National Assembly deputies request clarification of 22,000 billion VND debt of Social Insurance

National Assembly deputies asked the National Assembly to clarify a debt of social insurance up to 22,000 billion VND since 1995.

Regarding the issue of social insurance, on the afternoon of November 1, at the discussion session in the hall, National Assembly Deputy Bui Sy Loi (Thanh Hoa delegation) said: he shares the current state budget situation of our country. Currently, our "budget cake" tends to shrink and must increasingly invest in development and social needs are growing, especially social security and infrastructure issues.

However, according to Mr. Loi, the issue that needs attention is how we use the budget effectively, appropriately and in balance between localities. In the current situation, we also have to "cut our coat according to our cloth", we cannot spend as before.

Mr. Loi proposed to the National Assembly about a debt of 22,000 billion VND of social insurance from 1995. He suggested that the Government must determine a plan and roadmap to arrange the state budget to transfer to the social insurance fund to pay social insurance for employees participating in social insurance before January 1, 1995.

According to Mr. Loi, the Standing Committee of the 13th National Assembly has issued Resolution No. 1083 and the Government has also committed to the National Assembly that from 2016, it will continue to gradually pay off this debt until 2020.

Mr. Loi said: “I do not see this source, I do not know how the Government balances it. 22,000 billion VND today has been 20 years, if the interest gives birth to interest, our social insurance fund will have 100,000 billion VND out of this 22,000 billion VND”.

National Assembly Delegate Tran Thi Quoc Khanh (Hanoi delegation)

Regarding the issue of social insurance, National Assembly Deputy Tran Thi Quoc Khanh (Hanoi delegation) said: In recent years, the system of legal documents on finance, budget, and public debt has been increasingly concerned, built, and improved by the National Assembly and the Government. However, the situation of state budget finance management on public debt and other debts of the state budget is still a burning issue causing difficulties for development investment, great pressure on management and operation at all levels and sectors.

Ms. Khanh emphasized: The Government's report shows that over the past years, financial discipline and order have not been strict, spending beyond estimates and spending without estimates is still large, resource allocation is still scattered, public debt is increasing, not to mention the remaining 80,000 billion arising in the process of managing the state budget, and there has not been a source for debt repayment. Notably, the 22,000 billion VND debt of the Social Insurance Fund must be paid to workers as delegate Bui Sy Loi said. Nearly 40,000 billion in ministries, branches and localities. The outstanding debt of basic construction has not been arranged to transfer to the following years in the 2016-2020 plan.

Notably, the Government has not yet grasped, known, or clearly reported the debts of state-owned enterprises to the National Assembly, but only stated that they are currently being reported by enterprises to the Ministry of Finance for synthesis and reporting to competent authorities.

"This is an issue that voters and National Assembly deputies are very concerned about, and must express their attitude as to why the state budget management agency does not know the true nature of the debts of state-owned enterprises. Is this a legal loophole that we need to seriously address?" - Ms. Khanh emphasized.

National Assembly Delegate Nguyen Quang Tuan (Hanoi delegation)

Meanwhile, National Assembly Deputy Nguyen Quang Tuan (Hanoi delegation) said that the reason for social insurance and health insurance debts of enterprises is that they do not pay in full due to bankruptcy and procrastination. Therefore, we have to borrow money to pay social insurance and health insurance.

“Currently, only 24.5% of us participate in social insurance, which greatly affects the payment for the social security fund. In particular, our current retirement age is not suitable for our life expectancy, increasing the payment burden on our economy,” said Deputy Tuan./.

According to VOV