Nghe An's budget revenue reached over 17,000 billion VND.

Comrade Dinh Tien Dung - Member of the Central Committee of the Party, Minister of Finance, presided over the meeting.

ComradeLe Hong Vinh- The Standing Committee member of the Provincial Party Committee and the Permanent Vice Chairman of the Provincial People's Committee presided over the meeting at the Nghe An location.

Delegates attending the online conference of the Finance sector at the Nghe An branch. Photo: PV

55 out of 63 provinces have completed the plan.

According to the General Department of Taxation's report, in 2020, the national budget revenue reached 1,261,662 billion VND. As of December 31st, the entire tax sector still needed to expedite the collection of large-scale revenues to reach an additional 7,000 billion VND, bringing the estimated 2020 budget revenue to 101% of the state budget target. The 2020 revenue collection was considered a spectacular achievement, thanks to exceptional efforts and the severe impact of the Covid-19 pandemic. 55 out of 63 provinces completed their budget revenue targets.

At the conference, major cities such as Hanoi, Ho Chi Minh City, and Hai Phong reported on their revenue collection efforts and proposed solutions for the coming year. Most opinions acknowledged that 2020 was a very difficult year, but demonstrated the high level of effort from the entire Party and people, as well as the endeavors of local authorities and the tax sector.

Nghe An province implemented its socio-economic development plan for 2020 amidst numerous difficulties and challenges, yet still achieved positive results such as an estimated product growth rate of 4.45%, and state budget revenue exceeding 17,000 billion VND, surpassing the provincial People's Council's assigned target. The province also successfully carried out the task of preventing and controlling the Covid-19 pandemic, as well as providing timely support to businesses and people facing difficulties.

An assessment of the 2020 budget shows that: Under the conditions of the pandemic.Covid-19The situation affected all production and business activities, but thanks to the timely and flexible guidance of the Nghe An Provincial People's Committee, state budget revenue in the province in 2020 exceeded the adjusted budget estimate of the Provincial People's Council and increased compared to the same period in 2019. However, some domestic revenue items still did not meet the adjusted budget estimate of the Provincial People's Council. Budget expenditures met the important tasks of 2020.

Textiles and garments are a strength of Nghe An province. Photo: Archival material.

In 2020, the management of state budget expenditures was based on revenue collection progress, ensuring funding for important expenditure tasks such as salaries, allowances, and social security policies; ensuring the progress of capital investment expenditures and targeted programs; and meeting the funding requirements for some urgent expenditure tasks during the year...

Continue pursuing the dual objectives.

Speaking at the conference, Minister Dinh Tien Dung assessed that the tasks had achieved comprehensive results. Under the leadership of the Party, the Government, and local authorities, Vietnam simultaneously combated the pandemic, stabilized the economy, and ensured national security. Budget revenue reached 98% of the projected target, an increase of 158,000 billion VND compared to the report submitted to the National Assembly. 55 out of 63 provinces and cities achieved their 2020 budget revenue targets, contributing to placing Vietnam's growth among the world's top performers.

Nghi Thiet cement mixing plant. Photo: Viet Phuong

In 2021, we continued to effectively implement the Prime Minister's directives on budget revenue and expenditure, achieving the dual goals of both preventing and controlling the epidemic and stabilizing the socio-economic situation, while meeting important expenditure requirements.

Local Party committees and authorities are focusing their efforts on effectively carrying out their tasks from the very first day and month of the year, anticipating the difficulties of 2021, continuing to remove obstacles for businesses and producers, proposing to the Prime Minister to extend tax and fee payments, continuing to support people and businesses, and implementing austerity measures.

PV