Nghị quyết 99/2015/QH13 của Quốc hội về dự toán ngân sách Nhà nước năm 2016

THE NATIONAL ASSEMBLY

Resolution No.99/2015/QH13 dated November 11, 2015 of the National Assembly on State budget estimates in 2016

Pursuant to the Constitution of the Socialist Republic of Vietnam

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

In considering the Government’s Report No. 519/BC-CP dated October 17, 2015 and the Finance and Budget Committee’s Assessment Report No. 3041/BC-UBTCNS13 dated October 19, 2015 on state budget estimates in 2016;

The Government s Statement No. 523/TTr-CP dated October 17, 2015 and the Finance and Budget Committee’s Assessment Report No. 3042/BC-UBTCNS13 dated October 19, 2015 on plan for using loans from Government bonds remaining from the projects on renovation and upgrading of National Road 1A and Ho Chi Minh Road (the section passing Central Highlands);

The Government’s Statement No. 475/TTr-CP dated October 07, 2015 and the Assessment Report No. 3040/BC-UBTCNS13 dated October 19, 2015 on deployment of Resolution No. 78/2014/QH13; the Standing committee of the National Assembly’s Report No. 990/BC-UBTVQH13 dated November 10, 2015 on the implementation of the state budget in 2015, state budget estimates in 2016 and opinions of the National Assembly’s deputies;

RESOLUTION

Article 1. State budget estimates in 2016

Total state budget revenue is VND 1,014,500 billion; if VND 4,700 billion as an amount brought forward to 2016 from the local budget in 2015 is included, total state budget revenue is VND 1,019,200 billion;

Total state budget spending is VND 1,273,200 billion.

The State budget deficit is VND 254,000 billion which is equal to 4.95% of GDP.

(Accompanied by Appendixes 1, 2, 3, 4 and 5)

Article 2. Transfer to the Government

1. In 2016

a.Implement fiscal policies closely; cooperate synchronously with monetary policies to support development of production and business; continue to stabilize macroeconomics, control inflation, boost economic growth better than 2015; Reinforce disciplines on finance – budget; implement state budget estimate according to laws; Strengthen supervision and be explicit about the use of the state budget, especially in the areas most likely to lead to corruption and extravagance;

b.Direct effective implementation of the law on tax and state budget collection; Strengthen investigation and inspection of taxation, prevent loss of revenue, smuggling, trade frauds, production and trading in counterfeits, tax evasion, transfer pricing; detect and handle offenses in a timely manner; Minimize promulgation of new policies reducing state budget collection;

c.Manage state budget spending according to assigned estimates ; Make maximum savings on recurrent expenses by each ministry, sector and locality; minimize expenses for organization of conferences, workshops, festivities; minimize expenses for going overseas to conduct research and survey, procurement of automobiles and expensive facilities; gradually enforce imposition of limitations on employment of public automobiles for a number of titles; Organize elections of the National Assembly and People’s Councils at all levels with maximum saving; strengthen administrative reforms in management of state budget spending; Promulgate policies on increasing state budget spending when it is actually necessary and guaranteed with available sources. Closely manage state budget estimate advances and brought forward expenses; strictly enforce the law on thrift practice;

d.Make adjustments to pensions, compensations for loss of capacity for work that are below VND 2,000,000/month and allowances for kindergarten teachers who have worked before 1995 to be equal to basic pays. This takes effect since January 01, 2016.

Such adjustments shall also be made for the subjects as stipulated in the National Assembly’s Resolution No. 78/2014/QH13 dated November 11, 2014 from January 01, 2016 to April 30, 2016; Since May 01, 2016, adjustments shall be made from current VND 1,150,000 to VND 1,210,000 (an increase of 5%) in basic pays for cadres, officials and civil servants, armed forces who have wage coefficient from 2.34 and below to ensure their incomes are not less than current levels; keep unchanged for pensions, benefits to persons meritorious to the Revolution; assign ministries, sectors and localities to be self-sufficient in extra pay (an amount in addition to an usual pay) on the basis of assigned state budget estimates;  Central budget shall support part of the extra pay for a number of poor localities according to regulations of the Government.

dd.Continue to pay to the state budget 75% of the profits made by the joint Vietnamese – Russian enterprise for oil and gas exploration and proceeds from the reading of petroleum documents; the remaining 255 shall return to PetroVietnam for investment according to laws;

e.Management of development investment expenditures from state budget should accord with laws; strengthen mobilization of resources at home and abroad for development investment; complete legal frame to step up public-private partnership and create conditions for economic sectors to take part in the investment and construction of infrastructure, especially in the areas of agriculture and rural development.

g.Issue VND 60,000 billion worth of Government bonds for investment in the projects using Government bonds as decided by the National Assembly; Keep close control of state budget deficit; put forward positive measures to minimize overspending and increase spending on debt payments; Reinforce inspection and supervision of applications for loans, use of loans and debt payments, especially new loans, Government-guaranteed loans; Continue to restructure loans to the state budget oriented toward increasing middle and long-term loans with reasonable interest rates; ensure balance of public debts, government debts, national foreign debts within prescribed limits;

h.Continue to direct Ministries, sectors and localities to implement self-sufficiency of public service providers in association with the roadmap for application of public service prices ; Step up transfer of direct state subsidy method for public service providers into order placement mechanism;  Make adjustments to prices of state commodities still eligible for valuation toward market price, ensuring compensation for production and business costs; attract other economic sectors to take part in supply of public services;

2. Implementation of a number of state budget tasks in 2015 and 2016:

a.Add an estimated increase of VND 30,000 billion in ODA disbursement (in comparison with the plan) to development investment expenditure estimates in 2015; the Government shall report allocation and use of this loan to the Standing committee of the National Assembly according to laws;

b.Use VND 40,000 billion from sales of state-owned shares at a number of enterprises for development investment; If the central budget in 2015 is in deficit, permit use of no more than VND 10,000 billion from sales of state-owned shares for balancing and meeting development investment expenditures; Include VND 30,000 billion in state budget estimates in 2016 to increase development investment expenditures;

c.Diversify terms of Government bonds issued in 2015 and 2016 of which the government bonds of 3 - 5 year terms should account for no more than 30% of the total government bonds and the government bonds from five years and over should account for 70% as prescribed in the National Assembly s Resolution No. 78/2014/QH13 dated November 10, 2014;

d.Implement issuance of Government bonds to international markets to re-structure government debts on the basis of comparison, analysis and assurance of national interests within 2015 and 2016 with a total maximum amount being US$ 3,000 million;

dd.Check scale, design, efficiency; allocate VND 14,259 billion worth of Government bonds remaining from the projects on renovation and upgrading of National Road 1A and Ho Chi Minh Road passing the Central Highlands ratified by the National Assembly in the Resolution No. 65/2013/QH13 dated November 28, 2013 to invest in the projects as prescribed in Appendix 6 enclosed herewith; overcome causes to traffic congestion and gradually complete the routes bypassing and linking to these two routes;

Article 3. Implementationsupervision

The Standing committee of the National Assembly, the Finance and Budget Committee, the Council of Ethnic Affairs, committees of the National Assembly, delegations of the National Assembly, and deputies of the National Assembly shall be responsible for supervising the implementation of this Resolution within responsibility and authority as prescribed.

This Resolution has been passed in the 10th Meeting Session of the 13th National Assembly dated November 11, 2015.

The Chairman of National Assembly

Nguyen Sinh Hung

APPENDIX 01

STATE BUDGET BALANCE IN 2016(Enclosed with Resolution No. 99/2015/QH13 dated November 11, 2015)

Unit: VND billion

Notes:

(1) Including VND 30,000 billion worth of state-owned shares sold by a number of enterprises;

APPENDIX 02

CENTRAL AND LOCAL BUDGET ESTIMATES IN 2016(Enclosed with Resolution No. 99/2015/QH13 dated November 11, 2015)

Unit: VND billion

Notes:

(1) Including transfers from central budget to local budget in 2016 and transfers from central budget to local budget for applying basic pay as VND 1,150,000/month and making adjustments to wages to low-earners according to the National Assembly’s Resolution No. 78/2014/QH13 dated November 10, 2014;

(2) Excluding target transfers estimates from central budget to local budget in 2016 to implement two National target programs (2016 – 2020 period) and non-business transfers estimates for National target programs (2016 – 2020 period);

APPENDIX 03

STATE BUDGET REVENUE ESTIMATES BY SECTOR IN 2016(Enclosed with Resolution No. 99/2015/QH13 dated November 11, 2015)

Unit: VND billion

Notes:

(1) Including VND 30,000 billion worth of state-owned shares sold by a number of enterprises;

APPENDIX 04

STATE BUDGET, CENTRAL BUDGET AND LOCAL BUDGET SPENDING ESTIMATES BY STRUCTURE IN 2016(Enclosed with the National Assembly’s Resolution No. 99/2015/QH13 dated November 11, 2015)

Unit: VND billion

Notes:

(1) Including target transfers to local budget; excluding balancing transfers to local budget;

(2) Including VND 127,822 billion as balancing transfers to local budget from central budget; excluding target transfers from central budget to local budget;

(3)) Including VND 30,000 billion worth of state-owned shares sold by a number of enterprises;

(4) Including expenditures for adjustments made to basic pay (an increase of 5%) since May 01, 2016 by ministries, central agencies;

(5) Implement shakedown in staff; make adjustments to pensions, compensations for loss of capacity for work; provide additional support to localities that are underdeveloped and face difficulties in budget;

(6) An increase of 50% from local budget revenues in 2016 shall be set aside to implement pay reforms (the remainder after all expenditures for application of basic pay as VND 1,150,000/month and for adjustments to low-earners’ pays as prescribed in the Government’s Decree No. 17/2015/NĐ-CP dated February 14, 2015 have been committed; after an amount of VND 12,000 billion has been granted to a number of localities for increasing development investment expenditures)

APPENDIX 05

UNBALANCE REVENUES AND EXPENDITURES IN 2016(Enclosed with Resolution No. 99/2015/QH13 dated November 11, 2015)

Unit: VND billion

APPENDIX 06

(Enclosed with the Resolution on state budget estimates in 2016)

LIST OF PROJECTS USING GOVERNMENT BOND LOANS REMAINING FROM PROJECT ON RENOVATION AND UPGRADING OF NATIONAL ROAD 1A AND HO CHI MINH ROAD PASSING CENTRAL HIGHLANDS