TO AMEND THE INTEREST DIFFERENCE COMPENSATION FOR SOCIAL POLICY BANK
On November 14, 2019, the Prime Minister promulgates the Decision No. 33/2019/QD-TTg on amending and supplementing a number of Article of the Decision No. 33/2015/QD-TTg dated August 10, 2015 of the Prime Minister on assistance policy for housing to poor households under the poverty criteria for the period 2011 - 2015 (Poverty Assistance Program for Housing under the Decision No. 167/2008/QD-TTg stage 2).
As the new regulation, for localities with the rate of regulation of shared revenues to the central budget less than 50%; the central budget shall support 50%, the local budget shall ensure 50% of the interest rate difference subsidy for the Social Policy Bank.
For the remaining localities, the local budget ensures 50% of interest difference compensation between the average interest of bond guaranteed by the Government and mobilized by the Social Policy Bank with lending interest for program implementation and average actual loan outstanding balance (calculated by the numerical analysis method) of the program.
Besides, for localities which have not balanced their budget and Quang Ngai province, the central budget shall ensure 100% of interest difference compensation to the Social Policy Bank;
This Decision takes effect on December 31, 2019.
