Resolution No. 32/2012/QH13 on the State budget estimate for 2013

RESOLUTION

ON THE STATE BUDGET ESTIMATE FOR 2013

OF THE NATIONAL ASSEMBLY
SOCIALIST REPUBLIC OF VIET NAM

BASED ON THE CONSTITUTION OF THE SOCIALIST REPUBLIC OF VIETNAM IN 1992 AS AMENDED AND COMPLEMENTED BY RESOLUTION NO. 51/2001/QH10;

Pursuant to the State Budget Law No. 01/2002/QH11;

After considering Report No. 285/BC-CP dated October 19, 2012 of the Government on the state budget estimate for 2013; Report No. 906/BC-UBTCNS13 dated October 20, 2012 of the National Assembly's Finance-Budget Committee on the state budget estimate for 2013; Report No. 267/BC-UBTVQH13 dated November 8, 2012 of the Standing Committee of the National Assembly on the state budget estimate for 2013 and the opinions of the National Assembly deputies,

RESOLUTION:

Article 1. Approve the state budget estimate for 2013

The total revenue of the state budget is 816,000 billion VND (eight hundred sixteen thousand billion VND);

The total expenditure of the state budget is 978,000 billion VND (nine hundred seventy-eight thousand billion VND);

The deficit of the state budget is 162,000 billion VND (one hundred sixty-two thousand billion VND), equivalent to 4,8% gross domestic product (GDP).

(Annexes 1, 2, 3, 4, and 5 attached)

1. To implement a strict fiscal policy; coordinate synchronously with monetary policy to support production and business development, continue to stabilize macroeconomic conditions, control inflation, and promote economic growth. Strengthen financial-discipline and budgetary discipline, implement the state budget estimate in accordance with the provisions of the law. Vigorously inspect, audit, and make public the use of the state budget, especially in areas prone to corruption and waste.

1. Implement a prudent fiscal policy, restructuring revenues and expenditures, coordinating synchronously with monetary policy to curb inflation, maintain macroeconomic stability; create conditions to mobilize and exploit positively domestic and foreign resources for development investment; restore and expand production, business, exports, and promote economic growth.

2. Continue to improve the legal system on taxes, fees, and charges towards reducing the burden on enterprises and citizens, promoting the restructuring of the economy; while ensuring revenue based on economic growth and income of various social strata, avoiding significant revenue reduction due to policy adjustments, especially without compensation plans.

3. Promptly amend and improve policies, systems, and standards that are inconsistent with reality, contributing to enhancing management effectiveness, ensuring efficiency, thrift, transparency, and clarity in public spending.

4. Strictly manage expenditures according to the approved budget; prevent waste, loss, and corruption. Thoroughly reduce regular spending, particularly expenses for festivals, conferences, seminars, official vehicles, domestic and international travel costs; prioritize important political tasks and ensure resources for social welfare policies. Strengthen management of investment construction funds, government bonds, and national target programs. Focus capital on completing basic construction projects and works capable of completion in 2013. Limit the commencement of new projects and works, ensuring compliance with Directive No. 1792/CT-TTg dated October 15, 2011 of the Prime Minister. Review and strictly manage transferred funds, only allowing transfers for truly necessary expenditures as prescribed by law.

5. Adjust the minimum wage from 1,050,000 VND/month to 1,150,000 VND/month, increase pensions and preferential allowances for war veterans by the same percentage as the increase in the minimum wage from July 1, 2013.

6. Based on the total amount of government bonds stipulated in Resolution No. 12/2011/QH13 of the National Assembly at 225,000 billion VND for the period 2011-2015, issue no more than 60,000 billion VND in government bonds in 2013, while recovering the advanced funds of government bonds for 2013. According to Resolution No. 473/NQ-UBTVQH13 dated March 27, 2012 of the Standing Committee of the National Assembly on the allocation plan for government bonds for the period 2011-2015, the Government will specifically allocate funds for each project and work in the approved list, prioritizing important projects and works capable of completion in 2013, promptly transferring funds before December 31, 2012.

7. Reassess the effectiveness of national target program funds, reasonably allocate the proportion of funds between public services and development investment, prioritizing agricultural, rural, and farmer development programs. Direct mid-term reviews of the implementation of national target programs over three years (2011-2013), report to the National Assembly for consideration and decision at the fourth session of the XIIIth National Assembly. Ministers and heads of ministerial-level agencies managing and using national target program funds are responsible to the Government and the National Assembly; Chairpersons of provincial People's Committees are responsible to the Prime Minister regarding the allocation and effective use of national target program funds.

8. Actively recover temporarily allocated investment construction funds, pre-funding for investment construction projects from the state budget and government bonds only when truly urgent. Strengthen management, closely monitor and restructure public debt, government debt, and foreign debt within safe limits; strictly control government loans and guarantees.

Article 3. Supervision of the implementation of the state budget estimate

The Standing Committee of the National Assembly, the National Assembly's Finance-Budget Committee, the Ethnic Council, and other National Assembly committees, National Assembly delegations, and National Assembly deputies shall supervise effectively the implementation of the state budget estimate for 2013 in their respective areas of responsibility as prescribed by law.

This resolution was adopted by the XIVth National Assembly of the Socialist Republic of Vietnam at its fourth session on November 10, 2012./.

 

 

ANNEX NO. 1

BALANCE OF THE STATE BUDGET IN 2013

Unit: Billion VND

STTContentBudget Estimate for 20131234123
456 1
2A- TOTAL REVENUE OF THE STATE BUDGETDomestic RevenueRevenue from crude oilBalanced revenue from import-export activitiesAid receiptsB- TOTAL EXPENDITURE OF THE STATE BUDGETInvestment Development ExpenditureDebt Repayment and Aid ExpenditureExpenditure for Economic-Social Development, National Defense, Security, Administrative ManagementImplementation of Salary ReformSupplementary Financial Reserve FundD- DEFICIT OF THE STATE BUDGETDeficit as a percentage of GDP (as per current State Budget Law)Deficit including government bonds; excluding principal repayment (percentage of GDP)816,000545,50099,000166,5005,000978,000175,000105,000658,900
(1) 15.60010023.400162.0004,8
4,3

Note: (1) The funding requirement for salary reform at a minimum wage of 1.15 million VND per month, pension, and preferential allowances for those who have rendered meritorious service increasing at the same rate as the minimum wage is 21.7 trillion VND; the State Budget allocates 15.6 trillion VND; the remaining amount of 6.1 trillion VND will be sourced from 50% of the projected increase in revenue of the State Budget in 2013, saving 10% of regular expenditure (already included in the regular expenditure budget), and additional revenue from previous years up to 2012.

 

ANNEX NUMBER 2

BALANCE OF REVENUE AND EXPENDITURE PROJECTIONS FOR THE STATE BUDGET AND THE LOCAL BUDGET IN 2013

Unit: Billion VND

STTContent2013 BudgetAI12II12III12BI12II12CENTRAL BUDGETRevenueCentral budget revenueTax, fees, and other revenuesRevenues from non-refundable aidExpenditureCentral budget expenditureExpenditures under the central budget's responsibilitiesSupplementary allocation to local budgets- Supplementary balance- Targeted allocationBorrowing to cover the deficit of the State BudgetLOCAL BUDGETRevenueLocal budget revenueRevenue allocated according to the division of responsibilitiesSupplementary revenue from the Central Budget- Supplementary balance- Targeted allocationLocal budget expenditureBalanced expenditureLocal budget expenditureExpenditure from targeted supplementary allocations519,836514,8365,000681,836488,241193,595131.51162.084162.000 489.759296.164193.595131.51162.084489.759427.67562.084

 

ANNEX NUMBER 3

PROJECTED REVENUE OF THE STATE BUDGET BY SECTOR IN 2013

Unit: Billion VND

STTContent2013 BudgetI123456789abspecialized agency under the People's Committee of the province/city.For coal-fired thermal power plants where the enterprise holds 100% of the registered capital and uses 100% of its own capital to invest in the project approved by the competent authority, E is determined as 100%;1011IIIII1a
b2IVTOTAL BALANCED REVENUE OF THE STATE BUDGETDomestic revenueRevenue from state-owned enterprisesRevenue from foreign-invested enterprisesRevenue from private businessesTax on agricultural land useTax on personal incomeStamp dutyEnvironmental protection taxVarious fees and chargesRevenue from real estate and land salesNon-agricultural land use taxLand rental and water surface rental feesLand use feesRevenue from the sale of state-owned housingOther revenueRevenue from public utility land and communal assetsRevenue from crude oilRevenue from balanced activities in import and exportTotal revenue from import and export activitiesExport, import, special consumption, and environmental protection taxesImport VAT (total revenue)Refunds of value-added taxRevenue from aid816,000545,500174,236107,339120,248285,48613,44214,29510,37845,7071.2574.68139.0007693.97798999.000166.500237.50081.022
156.478-71.0005.000

 

ANNEX NUMBER 4

PROJECTED EXPENDITURE OF THE STATE BUDGET, CENTRAL BUDGET, AND LOCAL BUDGET BY STRUCTURE IN 2013

Unit: Billion VND

STTContentTotalAmountDivided intoCentral BudgetLocal BudgetAI12IIIII
12IVVVIB
CTOTAL REGULAR EXPENDITURE OF THE STATE BUDGETExpenditure on development investmentWhere:Expenditure on education and training, vocational trainingExpenditure on science and technologyDebt repayment and aidExpenditure on economic and social development, national defense, security, and administrative managementOf whichExpenditure on education and training, vocational trainingExpenditure on science and technologyExpenditure on salary reformFinancial reserve fundContingency fundEXPENDITURE FROM REVENUES MANAGED THROUGH THE STATE BUDGETEXPENDITURE FROM FOREIGN LOANS TOTAL (A + B + C)978,000175,00030,01561,36105,000658,900164,4017,73315,60010,023,40086,801
34.430
1.099.231(1) 550.32581.900 11.3152.836105.000337.025 30.8815.813(3) 15.600 10.80064.621
34.430
649.376(2) 427.67593.100 18.7003.300 321.875 133.5201.920 10012.60022.180 

449.855

Note:

(1) Includes the total targeted supplementary allocation to the Local Budget of 62.084 billion VND.

(2) Includes the total supplementary allocation of 131.511 billion VND from the Central Budget to the Local Budget; does not include targeted supplementary allocations from the Central Budget to the Local Budget.

(3) The funding requirement for salary reform at a minimum wage of 1.15 million VND per month, pension, and preferential allowances for those who have rendered meritorious service increasing at the same rate as the minimum wage is 21.7 trillion VND; the State Budget allocates 15.6 trillion VND; the remaining amount of 6.1 trillion VND will be sourced from 50% of the projected increase in revenue of the State Budget in 2013, saving 10% of regular expenditure (already included in the regular expenditure budget), and additional revenue from previous years up to 2012.

 

ANNEX NUMBER 5

MANAGEMENT OF REVENUE AND EXPENDITURE THROUGH THE BUDGET IN 2013

Unit: Billion VND

STTContent2013 BudgetI12345II TOTALVarious revenue and expenditure managed through the budgetRoad usage feeMaritime safety assurance feeRevenue from passport production and issuance feesOther types of fees and charges; revenue and expenditure at commune levelRevenue from lottery ticketsExpenditure from government bonds86,80126,8014,5139785303,78017,00060,000