Vinh City's revenue collection exceeded the provincial target by 382%.
Through various decisive measures, Vinh City's budget revenue in 2024 exceeded the provincial budget revenue target by 382%, surpassed the city's People's Council plan by 175%, and was 148% higher than the 2023 results.
On the morning of May 30th, the 22nd session of the Vinh City People's Council, term 2021-2026, held its 22nd meeting - a specialized session - to consider and decide on the budget settlement for Vinh City in 2024, as submitted by the City People's Committee.
Comrade Phan Duc Dong - Member of the Standing Committee of the Provincial Party Committee, Secretary of the City Party Committee, Chairman of the City People's Council, and Vice Chairmen of the City People's Council: Nguyen Hong Quang and Nguyen Tat Son presided over the meeting.
At the session, based on the report and draft resolution submitted by the Vinh City People's Committee on the approval of the 2024 state budget settlement of Vinh City, the city's People's Council delegates reviewed, discussed, and agreed with the results of budget revenue collection in the area for 2024, demonstrating the city's decisive spirit.
Specifically, the revenue collected according to the 2024 final accounts totaled over 11,681 billion VND, exceeding the provincial budget revenue target by 382%, surpassing the city People's Council's plan by 175%, and equaling 148% of the 2023 results.
In particular, several revenue items exceeded targets, such as: revenue from local businesses reaching 141% of the allocated budget; revenue from the non-state economy reaching 152%; revenue from land and property registration fees reaching 135%; revenue from non-agricultural land use tax reaching 176%; and revenue from personal income tax reaching 172%...
Regarding budget expenditures, the city has ensured that they are in line with the established direction and meet the socio-economic development goals in the area. In addition to spending on the operation of the administrative apparatus and the implementation of social welfare policies, Vinh City has increased investment in development, prioritizing the construction of socio-economic infrastructure, especially urban infrastructure and educational facilities.
Of the total budget expenditure in 2024, which exceeded 7,530 billion VND (according to final accounts), development investment accounted for over 2,662 billion VND, and the National Target Program for New Rural Development accounted for over 12 billion VND.
The session reviewed and voted to approve the resolution on the ratification of the Vinh City state budget settlement for 2024 with specific contents. This included the ratification of the total revenue of the city and wards/communes, totaling nearly 7,681 billion VND; the total expenditure of the city and wards/communes, totaling nearly 7,531 billion VND; the budget surplus for the city in the year of settlement was 0 VND, and the budget surplus for wards/communes was nearly 150 billion VND.
Concluding the session, Comrade Phan Duc Dong - Member of the Provincial Party Standing Committee, Secretary of the City Party Committee, and Chairman of the City People's Council - affirmed that the purpose of holding this specialized session was to promptly address state finances and budgets when reorganizing administrative units at all levels and implementing the two-tiered local government model. The City People's Council's adoption of the resolution serves as the basis for the City People's Committee to implement it in accordance with regulations.
The meeting also noted that the City People's Committee should pay attention to directing and guiding specialized agencies and facilities to implement financial and budgetary-related tasks urgently and strictly to ensure that the handover and transition process does not create any financial and legal obstacles after the completion of district-level government operations and the arrangement and operation of new commune-level administrative units.
This includes clearly establishing the remaining financial obligations and debts at the time of the district-level operation's completion, including a clear assessment of receivables and disbursements, especially those carried over, not yet disbursed, or in progress, to avoid disputes and outstanding issues during the handover; and defining the financial responsibilities of the current city and the new administrative unit.
Review and compile a complete and transparent list of public assets, including land, office buildings, vehicles, equipment, etc.; remaining financial reserves (if any); salary reform fund, social security fund, etc., to facilitate the handover to the new administrative unit as directed by higher authorities.
