Resolution No. 69/2006/QH11 on the Allocation of the Central State Budget for 2007

RESOLUTION

On the Allocation of the Central State Budget for 2007

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THE NATIONAL ASSEMBLY OF THE SOCIALIST REPUBLIC OF VIETNAM
The Eleventh National Assembly, tenth session (from October 17, 2006 to November 29, 2006)

Pursuant to Article 84 of the Constitution of the Socialist Republic of Vietnam promulgated in 1992, as amended and supplemented by Resolution No. 51/2001/QH10 dated December 25, 2001 of the Tenth National Assembly, tenth session;

Pursuant to the Law on State Budget and Resolution No. 68/2006/QH11 dated October 31, 2006 of the National Assembly on the State Budget Estimate for 2007;

After considering Report No. 22/BC-CP dated October 6, 2006 of the Government on the plan for allocating the central state budget for 2007; Report No. 2953/UBKTNS dated October 12, 2006 of the Economic and Budget Committee of the National Assembly and the opinions of the National Assembly deputies.

RESOLUTION:

1. The total revenue of the central state budget for 2007 is 216,015 billion VND (two hundred sixteen thousand one hundred fifteen billion VND), accounting for 71.8% of the total revenue of the state budget; the total revenue of local state budgets is 84,885 billion VND (eighty four thousand eight hundred eighty five billion VND), accounting for 28.2% of the total revenue of the state budget.

2. The total expenditure of the central state budget for 2007 is 272,515 billion VND (two hundred seventy two thousand five hundred fifteen billion VND). After balancing and supplementing with targeted funds from the central state budget to each province and centrally administered city, the total expenditure of the central state budget is 206,857 billion VND (two hundred six thousand eight hundred fifty seven billion VND), accounting for 57.9% of the total expenditure of the state budget; the total expenditure of local budgets is 150,543 billion VND (one hundred fifty thousand five hundred forty three billion VND), accounting for 42.1% of the total expenditure of the state budget.

3. The allocation of the central state budget for 2007 to each Ministry and other agencies at the central level and the amount of supplementary funding from the central state budget to each province and centrally administered city is detailed in Appendices 1, 2, 3, 4, and 5 attached hereto.

4. The period for stabilizing local budgets is four years, from 2007 to 2010.

5. Regarding the allocation of the state budget estimate for 2007, the Government is requested:

a) To assign revenue and expenditure tasks to each Ministry and other agencies at the central level; to assign revenue and expenditure tasks and the amount of supplementary funding from the central state budget to each province and centrally administered city before November 20, 2006 and to notify each Provincial People's Council Delegation;

b) To direct the People's Committees of each province and centrally administered city to submit to their respective People's Councils for decision on the state budget revenue estimate on their territory, the local budget expenditure estimate, and the allocation of the state budget according to the provisions of the Law on State Budget;

c) To direct each Ministry, other agencies at the central level, and each province and centrally administered city to implement the assignment of the state budget revenue and expenditure estimate for 2007 to each unit before December 31, 2006; to direct the organization to publicly disclose the state budget estimate in accordance with the provisions of the Law on State Budget;

d) To direct each Ministry, other agencies at the central level, and each locality to allocate capital for concentrated investment, prioritizing the allocation of capital for ongoing projects that remain effective to complete them and put them into use as soon as possible; for those Ministries, other agencies at the central level, and localities that have overdue debts for construction projects funded by the state budget contrary to regulations, they must seriously review their responsibilities and allocate such debts in the state budget estimate for 2007 to settle them completely; no new overdue debts should be allowed to arise and no capital should be allocated for projects that do not meet the required investment procedures under the law;

e) To report to the Standing Committee of the National Assembly before March 31, 2007 on the progress and results of the allocation of the state budget estimate by each Ministry, other agency at the central level, and each locality, particularly the results of addressing the issue of scattered investment, the allocation of capital to settle overdue construction debts, the amount of capital mobilized in 2007 for additional investment, and the level of debt for investment capital mobilization of each province and centrally administered city;

6. To authorize the People's Councils of each province and centrally administered city to decide specifically on the use of the financial resources for price subsidies, fare subsidies, and free distribution of certain policy goods in 2007, which have been allocated in the balanced expenditure of the local state budget, ensuring effectiveness, correct beneficiaries, and suitability to the actual conditions of each locality.

7. The heads of agencies and units managing and using the budget shall be responsible under the law for any violations in the management and use of the budget; at the same time, strict, timely, and public measures shall be taken against any violations.

8. The Standing Committee of the National Assembly, the Economic and Budget Committee, the Ethnic Council, other Committees of the National Assembly, each Provincial People's Council Delegation, and each National Assembly deputy shall supervise the allocation, assignment, and implementation of the state budget estimate for 2007 by each Ministry, other agency at the central level, and People's Councils and People's Committees at all levels according to their functions and duties.

This Resolution was adopted by the Eleventh National Assembly, tenth session on November 3, 2006./.