NA ratifies Resolution on allocation of State budget

VGP – The National Assembly on November 14 approved the Resolution on the allocation of State budget in 2016.

November 15, 2015 7:23 AM GMT+7

The resolution on state budget allocation for 2016 is approved at the 10 working session of the 13th National Assembly. Photo: VGP

The central budget collection and the local budget collection are estimated to reach VND596,882 billion and VND417,618 billion, respectively.

Total allocated fund for next year is VND850,882 billion, of which VND211,221 billion will be channeled to local budget, according to the resolution..

The Government is assigned to provide guidelines for ministries, agencies and localities to allocate development capital, focusing on speeding up progress of key programs and projects, ODA projects and public-private-partnership projects.

By Thuy Dung