AGAINST CONCERNS ON CAPITAL ALLOCATION AND EFFICIENCY OF INVESTMENT PROJECTS

Further comments on the solutions to further improve the efficiency of arranging, using medium-term public investment capital, reserves, during the discussion in the National Assembly on the morning of October 29 on the results of implementation of budget estimates state in 2018; State budget estimates and plans for central budget allocation in 2019 and the national financial-budget plan for 2019-2021; allocation of remaining funds and recurrent expenditures have not been used until 2017 ..., many delegates expressed concern about the allocation of capital and efficiency of investment projects.According to the Government's report, the total budget revenue in 2018 is over 1.35 trillion dong, exceeding the estimate of 39,200 billion dong, about 3% of the estimate.

The state budget revenue reported in spite of the budget has not met some targets in the Resolution of the National Assembly such as the tax rate, the fee reached 20.7%, lower than the target. 21%; Tax debt is still high and tends to increase compared to 2017; Revenues from production and business activities are estimated to be unsuccessful.

Domestic revenue was estimated to exceed 0.9% of the estimate, but in fact, revenue from the business sector did not reach estimates and one of the reasons for the revenue from the economic sector did not reach estimates. It is estimated that the domestic revenue in 2018 is quite high compared to 2017

Representative Nguyen Thi Kim Be (Kien Giang) is concerned, as budget revenue increases come mainly from unstable sources; The excess revenue mainly from crude oil, land and housing. If land revenue is removed, many localities lose revenue. The enterprise still loses tax, transfer prices.

"The economy is still dependent on exploiting and selling resources for development, while revenues in sustainable areas like state-owned enterprises, foreign-invested enterprises and non-state sectors are reduced." , deputy Nguyen Thi Kim Be emphasized.

Regarding development investment, many delegates also wondered about the status of capital allocation, which the Government has acknowledged, and the situation of allocation of investment capital is not in compliance with the law has not been overcome. : the transfer of capital has not been completed, the allocation of capital is very slow, many times delivered still occurs; The progress of capital disbursement of capital construction is still slow.

Ominously, there are important national projects, national target programs and some ODA-funded projects that are behind schedule, increasing the total investment, wasting and reducing the efficiency of the use of the state budget. , while some projects have the ability to implement and disburse well, but they have not yet been allocated capital.

Therefore, according to deputy Nguyen Ngoc Phuong, deputy head of the delegation of Quang Binh province, the government should report on how many effective public investment projects, losses from which the basis Determining the responsibilities of organizations and individuals and strictly handling and avoiding loss of State capital.

According to the Government's report, the total budget revenue in 2018 is over 1.35 trillion dong, exceeding the estimate of 39,200 billion dong, about 3% of the estimate.