The resolution approves the State budget for 1966 with specific revenues and expenditures, and permits the State Bank to borrow funds to balance revenue and expenditure.
Scope of application
State Budget
Key points
- Total revenue of the State budget in 1966 is three billion two hundred thirty-two million dong (Article 1).
- Total expenditure of the State budget in 1966 is three billion four hundred twelve million dong (Article 1).
- Expenditure exceeds revenue by one hundred eighty million dong (Article 1).
- The resolution permits the State Bank to borrow necessary funds to balance the State budget for 1966 (Article 2).
🌐 Social impact of this document
- To ensure a balanced State budget, support economic and social activities in 1966.
- To facilitate the State Bank borrowing funds to cover the excess expenditure, contributing to national financial stability.
❓ Frequently asked questions
What is the total revenue of the State budget for 1966?
Total revenue of the State budget in 1966 is three billion two hundred thirty-two million dong.
How much does expenditure exceed revenue in the 1966 budget?
Expenditure exceeds revenue by one hundred eighty million dong.
Is the State Bank permitted to borrow funds for the State budget?
Permitted to borrow necessary funds to balance the State budget for 1966.
Full text
RESOLUTION
OF THE STANDING COMMITTEE OF THE NATIONAL ASSEMBLY
SOCIALIST REPUBLIC OF VIETNAM
THE STANDING COMMITTEE OF THE NATIONAL ASSEMBLY
SOCIALIST REPUBLIC OF VIETNAM
WHEREAS, on the basis of Resolution No. 10/1965/QH10 of the National Assembly delegating certain powers to the Standing Committee of the National Assembly in the new situation,
AFTER HEARING THE REPORT OF THE COUNCIL OF MINISTERS ON THE IMPLEMENTATION OF THE STATE BUDGET FOR 1965 AND THE PROPOSAL FOR THE STATE BUDGET FOR 1966,
AFTER HEARING THE PRESENTATION BY THE COMMITTEE FOR PLANNING AND BUDGET OF THE NATIONAL ASSEMBLY,
RESOLVES:
1. APPROVE the State budget for 1966 with:
- Total revenue: three billion two hundred thirty-two million dong (3,232,000,000đ,00),
- Total expenditure: three billion four hundred twelve million dong (3,412,000,000đ,00).
Expenditure exceeds revenue by one hundred eighty million dong (180,000,000đ,00).
2. APPROVE the proposal of the Government to allow the State Bank to provide a loan to the State budget for the necessary amount to balance the budget in 1966./.
TRUONG CHINH
(Signed)
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