Hanoi (VNA) –Prime Minister Nguyen Xuan Phuc has signed a decision promulgating theGovernment’s master plan on thrift practice and wastefulness combat.
The decision described themaster plan as important to creating resources to help address consequences ofthe COVID-19 pandemic, natural disasters, and climate change, recover anddevelop the economy, and realise socio-economic targets for 2021.
The master plan underlines thetask of tightening financial and budgetary discipline; expanding the tax base;enhancing management over tax collection; drastically carrying out solutions totax losses, transfer pricing, and tax arrears; and strictly controlling theState budget overspending.
It points out the need tocontinue restructuring the State budget spending towards effectiveness andsustainability, ensure a reasonable balance between saving and spending,increase spending on development investment, reducing the sum for frequentexpenditure, and ensure adequate expenditure on human development, socialsecurity, defence, and security purposes.
The master plan requestsstrict compliance with the principle of budget transparency, thorough thriftpractice and wastefulness prevention right from the stage of setting up tasks,proactive review of policies and tasks to remove overlapping or inefficientones, and arrangement of items of expenditure according to their level of priorityand feasibility in 2021.
This programme emphasisesserious review of the plans using ODA capital and concessional loans providedby foreign sponsors, removal of unnecessary or poor-performing projects,arrangement of foreign-sourced public funds for the projects carried out onschedule, and no provision of funding from foreign loans for frequentexpenditure.
It also urges accelerateddisbursement and effective use of public investment capital, which must beviewed as an important political task for stimulating production, business, andconsumption, creating jobs, and guaranteeing social security.
Wage policy and socialinsurance reforms, apparatus re-organisation, and staff streamlining are alsoamong solutions to practice thrift and prevent wastefulness under the masterplan.
Regarding public asset managementand use, it highlights the need to review and re-organise public assets,especially housing and land, to ensure that they are used for right purposesand in line with regulations, resolutely revoke assets used in wrong ways, andhandle assets in accordance with law. It also orders serious adherence to legalregulations on the sale and transfer of public assets, as well as stringentsettlement of violations./.
The decision described themaster plan as important to creating resources to help address consequences ofthe COVID-19 pandemic, natural disasters, and climate change, recover anddevelop the economy, and realise socio-economic targets for 2021.
The master plan underlines thetask of tightening financial and budgetary discipline; expanding the tax base;enhancing management over tax collection; drastically carrying out solutions totax losses, transfer pricing, and tax arrears; and strictly controlling theState budget overspending.
It points out the need tocontinue restructuring the State budget spending towards effectiveness andsustainability, ensure a reasonable balance between saving and spending,increase spending on development investment, reducing the sum for frequentexpenditure, and ensure adequate expenditure on human development, socialsecurity, defence, and security purposes.
The master plan requestsstrict compliance with the principle of budget transparency, thorough thriftpractice and wastefulness prevention right from the stage of setting up tasks,proactive review of policies and tasks to remove overlapping or inefficientones, and arrangement of items of expenditure according to their level of priorityand feasibility in 2021.
This programme emphasisesserious review of the plans using ODA capital and concessional loans providedby foreign sponsors, removal of unnecessary or poor-performing projects,arrangement of foreign-sourced public funds for the projects carried out onschedule, and no provision of funding from foreign loans for frequentexpenditure.
It also urges accelerateddisbursement and effective use of public investment capital, which must beviewed as an important political task for stimulating production, business, andconsumption, creating jobs, and guaranteeing social security.
Wage policy and socialinsurance reforms, apparatus re-organisation, and staff streamlining are alsoamong solutions to practice thrift and prevent wastefulness under the masterplan.
Regarding public asset managementand use, it highlights the need to review and re-organise public assets,especially housing and land, to ensure that they are used for right purposesand in line with regulations, resolutely revoke assets used in wrong ways, andhandle assets in accordance with law. It also orders serious adherence to legalregulations on the sale and transfer of public assets, as well as stringentsettlement of violations./.
VNA
