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REGULATIONS ON SAVING STATE BUDGET IN 2013

On May 24, 2013, the Prime Minister issued the Directive No. 09/CT-TTg dated on the enhancement of superintendence to perform financial tasks – Budget 2013 in order to strive to achieve the highest results on the management and use of fund from 2013 state budget estimation approved by the National Assembly.

Within that, the Prime Minister requires agencies, units and localities to implement the saving of 10% remaining constant payment estimation of the last months (not including: payment for salary, allowances, payment for people according to the regime; save 10% of constant payment to create the salary reform as the estimation in the beginning of year and save 10 % of increasing constant payment retained at levels).

Cut down on or put off the implementation of payment tasks that are not really necessary and urgent, expenses for purchasing equipment, cars; restrict the organization of national meeting, conference, ground breaking ceremony; save at least 20% of electricity, water, telephone,  stationery, petrol expenses; save at least 30% of fund estimation allocated for payment tasks such as organizing the festivals, conferences, meeting, business trip.

At the same time, Ministries, agencies, localities under the assigned tasks shall cut down on the payment tasks revoke to supplement the contingency of the central budget and local contingency budget for: investment capital and constant expenditures are allocated in state budget estimation 2013 of Ministries, Central agencies and local agencies but until June 30, 2012 they are not still allocated for projects or allocated but not in accordance with the regulations; investment capital under the plan 2013 that are allocated for projects but until June 30, 2013, they are not implemented yet and capital, expenditures that agencies use the fund not in accordance with the regulations; focus on speeding up the schedule and disburse the investment capital, especially the investment capital from the state budget, government bonds, national target programs, and ODA.
Besides, the State Bank of Vietnam shall assume the prime responsibility for, and coordinate with ministries, agencies and localities in directing monetary tools flexibly to control the inflation, stabilizing the macro-economy and supporting the reasonable growth; to continue to reduce the interest rate and strive to achieve the credit growth at 12% for the whole year of 2013, of which, loan capital is focused on priority fields; to implement drastically the Scheme of restructuring the credit organizations; to speed up the handling of bad debts.

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