Many solutions to increase state budget revenue

(Baonghean) - In 2014, despite many unfavorable factors affecting revenue, expenditure and budget management in the province, the Finance sector overcame difficulties to successfully complete assigned tasks, contributing to the successful implementation of the province's socio-economic development plan.

Comrade Nguyen Xuan Duong - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee talked with officers of the Department of Finance.

In 2014, the growth rate of the province's gross domestic product (GDP) reached 7.24% compared to 2013; some indicators increased significantly compared to the same period; the State budget revenue achieved positive results and exceeded the assigned plan. Specifically: The total budget revenue in 2014 was 7,656 billion VND, an increase of 13.7% compared to the estimate assigned by the Provincial People's Council and an increase of 20.7% compared to the same period in 2013.

Of which: Domestic revenue reached 6,453 billion VND, an increase of 10.9% compared to the estimate assigned by the Provincial People's Council and an increase of 19.4% compared to 2013. If excluding land use fee revenue, domestic revenue reached 5,620 billion VND, an increase of 15.7% compared to 2013; Revenue from import and export activities reached 1,187 billion VND, an increase of 31.9% compared to the estimate and an increase of 29% compared to 2013; Lottery revenue reached 15 billion VND. Total local budget expenditure in 2014 reached 19,394 billion VND, an increase of 20.4% compared to the estimate assigned by the Provincial People's Council; of which: development investment expenditure reached 5,175 billion VND, an increase of 87.6% compared to the estimate assigned by the Provincial People's Council; regular expenditure reached 14,219 billion VND, an increase of 8.6% compared to the estimate assigned by the Provincial People's Council. Regular expenditures have ensured the activities of Party, State, and mass organizations, the fields of education, training, vocational training; healthcare, culture, information, sports; national defense and security, and the good implementation of social security policies such as increased funding for purchasing health insurance cards, supporting electricity bills for poor households, supporting rice land, visiting and wishing New Year to policy beneficiaries and meritorious people; funding for prevention and control of livestock and poultry diseases, rice pests, etc.

To achieve the above results in 2014, the Finance sector has overcome difficulties to successfully complete its tasks, contributing to the successful implementation of the 2014 socio-economic development plan of the province; thereby achieving a number of outstanding achievements such as:

- Regarding budget management: The Department of Finance has taken the lead in advising the Provincial People's Committee to promulgate a mechanism for assigning and decentralizing budget management and operation; the rate of regulating budget revenues for budget levels in accordance with the regimes, policies and practical situation of the locality; promptly advised the Provincial People's Committee to continue to assign autonomy and self-responsibility for the use of payroll and administrative management expenses to state management agencies according to Decree No. 130/2005/ND-CP; assign financial autonomy to revenue-generating public service units according to Decree No. 43/2007/ND-CP of the Government.

The budget revenue and expenditure estimates are made public in detail, clearly and specifically for all budget levels, sectors and units, creating conditions for the State Treasury to perform its tasks well. At the same time, for unexpected expenditures such as social security policies, natural disaster and flood prevention, livestock and poultry disease prevention, etc., the Department of Finance has promptly advised and submitted to competent authorities for consideration and handling according to regulations.

- Regarding the work of budget allocation and management of revenue and expenditure: The Department of Finance has closely coordinated with the State Treasury to effectively implement the work of budget revenue and expenditure management on the budget and Treasury management system (Tabmis). Thereby, creating conditions for agencies, departments, branches and localities to effectively use and exploit information through the TABMIS system, serving the work of budgetary financial management. Timely allocation of funds to units according to progress and unexpected such as: funds for prevention and control of livestock and poultry diseases, compensation for site clearance, social security, national defense - security,...

- The Department of Finance has implemented the monthly, quarterly and annual budget revenue and expenditure reporting regime to the Provincial People's Committee and the Ministry of Finance as prescribed. At the same time, it has issued documents guiding the implementation of final settlement and closing of the year-end budget in a timely manner to synthesize the 2013 State budget settlement, report to the Ministry of Finance, State Audit Office of Region II and submit to the Provincial People's Council for approval in accordance with the provisions of the State Budget Law.

The Department of Finance has promoted administrative reform from the circulation of documents, files, and procedures for allocation to the state budget allocation process in a democratic and transparent manner, and has effectively implemented the quality management system according to ISO 9001-2008 standards. Continue to review legal documents to advise the Provincial People's Committee and Provincial People's Council to abolish documents that have expired, and adjust and supplement a number of documents according to regulations issued by the Central Government and the province.

Investment Department staff, Department of Finance handle year-end work.

Continue to effectively implement the Campaign "Studying and following the moral example of Ho Chi Minh", the agency's regulations, and effectively implement the grassroots democracy regulations. At the same time, strictly implement Directive No. 17-CT/TU of the Provincial Party Standing Committee on strengthening discipline and administrative discipline in the activities of agencies and units.

During the year, the Department of Finance organized training courses and professional knowledge training for account holders and accountants periodically throughout the province; and provided training on investment financial management for investors and a number of People's Committees of districts, cities and towns.

Promoting the achievements in 2014, the Finance sector strives at the highest level to successfully carry out the socio-economic development tasks in 2015 in general and the budget revenue and expenditure estimates in 2015 in particular. In that spirit, the Department of Finance has advised the Provincial People's Committee to direct departments, branches, sectors and People's Committees of districts and cities to well implement the following contents:

- Firstly, resolutely direct the budget collection work right from the beginning of the year. Focus on implementing new tax policies that take effect from January 1, 2015 such as the amended and supplemented tax laws: Law on VAT, Law on Natural Resources Tax, Law on Personal Income Tax, Law on Tax Administration...

Strengthen coordination between revenue agencies and functional forces in revenue management, preventing revenue loss, and handling arrears. Manage revenue sources in the area, review to firmly grasp revenue sources and budget payers in the area.

- Second, sectors, levels and units need to focus on allocating the budget in accordance with the expenditure estimate assigned by the Chairman of the Provincial People's Committee, both in total and in detail for each expenditure area, to assign the budget to the beneficiary units.

- Third, proactively arrange funds to visit and wish the Lunar New Year 2015 to policy beneficiaries, meritorious people, officers and soldiers of the armed forces on duty in border areas and islands and ensure timely support for poor households during the Lunar New Year. Do not use public funds and State assets for parties, receptions, gifts and donations that are not in accordance with State regulations. At the same time, strengthen management and operation to stabilize market prices, ensure social order and safety during the Lunar New Year 2015. Closely monitor price developments to provide timely advice. Strengthen the fight against smuggling, counterfeit goods, poor quality goods, and trade fraud. Strictly check price postings, do not let prices fluctuate after Tet.

Nguyen Xuan Hai

Director of the Department of Finance