[NEWS] - Striving to increase budget revenue to increase development investment

The revenues between the local budget and the central budget according to the Ministry of Finance in 2023 of Hai Phong City are basically consistent with the needs and development orientation of the city in the coming time.

Send petitions to the Ministry of Finance, voters of Ho Chi Minh City. Hai Phong said that when stipulating the percentage to be divided into the revenues to be divided between the local budget and the central budget of Ho Chi Minh City. Hai Phong for 2023 and the period of budget stabilization, it is necessary to consider the time and approve the ratio by the needs and development orientation of Hai Phong City in the coming time in the spirit of Resolution No. 45 - NQ/TW. Voters propose to approach the regulatory rate of about 78% for the period 2017-2021.

In this regard, the Ministry of Finance said that, based on the revenue and expenditure estimate for 2022, the adjustment rate of the city. Hai Phong in 2022 calculated according to the allocation norm is 61%, down 17% compared to the previous period.

To support the locality with a small reduction in the regulation rate, the Government has submitted to the National Assembly to supplement the city. Hai Phong is about 1,785 billion dongs, of which the allocation increases investment spending by 683.9 billion dongs, and recurrent expenditure increases by about 1,101.1 billion dongs. Accordingly, the adjustment rate after adjustment is about 70% (the city is supported by about 9%).

On November 13, 2021, the National Assembly passed Resolution No. 40/2021/QH15 on the allocation of the central budget in 2022, according to which the percentage is divided through revenues between the central budget and the central budget central government and the local budget (the part of the local budget is entitled to) in 2022 of the city. Hai Phong is 70%.

The percentage distribution of revenues between the local budget and the central budget as mentioned above is only applicable in 2022. Based on the actual situation, in 2023 the National Assembly will change it to be more appropriate.

As for the state budget expenditure estimate this year, based on the state bank’s balancing ability, the Ministry of Finance has submitted to the Government to report to the National Assembly on the increase in budget expenditure of localities (including Hai Phong City) at a reasonable level (capital investment expenditure increased by about 5%, recurrent expenditure by about 3%)

Regarding budget revenue, according to the provisions of the law on taxes, fees, and charges; Based on the estimate of budget collection in 2022, expected on the level of socio-development in the city in 2023, the Ministry of Finance has worked and agreed to estimate the state budget revenue in 2023 of the locality. direction. Simultaneously with the increase in budget expenditure as above, the rate of adjustment of the distributions (the part of the local budget is entitled) of Hai Phong City is 76%.

On 11/11/2022, the National Assembly approved Resolution No. 70/2022/QH15 on the allocation of the central budget in 2023, which stipulates: “The percentage distribution between the revenues Central budget and budget of each province, each city directly under the Central Government, the balance supplement will be applied for the period of budget stability up to 2025.

Accordingly, with the percentage of revenue sharing between the central budget and the local budget (the part of the local budget to be enjoyed) in 2023 the city. Hai Phong is about 76%, an increase of about 6% by 2022 (the rate of adjustment of revenues between the local budget and the central budget of Hai Phong City in the period 2017 - 2021 is 78% in 2022 about approx. 70%). The regulation rate is basically in line with the needs and development orientation of the City in the coming time in the spirit of Resolution No. 45-NQ/TW.

Therefore, from 2023 to 2025, it is suggested that the City must comply with the provisions of Resolution No. 70/2022/QH15 of the National Assembly, and at the same time, strive to increase budget revenue to increase investment sources. economic and social development of the City.

Hoang Yen (Collection source)