Basic salary increased to 1.49 million VND from July 1, 2019
The National Assembly passed a Resolution on the 2019 state budget estimate, assigning the Government to adjust the basic salary from VND 1.39 million/month to VND 1.49 million/month from July 1, 2019.
The resolution was passed by the National Assembly on the afternoon of November 9 with 87.01 votes in favor, stating: The 2019 state budget estimate with total state budget revenue is 1,411,300 billion VND. Total state budget expenditure is 1,633,300 billion VND.
The state budget deficit is 222,000 billion VND, equivalent to 3.6% of gross domestic product (GDP), including: Central budget deficit is 209,500 billion VND and local budget deficit is 12,500 billion VND.
Total state budget loans are 425,252 billion VND.
Regarding the use of the remaining funds and the transfer of the regular funds of the central budget in 2017, the National Assembly allows the use of 10,380 billion VND of the remaining funds of the central budget in 2017 to handle the following tasks: compensating for the reduction of the central budget balance revenue of 5,894 billion VND; supporting the reduction of the local budget balance revenue of 2,815 billion VND; supporting some localities lacking resources to implement the salary policy of 1,671 billion VND. This amount of funds is settled in the State budget expenditure in 2017.
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| Voting results to approve the 2019 budget estimate at the 6th Session |
The National Assembly also assigned the Government to implement a number of measures to manage the financial and budgetary tasks in 2019. It emphasized the strict management of fiscal policy, synchronous and flexible coordination with monetary policy to support production and business development, continue to stabilize the macro-economy, control inflation, and promote economic growth. Tighten financial and budgetary discipline, comply with the State budget estimates in accordance with the law. Strengthen inspection, examination and publicity and transparency in the use of the State budget.
Along with that, it is necessary to strengthen management, avoid loss and waste of the State budget, especially strictly manage the investment rate of basic construction works. Supplement technical standards of the industry and field, contributing to reducing investment costs. Strictly implement regulations on land allocation and land lease in the form of land use rights auction according to the provisions of the law on land.
“Implement the adjustment of the basic salary from 1.39 million VND/month to 1.49 million VND/month, adjust pensions, social insurance benefits, monthly allowances according to regulations (for subjects guaranteed by the state budget) and preferential allowances for people with revolutionary contributions to increase by the same level as the basic salary increase, effective from July 1, 2019” – the Resolution of the National Assembly clearly stated../.