National Assembly deputies called for tightening the management of
budget spending during their discussions on the use of State budget in
2014, as well as the budget estimates and distribution for the following
year at the October 31 session.
Many deputies
were of the opinion that the budget overspending rate, at approximately 5
percent of GDP excluding Government bonds, is too high compared to the
NA’s set goal of 4.5 percent of GDP including Government bonds by the
end of 2015.
Deputy Nguyen Thi Quyet Tam said it
will be difficult to maintain budget balance next year, adding that the
Government’s explanations on this issue are not persuasive enough. She
stated that one of the causes behind this problem is ineffective
management of revenues and spending.
Other
deputies stressed the need to keep spending in line with estimates.
Deputy Tran Du Lich suggested reforming the process of drafting the
state budget along the direction of increasing the legislative body’s
say in this work.
Deputy Tran Hoang Ngan said it is also necessary to make into law the sources of revenues for the State budget.
Deputy Bui Duc Thu pointed to such problems as irrational spending
structure of the State budget and rising overspending resulting in high
public debt. He and other deputies emphasised the need to reduce
short-term borrowing and adopt an economical fiscal policy.-VNA