NA approves resolution on state budget allocation plan for 2025

The National Assembly passed a resolution on state budget allocation plan for 2025 with all 432 deputies present at the November 13 afternoon sitting voting in favour.

The resolution specifies that the total central budget revenue is set at over 1.020 quadrillion VND, while the total local budget revenue is over 946.67 trillion VND.

The NA decided to allocate 60 trillion VND from the state budget’s accumulated funds for wage reform, while transferring over 50.6 trillion VND from the local budget’s wage reform funds left from 2024 to the 2025 budget.

Meanwhile, the total central budget expenditure is over 1.523 quadrillion VND, including an estimated allocation of 248.78 trillion VND to balance the budget.

The NA requested the Government to direct and guide ministries, central and local agencies, and provincial and municipal authorities to allocate state budget funds in a focused and prioritised manner, ensuring compliance with the conditions and order of priorities outlined in the Law on Public Investment, as well as resolutions of the NA and the NA Standing Committee.

The legislature also demanded stricter financial discipline and accountability, and severe penalties for violations that delay the allocation and disbursement of funds.

Earlier the same day, the NA approved a resolution on state budget estimates for 2025 with 428 out of 430 legislators present at the sitting voting in favour.