Resolution No. 50/2017/QH14 on the Allocation of the Central State Budget for 2018

RESOLUTION
on the allocation of the central budget for 2018

OF THE NATIONAL ASSEMBLY

Pursuant to the Constitution of the Socialist Republic of Vietnam;

Pursuant to the Law on State Budget No. 83/2015/QH13 and Resolution No. 49/2017/QH14 dated November 13, 2017 of the National Assembly on the state budget estimate for 2018;

Based on the reports: No. 463/BC-CP, No. 465/BC-CP dated October 18, 2017, No. 536/BC-CP dated November 13, 2017 of the Government; Report No. 739/BC-UBTCKNS14 dated October 20, 2017 of the Committee for Finance and Budget; Report on adoption and clarification No. 214/BC-UBTVQH14 dated November 13, 2017 of the Standing Committee of the National Assembly and the opinions of National Assembly deputies,

RESOLUTION:

Article 1. Total revenue and expenditure of the central budget in 2018

1. The total revenue of the central budget is VND 753,404 billion (seven hundred fifty-three thousand, four hundred and four billion dong). The total revenue of local budgets is VND 565,796 billion (five hundred sixty-five thousand, seven hundred ninety-six billion dong).

2. The total expenditure of the central budget is VND 948,404 billion (nine hundred forty-eight thousand, four hundred and four billion dong), including VND 321,151 billion (three hundred twenty-one thousand, one hundred and fifty-one billion dong) allocated to balance the budget and target-oriented supplementary funding for local budgets.

Article 2. Allocation of the central budget for 2018

1. Allocation of the central budget for 2018 by sector and detailed allocation to each ministry and central agency according to Appendices 1, 2, and 3 attached hereto.

2. Supplementary funding for balancing the budget, target-oriented supplementary funding, and allocation of capital for national target programs from the central budget to local budgets according to Appendices 4, 5, 6, and 7 attached hereto.

3. The level of deficit in local budgets and the amount of borrowing to cover the deficit, borrowing to repay principal debt for each locality according to Appendix 8 attached hereto.

Article 3. Assigning the Government

1. Assign the tasks of revenue collection and expenditure of the state budget and the allocation of the central budget to each ministry, other agencies at the central level, and each province and centrally-administered city according to the provisions of the law and notify in writing to each delegation of provincial and centrally-administered city People's Councils.

2. Promptly approve programs and targets to allocate and transfer capital to ministries, sectors, and localities in accordance with regulations.

3. Allocate capital to effective programs and projects, reduce capital for slow-progressing projects, supplement capital for projects with high completion volume, report to the competent authority for decision-making in accordance with the law, ensuring no surplus capital. Focus on accelerating progress and completing important national programs and ongoing critical construction projects, supporting housing for those who have contributed to the revolution.

4. During the period 2018-2020, allocate target-oriented funding from the central budget to local budgets seventy percent of the revenue from administrative penalties in the field of traffic safety that accrues to the central budget on the territory of each locality in the year immediately preceding the current year. Allocate thirty percent remaining to the Ministry of Public Security to implement expenditures for traffic order and safety operations of subordinate agencies, centralized procurement of some equipment and facilities needed for uniform and synchronized service of traffic police forces, while adjusting support for public security agencies in some localities with difficult revenue sources to serve traffic order and safety operations in their respective areas.

5. Direct provincial and centrally-administered city people's committees to submit to the respective People's Councils for decision on the revenue estimate of the state budget on their territories, expenditure estimates of local budgets, local budget deficits, total borrowing levels of local budgets (including borrowing to cover deficits and borrowing to repay principal debts), and decisions on budget allocations within their authority in accordance with the law.

6. Direct ministries, other agencies at the central level, and people's committees at all levels to assign the revenue and expenditure budget estimates for the state budget for 2018 in accordance with the National Assembly's Resolution before December 31, 2017; implement transparency, report on the results of budget allocation and assignment in accordance with the Law on State Budget.

7. Guide ministries, sectors, and other agencies at the central level and localities to prioritize investment capital allocation to settle outstanding construction debts from the central budget; allocate funds to recover advance payments from the central budget during the remaining period of 2016-2020; firmly cut funds allocated in violation of regulations; strengthen measures to prevent new construction debts; minimize adjustments to the medium-term investment plan already decided by the competent authority.

8. Direct localities to rearrange expenditures to ensure sufficient funds for important tasks and additional tasks in 2018; fully allocate funds for implemented policies; strive to increase revenue, reduce expenditure, and utilize surplus civil servant salary reform funds from local budgets (after ensuring sufficient needs for local salary reforms) to implement social welfare policies issued by the central government, reducing reliance on central budget support for these social welfare policies.

9. For special-purpose systems, policies, and expenditure tasks decided by provincial People's Councils in accordance with Article 30 of the Law on State Budget, measures must be taken to ensure financial resources within the annual expenditure budget estimates allocated and other financial resources to implement them, without supplementary funding from the central budget.

Article 4. Supervision of the allocation of the central budget

The Standing Committee of the National Assembly, the Finance and Budget Committee, the Ethnic Council, other committees of the National Assembly, delegations of National Assembly members, and National Assembly deputies within their respective responsibilities and authorities as prescribed by law shall supervise the allocation of the central budget for the year 2018 by ministries, sectors, other agencies at the central level, and People's Councils and People's Committees at all levels.

This Resolution was adopted on November 14, 2017, by the Fourth Session of the Fourteenth National Assembly of the Socialist Republic of Vietnam.