Focus on financial policy - state budget

(Baonghean) - Along with changes in the currency market (interbank interest rates, central VND/USD exchange rate, stock market...) there have been strong impacts on the State budget revenue and expenditure in February.

Strengthening the management and operation of the State budget

To implement Resolution No. 01/NQ-CP dated January 7, 2016 of the Government on key solutions to direct and implement the socio-economic development plan and the State budget estimate for 2016, the Ministry of Finance has implemented assigned tasks. In particular, the Ministry focused on directing the Tax, Customs, State Treasury, State Reserves and Financial agencies from the central to local levels to synchronously and effectively implement solutions to strengthen the management and operation of the State budget, ensure service to people and businesses, and stabilize market prices. The organization of conferences to deploy the implementation of tax and customs tasks in 2016 has launched a movement to promote anti-revenue loss, focus on handling tax arrears and promote administrative procedure reform, strengthen post-clearance inspection... right from the beginning of the year; Complete the notification of the 2016 state budget revenue and expenditure tasks to ministries, central and local agencies.

Transaction at VIB Bank Nghe An Branch

In addition, the Ministry of Finance has coordinated with ministries, central and local agencies on the implementation of financial tasks - State budget in 2016, including specific measures to strengthen revenue management, prevent budget loss, transfer pricing, tax evasion, strictly control value-added tax refunds, strengthen inspection, examination and auditing, focus on handling to reduce tax arrears, assign debt collection targets to affiliated units and subordinates.

It is noteworthy that the Ministry has submitted to the Government a draft resolution of the National Assembly to supplement the exemption of agricultural land use tax, continue to complete the resolution of the National Assembly on handling tax debts to remove difficulties for organizations and individuals; continue to complete the project to amend and supplement a number of articles of the Law on Value Added Tax, the Law on Special Consumption Tax, the draft Law on Export Tax and Import Tax (amended) and proactively develop Government decrees guiding their implementation. At the same time, continue to implement solutions to promote administrative procedure reform in the fields of tax and customs, contributing to improving the investment and business environment, enhancing national competitiveness according to Resolution No. 19/NQ-CP of the Government.

Ensure to meet the needs of state budget expenditure

Regarding the plan and key tasks in March 2016, Deputy Minister of Finance Vu Thi Mai said that the sector will organize the management of the central budget to ensure funding for spending tasks according to approved estimates and actual expenditures; continue to synchronously implement administrative reform and modernization measures in the tax and customs sectors in accordance with Resolution No. 19/NQ-CP and Resolution No. 36a/NQ-CP of the Government. Implement legal documents on tax and customs; organize the management of the treasury to ensure meeting the spending needs of the State budget; Issue government bonds according to the plan and assigned tasks; Focus on directing and guiding local State Treasuries to implement the work of controlling State budget expenditures. Regarding capital mobilization for the economy, the Ministry continues to complete documents guiding Decree 60/2015/ND-CP.

In addition, the implementation of the work of examining the allocation of the 2016 state budget investment plan for ministries and branches; accelerating equitization and divestment of non-core investments according to the plan approved by competent authorities; coordinating with ministries, branches and localities on financial handling and handling of surplus labor for state-owned enterprises. The work of supervising and handling financial problems of enterprises... will also be focused on. In addition, the research and completion of the decree on casino business activities; submitting to the Prime Minister the 2016 government-guaranteed bond issuance limit of two policy banks; organizing the review of the current status of use and handling of automobiles, handling of problems in the implementation of land finance policies... will also be promoted from the beginning of the year along with the technical review of the Vietnam - EU FTA; preparing for the signing of the EVFTA expected in the second quarter of 2016.

Red River