Vinh City's budget revenue exceeded 382% of the plan assigned by the province.

On the morning of May 30, the 22nd City People's Council, term 2021 - 2026, held the 22nd session - a thematic session to review and decide on the content of the 2024 Vinh city budget settlement submitted by the City People's Committee.

At the meeting, based on the submission and draft resolution submitted by the City People's Committee on approving the state budget settlement of Vinh city in 2024, the City People's Council delegates reviewed, discussed and agreed with the budget collection results in the area in 2024, demonstrating the city's determination.

Specifically, the revenue results according to the 2024 settlement data with a total of more than 11,681 billion VND, exceeded 382% compared to the provincial budget revenue target, exceeded 175% of the plan assigned by the City People's Council and equal to 148% compared to the implementation results in 2023.

Some revenue items exceeded the target, such as: revenue from local enterprises reached 141% of the assigned estimate; revenue from non-state economic sectors reached 152%; revenue from real estate registration fees reached 135%; non-agricultural land use tax reached 176%; personal income tax reached 172%...

Regarding budget expenditure, the city has ensured the right direction, meeting the tasks of socio-economic development in the area. In addition to spending on organizational activities and implementing social security policies; Vinh city has increased development investment spending with priority on investment in building socio-economic infrastructure, especially urban infrastructure, educational facilities, etc.

Of the total budget expenditure in 2024 with more than 7,530 billion VND (according to final settlement data), development investment expenditure is more than 2,662 billion VND and the capital for the National Target Program on New Rural Areas is more than 12 billion VND.

The meeting reviewed and voted to pass a resolution on approving the state budget settlement of Vinh city in 2024 with specific contents. Including approving the settlement of total revenue and balance of the city and ward and commune budgets with a total of nearly 7,681 billion VND; total expenditure of the city and ward and commune local budgets of nearly 7,531 billion VND; the city's budget balance for the settlement year is 0 VND and the ward and commune budget is nearly 150 billion VND.

Concluding the meeting, Comrade Phan Duc Dong - Member of the Provincial Party Committee Standing Committee, Secretary of the City Party Committee, Chairman of the City People's Council affirmed that the organization of the thematic meeting aims to promptly handle finances and state budget when reorganizing administrative units at all levels and implementing the 2-level local government organization model. The City People's Council's approval of the resolution is the basis for the City People's Committee to implement it in accordance with regulations.

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The meeting also noted that the City People's Committee should pay attention to directing and guiding specialized agencies and establishments to urgently and closely implement tasks related to finance and budget so that the handover and transition work can be carried out, ensuring that no financial and legal problems arise after the end of district-level government activities and the arrangement and putting the new commune-level administrative unit into operation.

In particular, it is important to clearly establish financial obligations and remaining debts by the time of the end of district-level operations, including a clear assessment of receivables and payables, especially those transferred, not yet disbursed, or in the process of implementation, to avoid disputes and backlogs upon handover; and to define the financial responsibilities of the current city and the new administrative unit.

Review, synthesize fully and transparently public assets, including land, office buildings, vehicles, equipment, etc.; remaining financial reserve fund (if any); salary reform fund, social security fund, etc. to serve the handover to the new administrative unit according to the instructions of superiors...