N.A. approves State budget settlement for 2022

N.A. approves State budget settlement for 2022.

Chairman of the N.A. Committee for Financial and Budgetary Affairs Le Quang Manh said many deputies pointed out lingering shortcomings in drafting and implementing the State budget estimates and settlement at some ministries, sectors and localities, and urged solutions to this problem.

He said that the N.A. Standing Committee asked the Government to deal with the slow submission of documents on State budget settlement, including that for 2022, while considering the adjustment of the State Budget Law’s regulations on the procedures for deciding State budget settlement and relevant laws to shorten the time and procedures for making annual State budget settlement.

The N.A. Standing Committee also agreed with deputies’ opinions that the information and data on finalization of revenues, expenditures, and State budget deficit in 2022 changed quite significantly compared to those reported by the Government at the parliament's fifth session, which was not been reported to the N.A. Standing Committee to enable the supplementation of the state budget estimates 2022.

Therefore, the N.A. Standing Committee proposed that the N.A. consider approving the addition of over 3.1 trillion VND (121.77 million USD) to the State budget revenue estimate 2022 to ensure the compliance with the State Budget Law. It asked the Government to order the Finance Ministry, other ministries, sectors and localities to draw lessons from, bear responsibility for and not repeat the act of updating and adjusting data after the settlement adjustment period, Manh added.

Source: VNA