2017 notices about the government budget

The estimated costs, exemptions and school fees reductions must be fairly constructed and addressed. Photo: Thuy Linh

According to the circular, the Ministry of Finance insisted on a few important points when it come to forming and caculating the Budgett of 2017. Firstly, beginning from 2017 specialized purchases and expenses for price subsidies will be arranged in included in other expenditure and it will not be a separate cost. Therefore, all departments, from central offices to local offices will have to take responsibility for the task to record the above expenditure sectors and to detail estimates in order to support the Ministry of Finance to have the base for collecting monies and to support the decision by higher authorities.

Nevertheless, the estimated administrative budget must also clearly detail every content of payroll in 2017. Salaries and subsidies at the base amount of 1,210,000 vnd per month and other specific expense estimates (based on legal rights, justification for expense, spending level etc). 2017 will be the year of the Spirit of Saving, but effective. 2017 will be the second year of the 5 years plan for economic and social development from 2016 to 2020, in the same time being the first year of the stabilized period for the state budget 2017-2020.

Consequently, 2017 will be very important for achieving the goals of development. Notwithstanding, the mission to estimate government budget must match with the standard of the State budget Law of 2015 and guideline documents for implementation that are appropriate with the goals of the 5 year plan of the country’s development economically and socially from 2016-2020 that had been passed by the Congress and the single plan for development in economic-socio 2017.