Strive to increase GDP by 6.4 – 6.8% in 2018

Prime Minister Nguyen Xuan Phuc has just signed Directive No. 29 / CT-TTg on development of socio-economic development plans and state budget estimates in 2018.

Instruction stated that in 2018, GDP growth rate of about 6.4 – 6.8%. Localities base on Gross Provincial Product (GRDP) data in the first 6 months of 2017 of provinces and cities under central authority announced by the General Statistics Office and based on actual conditions. In the locality, the whole year is forecasted and the development prospects are forecasted to determine the 2017 GRDP appropriately.

In 2018, GDP growth rate will reach 6.4 – 6.8%.

With regard to the state budget estimates for 2018, the target of mobilizing state budget to GDP in 2018 is about 21%; Excluding the increase or decrease of revenues due to policy changes, the domestic revenue estimates (excluding revenues from crude oil, land use levy, dividend and profit remaining from State enterprises, revenues Increase by 12-14% on average compared to the estimate estimated for 2017 and average export revenue from the export and import activities increase by 5-7% on average compared to the estimated yearly estimate 2017.

On the state budget expenditure estimates in 2018, to thoroughly carry out the thrift and fight against waste right from the determination of tasks and take the initiative in prioritizing priority spending tasks on an urgent and critical level. And ability to deploy in 2018. Only submit to competent authorities for promulgation of new policies when balancing sources; To take initiative in fully meeting the fund requirements for the implementation of new policies, regimes and tasks already decided by competent authorities.

Expenditure for development investment from the State budget must meet the objectives and tasks of the socio-economic development plan in 2018 and the plan for socio-economic development in 5 years 2016-2020. Planning for investment in development of state budget must comply with current regulations before the development of public investment plan 2018.

For projects planned to allocate public investment capital for the period 2016 – 2020, which is lower than the approved investment decision, the ministries, branches and localities need to review and approve the investment decision to adjust the total initial investment Private, determine the technical stopping point or add other legal capital to complete the project in accordance with the scale of capital support from the central budget.

To prioritize the allocation of investment capital for two national target programs and approved target programs aimed at poverty reduction, job creation, agricultural and rural development, mountainous areas and regions. Ethnic minorities, regions severely affected by natural disasters, localities affected by marine environmental incidents; Projects, medical works, education, projects to promote the application of information technology and projects on development of inter-sectoral and inter-sectoral key infrastructures for economic development and GDP growth. .

Programs and projects that plan for the state budget in 2018 must be included in the list of medium-term public investment plans, except for emergency projects in accordance with the Public Investment Law.

On recurrent expenditure, the Directive requires the development of recurrent expenditure estimates for each sector, ensuring adequate tasks, policies and regimes according to the norms of allocation of recurrent expenditure estimates stipulated in resolutions Of the National Assembly, the decision of the Prime Minister.

Review cuts that are not really needed; To combine with the staff downsizing and rearrange the administrative apparatus according to Resolution No. 39-NQ / TW of the Politburo, to reduce the frequency and tighten festive and festive expenses. In the direction of thrift, efficiency; Restricting the allocation of funds for overseas study and survey, purchase of cars and expensive equipment; Extend the implementation of public auto lump sum.

Strive to ensure 20% of total state budget expenditures for education and training; 2% of total state budget expenditures for science and technology.

The directive also requires ministries, central agencies and localities to continue to make estimates to create sources of wage reform, including: 10% savings on recurrent expenditure (excluding salaries, The nature of salary and expenses for human beings according to the regime); 50% of the source of local budget revenues (excluding land use levies, lottery receipts); The source of salary reforms in previous years left over.

At the same time, it is required that administrative agencies and non-business units with self-reliant revenue units strive to increase revenue together with accurate timetable, fully charge service charges and use these revenues to give priority Currently reforming wages.

According to

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