Hanoi (VNA) – The NationalAssembly (NA) has decided to raise the base salary for cadres, civil servants,and public employees to 1.8 million VND (72.5 USD) per month from July 1, 2023.
This is part of a resolution on the statebudget estimates for 2023 approved by the NA on November 11 during its fourth session.
Accordingly, the state budgetcollection target for next year is set at 1.62 quadrillion VND, the statebudget spending over 2 quadrillion VND, and overspending 455.5 trillion VND -equivalent to 4.42% of GDP, and the budget’s borrowings 648.2 trillion VND.
The resolution also said the overall reformof the salary policy, which was identified in Resolution 27-NQ/TW issued at theseventh session of the 12th Party Central Committee on May 21, 2018,won’t be carried out in 2023.
Meanwhile, the base salary for cadres,civil servants, and public employees will increase to 1.8 million VND per monthfrom July 1, 2023. Retirement pensions and social insurance benefits for thosecovered by the state budget will be raised by 12.5%. More financial aid will beprovided for persons retiring before 1995 and having low pensions, along with revolution contributors. Besides, spending on the social security policies linkedwith the base salary will go up by 20.8%.
Also onNovember 11, the NA approved a resolution on the central budget allocation for2023.
In particular, the central budgetrevenue is targeted at nearly 863.57 trillion VND, and the local budget revenuenearly 757.18 trillion VND. The central budget spending is set more than 1.29quadrillion VND./.
This is part of a resolution on the statebudget estimates for 2023 approved by the NA on November 11 during its fourth session.
Accordingly, the state budgetcollection target for next year is set at 1.62 quadrillion VND, the statebudget spending over 2 quadrillion VND, and overspending 455.5 trillion VND -equivalent to 4.42% of GDP, and the budget’s borrowings 648.2 trillion VND.
The resolution also said the overall reformof the salary policy, which was identified in Resolution 27-NQ/TW issued at theseventh session of the 12th Party Central Committee on May 21, 2018,won’t be carried out in 2023.
Meanwhile, the base salary for cadres,civil servants, and public employees will increase to 1.8 million VND per monthfrom July 1, 2023. Retirement pensions and social insurance benefits for thosecovered by the state budget will be raised by 12.5%. More financial aid will beprovided for persons retiring before 1995 and having low pensions, along with revolution contributors. Besides, spending on the social security policies linkedwith the base salary will go up by 20.8%.
Also onNovember 11, the NA approved a resolution on the central budget allocation for2023.
In particular, the central budgetrevenue is targeted at nearly 863.57 trillion VND, and the local budget revenuenearly 757.18 trillion VND. The central budget spending is set more than 1.29quadrillion VND./.
VNA