The resolution secured official approval with 471 votes in support, representing 94.2% of all N.A. deputies.
According to the approved document, central government budget collections are projected to reach approximately 1.776 quadrillion VND, alongside nearly 1.559 quadrillion VND anticipated from municipal and provincial sources.
In terms of public expenditures, central fiscal outlays are projected to exceed 2.364 quadrillion VND, while regional administrative spending is estimated at around 1.709 quadrillion VND.
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National Assembly passes 2027 state budget plan |
The national fiscal deficit has been projected at 739.597 trillion VND, representing approximately 4.5% of GDP, while aggregate state borrowing is forecast to approach nearly 1.28 quadrillion VND.
Addressing remuneration adjustments and welfare frameworks, the N.A. approved the funding package for the 2027 wage reform plan in accordance with the Government's proposal. Under this arrangement, accumulated wage overhaul reserves will be deployed to finance adjustments in basic salaries and allowances, retirement pensions, social security disbursements, preferential benefits dedicated to national contributors, and administrative workforce reduction schemes.
In particular, central government salary reform surpluses are now authorized for these designated allocations. Concurrently, unspent local salary reserves can be channeled toward centrally mandated welfare programs as well as local staff downsizing initiatives.
The adopted resolution instructs administrative bodies at both national and regional levels to maintain efforts in securing funding for wage restructuring. Furthermore, it tasks the Government with harmonizing fiscal, monetary, and macroeconomic policies in an adaptable manner to safeguard core economic indicators, ensure critical systemic balances, and drive sustainable growth.
National fiscal intake for 2027 is projected to expand by roughly 9.1% relative to the anticipated 2026 performance. Authorities will reinforce enforcement measures to curb revenue leakages, tackle transfer pricing practices and tax avoidance, collect outstanding fiscal obligations, and widen the revenue base, placing particular emphasis on digital commerce platforms, online services, and natural mineral operations.
The resolution imposes stricter fiscal oversight, mandating that public disbursements align strictly with practical delivery capacity and actual revenue generation, while explicitly barring the introduction of new financial commitments lacking confirmed funding sources.
Regarding state infrastructure capital, priority allocation will target pivotal undertakings and high-impact regional developments. Funding will be systematically reallocated away from sluggish schemes toward viable projects that demonstrate clear execution readiness and fast capital absorption capacity but experience capital constraints. Additionally, all prospective ventures must be thoroughly scrutinized to prevent fragmented resource distribution and inefficient spending.
Under the 2027 fiscal blueprint, public capital expenditure will face a 5% baseline reduction to finance essential, high-priority public works. Concurrently, regular operational outlays will be trimmed by 10%, exempting payroll and personnel expenses, in order to expand the financial envelope dedicated to social safety programs.
Government records indicate that public investment allocation reached 72.1% of the annual target throughout the initial ten months of 2026, totaling roughly 720.5 trillion VND. This figure marks an increase of 21 percentage points and an expansion of 229.4 trillion VND compared to the identical timeframe of the prior year.
Moving forward, the Government will enhance project formulation and evaluation processes, systematically review the operational productivity of state capital, and accelerate disbursement to prevent idle public funds and ensure infrastructure ventures reach completion and enter active operation on schedule.
Translated by Chung Anh