance with point d, Clause 7, Article 9 of the State Budget Law.

3. The surplus revenue level of the budget, the borrowing level to cover the deficit and to repay principal debt (if any) of each locality in Appendix 5 attached hereto.

Article 3. Assign the Government

1. To assign the tasks of revenue collection and expenditure of the state budget and the allocation of the central budget to each ministry, other central agencies, and each province and centrally governed city in accordance with the provisions of the State Budget Law, the Resolutions of the National Assembly, and notify in writing to each Provincial People's Council and centrally governed city delegation of the National Assembly.

2. To direct the provincial people's councils and centrally governed city people's councils to decide on the state budget revenue estimate on their respective territories, the local budget expenditure estimate, the local budget deficit, the total borrowing level of the local budget (including borrowing to cover the deficit and borrowing to repay principal debt), and to decide on the allocation of the budget estimate within their authority, in compliance with the law.

3. To direct ministries, other central agencies, and people's councils at all levels to assign the state budget revenue and expenditure estimate for the year 2017 in accordance with the National Assembly's Resolution to each agency and unit responsible for state budget revenue and expenditure before December 31, 2016; to implement transparency, report the results of budget allocation and assignment in accordance with the State Budget Law.

4. To direct and guide ministries, sectors, other central agencies, and localities to prioritize investment capital allocation to accelerate progress and complete important national programs, ongoing key projects; support housing for families of persons who have rendered meritorious service to the revolution; prioritize matching funds for ODA projects, public-private partnership (PPP) projects, and handle arrears in construction. Strengthen inspection and audit at all stages of investment. During the management process, supplement investment capital and other financial sources to support key localities with reduced sharing rates during the period of 2017-2020, creating conditions for these localities to play a role as economic driving forces for the country.

5. To direct localities to rearrange expenditures to ensure funding for important tasks and new tasks added in 2017; while striving to increase revenue, reduce expenditure to raise the contribution level of local budgets in implementing social security policies issued by the State.

For special regimes, policies, and expenditure tasks decided by the provincial People's Councils in accordance with Article 30 of the State Budget Law, measures must be taken to ensure financial resources within the annual allocated local budget expenditure estimate and other financial resources to implement them.

Article 4. Supervision of the allocation of the central budget

The Standing Committee of the National Assembly, the Committee on Finance and Budget, the National Ethnic Council, other Committees of the National Assembly, Delegations of the National Assembly, and National Assembly deputies within their responsibilities and powers as prescribed by law, supervise the allocation of the central budget for the year 2017 by ministries, sectors, other central agencies, and People's Councils and People's Committees at all levels.

This Resolution was adopted by the National Assembly of the Socialist Republic of Vietnam, the 14th term, the second session, on November 14, 2016.