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Gov’t to tighten financial disciplines (12/01)
13/01/2015 - 17 Lượt xem
The move aims to increase the efficiency of using the national resources for development and is part of the effort to address the country’s improper budget spending structure as said by the Government during recent Cabinet meeting.
The Government tasked the Ministry of Finance not to issue more policies which may lead to the shrinkage of budget revenue in 2015, except those relevant to tax reduction in accordance with international commitments.
The Ministry will not be allowed to promulgate new policies that increase budget spending in case the resources are not clearly defined.
The Ministry must take drastic measures to counter trade evasion, strictly control tax refund, periodically publicize tax debts of each locality and enterprise, step up tax inspection while creating favorable conditions for tax payments.
The budget will be restructured towards raising domestic share and ensuring the balance of regular spending, investment and debt payment.
The Government asked the Ministry to provide detailed instructions to cut down expenditures for conferences, seminars, festivals, ground-breaking ceremonies, overseas tours.
The Ministry is responsible for taking comprehensive measures enhance management of public debt and submit a public debt report to the Government every six months.
Since 2015, the Government will issue bonds with at least five-year term, the Resolution says./.
Source: Chinhphu.vn
