At the discussion session in the hall on June 1, Minister of Finance Ho Duc Phuc explained and clarified some "hot" issues of interest to the National Assembly deputies in the field of finance - budget such as: Inaccurate estimates lead to an increase of 28.6% in the budget revenue in 2022 compared to the estimate or the problem of a budget surplus of more than 1 million billion...
The Minister of Finance affirmed that in 2022, the socio-economic management will be successful, GDP economic growth will reach 8.02% and budget revenue will reach VND 1,815,500 billion, exceeding 15.7 billion compared to the same period in the same period last year. % and exceeded the estimate by 28.6%, the budget deficit was less than 4%; this is also the year the import-export turnover reached a high of 732.5 billion USD, with a trade surplus of 11.2 billion USD.
In 2022, inflation is 3.15%; public debt decreased to only 38% and government debt was only about 34.7% of GDP.
EXCELLENT REVENUE OVER 400,000 BILLION IS IT BECAUSE OF UNREALIBLE ESTIMATE?
Explaining about the poor estimation leading to high revenue overruns, Minister Ho Duc Phuc said at the time of making the estimate in September 2021, which is the period of Covid-19 outbreak and negative GDP growth in this quarter. 6.02%, the budget revenue of September 2021 is 46% negative compared to the same period, so the budget estimate is in line with the actual situation at that time.
Analyzing the revenues far beyond the budget, the Minister of Finance, said that crude oil exceeded 49.8 trillion due to the increase in oil prices and increased production. Next, revenue from import and export activities also exceeded 86.4 trillion dong.
In addition, revenue from land exceeded 74,000 billion, immediately estimated 135,000 billion VND, then 209,000 billion VND was realized, overcoming the "two-price" real estate transfer to increase 21,000 billion VND...
"Thus, domestic revenue increased to 162.2 trillion dong. It must be said that the financial - budgetary and fiscal management tasks of 2022 are relatively successful," said Mr. Phuc.
Regarding support policies for people and businesses, according to the Minister, 20 days after Resolution 43 of the National Assembly in 2022 was issued, Decree 15 of the Government was issued and took effect. In 2022, the policy of reducing and extending taxes and fees is up to 200.3 trillion dong, of which, 89.6 trillion dong is exempted and 100.3 trillion dong is extended or postponed, with many prominent policies. such as: reducing VAT to 8%, reducing environmental protection tax with gasoline by 50%...
In addition, the highlight of the recovery program is 347,000 billion, of which, 176,000 billion is invested in infrastructure construction, with the highway system being started and inaugurated continuously, creating a traffic connection network to make traffic connections. change the face and promote economic growth.
In 2023, it is expected that the policy reduction and extension will reach 195.4 trillion dong, of which, exemption and reduction is 74.2 trillion dong, and extension is 121.2 trillion dong.
More information about the mobilization of ODA, the Minister of Finance, said that in the first step of implementing the new generation ODA, the Prime Minister assigned the Ministry of Finance to sign an Agreement with Japan to borrow 50 billion yen, the interest rate is only 50 billion yen. 0.01%. These are also successes and ODA projects have also started to be implemented.
PROMOTE DISTRIBUTION TO REDUCES THE FUND STILL
Regarding the issue of leaving the budget surplus of more than 1 million billion without using it for other things, the Minister of Finance, said that in fact the budget balance is 1,043 trillion VND, currently sent to the State Bank is 895 trillion VND. , interest rate 0.8%/year, the rest is deposited at commercial banks, short-term deposits.
This amount is associated with specific spending tasks, which means that this source is a temporary idle source included in the estimate approved by the National Assembly, such as allocation to public investment projects, national target programs. ... and the source has detailed tasks. The backlog is because we have not fully disbursed, not the source to allocate to other things, "the Minister explained.
According to the financial sector chief, in the face of difficult economic situations, what needs to be done now is to remove aggregate demand, ie increase social consumption, increase private investment, especially in areas such as real estate. real estate, renewable electricity, continue to promote disbursement of public investment or increase import and export.
Accordingly, it is necessary to solve market and capital supply problems and remove difficulties for businesses. Enterprises are the "cells" of the economy, only when businesses develop, they will create jobs, grow and collect revenue.
Therefore, "must be strongly decentralized to localities and ministries and sectors such as national target program capital, recurrent expenditures to repair and upgrade public works and machinery and equipment... decentralize and focus on solving legal problems, especially land and power projects", the Minister noted.
Difficulties in disbursement of public investment capital when according to reports, in the first months of the year, there were 74/115 agencies, ministries as well as localities disbursing capital below 15%, which is also one of the main reasons for the budget deficit. large fund mentioned above.
Minister of Planning and Investment Nguyen Chi Dung explained and clarified concerns about the slow disbursement of public investment capital - Photo: Quochoi.vn.
Explaining at the meeting, Minister of Planning and Investment Nguyen Chi Dung, affirmed before the National Assembly that up to now, all issues of decentralization and decentralization of public investment have been thoroughly and all rights assigned to the National Assembly. for ministries, branches and localities, from project selection, to project formulation, project preparation to public investment disbursement, project adjustment, site clearance, project bidding, implementation , organization of construction...
Accordingly, the Ministry of Planning and Investment or central agencies only do the work of summarizing and reviewing, to report to the Government and the National Assembly for assignment and assignment of a department to the locality. On the basis of the 5-year medium-term plan, the locality assigns details to each project, the central ministries no longer do those things.
Another problem that delegates also wondered is why the same legal ground is well implemented by this locality and other ministry, the rate is high, but the rate is low in other localities and other branches, Minister Nguyen Chi said. Dung, said that the main problem lies in the stage of implementation.
Therefore, the Minister of Planning and Investment suggested that National Assembly deputies and People's Councils at all levels pay attention to and immediately supervise their localities and branches to work with the Government to create more positive changes in the problem of solving problems. public investment in the coming time, contributing to economic development.