(HBO) – The Department of Finance of Hoa Binh province held a conference on January 15 to review financial and budgetary affairs in 2020 and launch tasks for this year.



At the conference.

In 2020, the collection for the State budget received due attention as departments, sectors, and authorities at the district and communal levels worked closely with taxation agencies in budget collection. As a result, 4.11 trillion VND (177.7 million USD) was collected for the State budget in Hoa Binh. Almost 14.1 trillion VND was collected for the local budget, 13 percent higher than the target set by the Prime Minister, 8 percent more than the target set in the resolution of the provincial People’s Council, and 8 percent higher than the previous year’s revenue.

The management of the State budget spending was also enhanced to ensure thrift and effectiveness. The province spent over 14 trillion VND from the local budget in 2020, respectively up 12 percent, 8 percent, and 8 percent from the figures targeted by the Prime Minister and the provincial People’s Council, and the previous year’s expenditure.

Aided with funding from the central budget, Hoa Binh allocated more than 300 billion VND for procuring equipment, conducting concentrated quarantine, setting up health checkpoints, and purchasing disinfectant for the COVID-19 combat.

In 2021, the financial sector looks to fulfill the assigned budget collection and spending tasks: collecting 5.07 trillion VND for the State budget and 15.5 trillion VND for the local budget, disbursing 15.45 trillion VND from the local budget, and ensuring thrifty and effective spending.

Addressing the conference, Standing Vice Chairman of the provincial People’s Committee Nguyen Van Toan noted that although natural disasters and the pandemic affected Hoa Binh’s socio-economic development in 2020, the financial sector submitted timely advice about financial and budgetary affairs to the provincial People’s Committee while keeping the State budget expenditure thrifty and effective.

To fulfill tasks for this year, he asked the Department of Finance to proactively make plans, assign duties to each individual, and build a plan for implementing the resolution of the 17th provincial Party Congress for 2020-2025.

It also needs to instruct localities ways to manage, use, and auction public land in line with regulations, increase inspections and monitoring to ensure transparency in the use of the State budget, and ready funding for COVID-19 prevention and control, he added.

On this occasion, Bui Van Khanh, Vice Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee, and 63 other cadres were rewarded with the "For the cause of Vietnam’s finance” insignia from the Ministry of Finance. The Director of the provincial Department of Finance presented merit certificates to collectives and individuals with outstanding achievements in financial and budgetary affairs in 2020./.

 


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