VietNamNet Bridge – The National Assembly adopted a resolution
on the State budget estimates for 2013 at its working session on November 10.
Accordingly, budget revenues are
projected at 816 trillion VND (roughly 38.8 billion USD) while spending would
be 978 trillion VND (46.5 billion USD). This would translate into a deficit of
162 trillion VND, equivalent to 4.8 percent of GDP.
The resolution requests that the
government pursue a tight fiscal policy in combination with suitable monetary
policies to curb inflation and maintain a stable macro economy, while seeking
ways to fully tap domestic and foreign resources for restoring production,
stimulating business and boosting economic growth.
The NA also requires the
government to strictly manage spending activities to prevent wastefulness and
corruption, and promote thrifty spending. New construction and projects will be
limited next year in order to save money to pay for completed projects or those
slated to complete within 2013.
The minimum wage will be adjusted
up by 100,000 VND to 1.15 million VND by July 1 next year.
NA deputies back vote of confidence resolution
National Assembly deputies voiced
their support for a NA resolution on conducting a vote of confidence on
officials holding positions elected or approved by the NA or People’s Councils
in a live televised debate in Hanoi on November 10.
Many deputies stressed that the
vote of confidence must be open and transparent, and not be a vote based on
personal feuds or group benefits. Furthermore, it should prevent hostile forces
using it as an instrument to sabotage the Party and State, dividing the great
national unity.
Members said the resolution will
reinforce the socialist law-governed state of Vietnam - of the people, by the
people and for the people, and follow the spirit of the Resolution of the
Communist Party of Vietnam Central Committee’s 4 th meeting.
It will also strengthen the
Constitution regulations and represent the NA’s responsibilities to voters and
the people, they said.
Deputies stressed the resolution
will help improve efficiency of the supervision of those holding positions
elected or approved by the NA or People’s Councils, and ensure the viability of
the vote of confidence regulation as stated in the Constitution and other legal
documents.
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