Nghe An: Estimated 2018 budget revenue exceeds 13,100 billion VND

On the morning of November 27, the Economic - Budget Committee of the Provincial People's Council organized a meeting to review the submissions prepared for the upcoming Provincial People's Council meeting. Comrade Le Hong Vinh - Member of the Standing Committee, Chairman of the Provincial Party Committee's Inspection Committee, Head of the Economic - Budget Committee of the Provincial People's Council chaired the meeting. Attending the meeting were comrades: Hoang Viet Duong - Vice Chairman of the Provincial People's Council; Le Ngoc Hoa - Vice Chairman of the Provincial People's Committee. Photo: My Nga

Domestic revenue forecast does not meet the estimate assigned by the Provincial People's Council

In 2018, the State budget revenue in the area in the first 10 months of 2018 reached 10,903 billion VND, reaching 85.9% of the estimate assigned by the Provincial People's Council, of which domestic revenue reached 9,529 billion VND, reaching 83.4% of the estimate, revenue from import and export activities was 1,374 billion VND, reaching 109.1%.

According to the forecast of the Tax Department and the Customs Department of Nghe An, the estimated budget revenue in 2018 is 13,141 billion 600 million VND, reaching 103.6% of the estimate assigned by the Provincial People's Council.

Although the State budget revenue in the area completed the estimate assigned by the Provincial People's Council and increased compared to the same period in 2017, domestic revenue (excluding land price) is expected to not complete the estimate assigned by the Provincial People's Council.

11/16 revenue items completed the estimate, 5 revenue items achieved low results, did not meet the estimate progress such as: revenue from centrally managed enterprises; revenue from locally managed enterprises, revenue from foreign-invested enterprises; revenue from the non-state industrial, commercial and service sectors...

Budget expenditure in 2018 basically met the task. Estimated local budget expenditure in 2018 reached 24,764 billion 630 million VND, reaching 104.1% of the estimate assigned by the Provincial People's Council.

Vice Chairman of the Provincial People's Council Hoang Viet Duong speaks at the inspection session. Photo: My Nga

Explaining the opinions of members of the Economic - Budget Committee on the speed of completing the set targets, and solutions in the coming time, Deputy Director of the Provincial Tax Department Nguyen Hong Hai said that some reasons such as: tax debt, many businesses are no longer able to pay taxes. Therefore, in the long term, the collection of tax arrears depends on the "health" of the businesses.

The Deputy Director of the Tax Department suggested that, for sustainable development, it is necessary to further strengthen the investment attraction environment, pay special attention to production, create jobs for workers; promote administrative reform, especially perfecting the province's Public Administration Center.

Issue policies that increase budget spending when really necessary

Vice Chairman of the Provincial People's Committee Le Ngoc Hoa suggested a fundamental solution in budget collection is to closely follow regular revenue from products of industrial clusters. Photo: My Nga

Vice Chairman of the Provincial People's Committee Le Ngoc Hoa commented that the 5 unfulfilled budget revenue targets, considered vital targets, "thermometers" to measure the economic stability of the whole province, were still in deficit.

To have more positive steps in 2019, comrade Le Ngoc Hoa said, the Provincial People's Committee continues to closely follow the activities of enterprises, in which the fundamental solution is to regularly collect budget from products of industrial clusters.

Concluding this content, highly appreciating the preparation of the Provincial People's Committee, Head of the Economic - Budget Committee of the Provincial People's Council Le Hong Vinh suggested that the Provincial People's Committee continue to issue a mechanism to regulate revenue and expenditure in the coming time; balance revenue and expenditure evenly, especially need to closely review non-budgetary expenditure sources, only issue policies that increase State budget expenditure when really necessary and balance funding sources during implementation.

The Economic - Budget Committee of the Provincial People's Council unanimously approved the report on the implementation of the 2018 budget revenue and expenditure estimates; the 2019 budget estimate and allocation plan; and the resolution approving the State budget revenue estimates in the area, local budget expenditures and the 2019 local budget allocation plan.

Workers at Hoa Sen Steel Factory. Photo courtesy

Also this morning, the Economic - Budget Committee of the Provincial People's Council also reviewed the reports of the Provincial People's Committee on the results of handling voters' opinions and recommendations before, during and after the 6th session of the Provincial People's Council, term XVII, 2016-2021; Report of the Provincial People's Committee on the implementation of the Resolutions of the Provincial People's Council from the beginning of the 2016-2021 term to present; Report on the results of implementing recommendations and proposals after supervision from the beginning of the 2016-2021 term to present by the Standing Committee and Committees of the Provincial People's Council; Report on activities in 2018, key tasks in 2019 of the Economic - Budget Committee of the Provincial People's Council.