In the afternoon, deputies went on to approve the central budget allocation plan, with central budget spending of around 91.7 billion US dollars, including transfers to localities and funding for key national programmes. The plan prioritises targeted investment and more efficient use of public resources.
The resolution was passed unanimously, with all 469 deputies present voting in favour.
Central budget revenue is projected at around 68.9 billion US dollars, while expenditure is estimated at approximately 91.7 billion US dollars. Of this, around 15.9 billion dollars will go towards balancing local budgets, while about 1.2 billion dollars will be set aside as a reserve to safeguard national financial security against economic or revenue shortfalls.
Public investment will be directed towards urgent projects, major national developments, national target programmes and projects already completed but still awaiting sufficient funding.
Addressing deputies’ concerns over revenue projections and the slow disbursement of funding for science and technology, Minister of Justice Hoang Thanh Tung, speaking on behalf of the Prime Minister, said land-funded projects would be aligned with actual revenue collection.
Hoang Thanh Tung, Minister of Justice said: In the coming period, the Government will continue to review revenue sources, use land revenue rationally and effectively, and boost other sources, especially revenue from production and business activities, to make the revenue structure increasingly sustainable.
The Government has also tasked the Ministry of Science and Technology with reviewing and allocating funding for innovation and digital transformation, ensuring that spending does not overlap. Funding for national target programmes must likewise be distributed according to local needs and implementation capacity.
With the 2027 allocation now approved, the focus shifts to implementation. The Government will need to address persistent delays in public spending, make revenue forecasts more realistic and ensure that the allocated budget translates into tangible development.
