Budget for science not fully disbursed yet
View of the periodic press conference in the Ministry of Science and Technology. Photo: Ministry of Science and Technology’s Office |
Responding to questions relating to the State budget for science and technology valued at 2% each year which has not sufficiently been provided and some organizations lacked money to study meanwhile some have not fully disbursed the supplied amount, Deputy Minister Pham Cong Tac said that the State spared 2% of the total State budget for science and technology as regulated. The amount has been allocated sufficiently.
“Nevertheless, the actual amount for science and technology is below 2% because we have to keep an emergency amount for security and defense concerning science and technology. When the Ministry of Science and Technology shared views with the Ministry of Finance and the National Assembly, the emergency amount has been significantly increased over recent years. Thus, the actual remainder for science and technology is below 1.5% which is not enough for an efficient operation” added Mr. Pham Cong Tac.
According to Pham Cong Tac, the State management in science and technology has focused on the objectives of reform and enhancement of research quality in important fields. Despite the difficult situation, the State has invested appropriately in science and technology from the State budget.
“The State management in basic science and technology has been adjusted by the laws. The system of guiding documents has been sufficiently published at all levels by ministries and agencies. Policies and the legislation on science and technology development in the fields of norms, standards, measurement, quality, high technology, technology transfer, intellectual property rights…are getting reformed and completed, creating a legal environment in a synchronous and convenient manner” stressed Mr. Pham Cong Tac.
From other sources, at the fourth session of the Standing Committee of the National Assembly on October 4th, 2016, many participants said that the budget for science and technology had not provided sufficiently for the past years as regulated. Addressing the meeting, the Chairwoman of the National Assembly, Ms. Nguyen Thi Kim Ngan stressed that the Party and the State paid special attention to the policy of science and technology development, confirming improvement in science and technology, education and training as the first prioritized policy. Therefore, the two fields (science-technology and education – training) have been prescribed in terms of expenditure proportions.
Accordingly, the proportion for science and technology development in Viet Nam is now 2% of the total State Budget. However, this amount has never fully been disbursed. The Chairwoman affirmed although the improvement in science and technology had not satisfied expectations, the right policies, legislation and guidelines in strengthening science and technology had contributed to national development.
Related News
State Treasury promotes digital convenience and facilitates customers
16:05 | 11/03/2023 Finance
Tax sector proposes handling over VND1 trillion from inspections
09:23 | 09/02/2023 Finance
State budget revenue in first month of 2023 sees low result
15:42 | 07/02/2023 Finance
Over VND638 trillion of public investment for 2023 allocated
09:46 | 05/02/2023 Finance
Latest News
Corporate bonds worth 1.1 billion USD issued in March
13:55 | 06/04/2023 Finance
Tax revenue is estimated at VND 426,922 billion in the first quarter
09:56 | 06/04/2023 Finance
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline
14:47 | 04/04/2023 Finance
Central bank starts huge credit package for social housing projects
14:42 | 04/04/2023 Finance
More News
In Q1, State revenue estimated to rise by 1.3%
13:28 | 04/04/2023 Finance
Consider raising the level of penalties to ensure fairness and transparency in the stock market
13:27 | 04/04/2023 Finance
Central bank cuts policy interest rates to spur growth
17:43 | 02/04/2023 Finance
Ensure policies to attract investment when implementing global minimum tax
10:33 | 02/04/2023 Finance
SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks
20:30 | 01/04/2023 Finance
Solutions to attract FDI when implementing the global minimum CIT
11:38 | 01/04/2023 Finance
Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba
13:43 | 31/03/2023 Finance
Being many "hot" issues at the general meeting of shareholders of banks
09:24 | 30/03/2023 Finance
Bringing the policies on reducing land rent and water surface rent into life
15:41 | 29/03/2023 Finance
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Corporate bonds worth 1.1 billion USD issued in March
13:55 | 06/04/2023 Finance
Tax revenue is estimated at VND 426,922 billion in the first quarter
09:56 | 06/04/2023 Finance
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline
14:47 | 04/04/2023 Finance
Central bank starts huge credit package for social housing projects
14:42 | 04/04/2023 Finance
In Q1, State revenue estimated to rise by 1.3%
13:28 | 04/04/2023 Finance