Hanoi (VNA) - The National Assembly (NA) has issued a Resolution on the allocation of non-refundable aid capital, adjustments to state budgetexpenditure estimate and approval of state budget balance in 2018.

Accordingly,the NA decided to allocate over 5.37 trillion VND (over 237.7 million USD) ofnon-refundable aid from the state budget in 2018 to ministries and centralagencies.

The NAadjusted the estimate of regular spending, and decided to increase the Ministryof Finance's 2018 estimate for development investment expenditure by over 1.99 trillionVND.

Italso decided to approve the final balance of the state budget in 2018.

The total state budget revenue in 2018 was nearly 1.88 quadrillion VND and the total state budget spending was almost 1.87 quadrillion VND.

The state budget overspending was over 153.1 trillion VND, equal to 2.8 percent of the nationalGDP, excluding the local budget balance.

The total loans from the State budget to offset the overspending and pay theoriginal debt was over 284.8 trillion VND.

The NAassigned the Government to publicise the state budget balance in 2018 inaccordance with legal regulations; and direct ministries, central agenciesand People's Committees at all levels to promptly overcome shortcomings andlimitations stated in the Verification Report No. 1995/BC-UBTCNS14 dated May 26,2020 of the NA’s Finance-Budget, and conclusions, recommendations of the StateAudit and opinions of NA deputies at the 14th NA’s 9th session on the balance of the state budget in 2018.

TheGovernment is responsible for directingministries, central agencies and People's Committees at all levels to takedrastic and synchronous measures to strengthen financial discipline and improvethe efficiency of management and use of State budget, minimize the situation oftax evasion, and tax arrears; strictly implement regulations on management ofpublic investment, thoroughly overcome the situation of arising debts of basic construction,accelerate the disbursement of basic construction investment; reduce the regularexpenditures; effectively  use expensesfor education - training, and science and technology.

Itwill also promote thrift practice, corruption and wastefulness prevention;and strictly and promptly handle organisations and individuals violating regulationson management and use of the state budget./.