The resolution states that the total central and local budget revenues are 739.132 trillion VND (over 32.63 billion USD) and 672.568 trillion VND, respectively.
The total expenditure of the central budget is 1,087,032 billion VND, of which 359.982 trillion VND is earmarked for supplementing the budget balance and the local budget.
Before passing the resolution, the N.A. heard Chairman of its Finance-Budget Committee Nguyen Phu Cuong presenting a report explaining the revision of the draft resolution on central budget allocation for 2022 based on received feedback.
Cuong said a large number of comments suggested increasing the expenditure on health, particularly regarding COVID-19 prevention and control, grassroots healthcare, and preventative medicine.
The N.A. Standing Committee said that although the state budget still encountered difficulties and the central budget revenue in 2021 is expected to be lower than expectation, the allocation for the health sector, especially on pandemic prevention and control, has always been the top priority.
It is expected that in the central budget allocation for 2022, allocation for health care will be much higher than the level in 2021, including about 10 trillion VND to be spent on benefits for those working on the frontline against the pandemic and on purchasing drugs, vaccines, and medical equipment and supplies.
In order to ensure social security and support the poor and vulnerable people amid pandemic-caused difficulties, the central budget allocation plan for 2022 will set aside over 89 trillion VND for social security expenditure. If including allocations worth 43.293 trillion VND from the local budget for the same purpose, the total state budget allocation for this field makes up some 11.9 percent of the total regular expenditure of the state budget.
Source: VNA