Prime Minister directs to cut down on some regular expenditure estimates

The Prime Minister requested the Ministry of Finance to direct financial agencies and the State Treasury to strengthen the management and control of budget expenditures.

The Prime Minister requested the Ministry of Finance to direct financial agencies and State Treasuries at all levels to strengthen the management, control and administration of budget expenditures; to cut down on regular expenditure estimates that have been assigned since the beginning of the year but by the end of the year, the budget according to regulations still has a surplus, except for newly added amounts during the year and special cases decided by the Prime Minister.

Prime Minister Nguyen Xuan Phuc.

The Prime Minister assigned the Ministry of Finance to preside over and coordinate with ministries, central and local agencies to strictly control loans, minimize the granting of government guarantees for new loans, not to transfer loan capital for re-lending, and government guarantees into state budget allocation capital; to fully assess the impacts on public debt, local government debt and the medium-term debt repayment capacity of the central and local budgets before making new loans.

Localities shall mobilize to offset local budget deficit within the budget estimate decided by the National Assembly; arrange debt interest payment in local budget balance expenditure; principal debt payment outside local budget balance expenditure shall be arranged from loan sources, provincial budget surplus, provincial budget surplus and sources of increased revenue and expenditure savings according to regulations./.

According to VOV