RESOLUTION NO 292016QH14 DATED NOVEMBER 14, 2016, ON ALLOCATION OF CENTRAL GOVERNMENT BUDGET FOR 2017 29 2016 QH14 335991

THE NATIONAL ASSEMBLY
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SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
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No. 29/2016/QH14

Hanoi, November 14, 2016

RESOLUTION
ON ALLOCATION OF CENTRAL GOVERNMENT BUDGET FOR 2017

NATIONAL ASSEMBLY OF THE SOCIALIST REPUBLIC OF VIETNAM
Pursuant to the Constitution of the Socialist Republic of Vietnam;
Pursuant to the Law No. 83/2015/QH13 on State Budget and Resolution No.27/2016/QH14 dated
November 11, 2016 on 2017’s estimation of the State budget by the National Assembly;
In consideration of the Government’s Report No.466/BC-CP dated October 19, 2016, Report
No.470/BC-CP dated October 19, 2016, Report No.522/CP-KTTH Dated November 09, 2016,
Verification Report No.183/BC-UBTCNS14 dated October 19, 2016 by the Finance and Budget
Committee; Report and presentation No.56/BC-UBTVQH14 dated November 11, 2016 by the
Standing committee of the National Assembly of the Socialist Republic of Vietnam and opinions
of congress persons;

HEREBY MAKE DECISIONS ON
Article 1. Total government revenue and spending for 2017
1. The total government revenue is expected to reach 729,730 billion dong (seven hundred
twenty nine thousand seven hundred and thirty billion dong). The total local revenue is expected
to reach 482,450 billion dong (four hundred eighty two thousand four hundred and fifty billion
dong).

2. The total government expenditure is expected to reach 902,030 billion dong (nine hundred
two thousand and thirty billion dong), including 254,630 billion dong expected to be allocated to
the local budget serving specific purposes.
Article 2. Allocation of central government budget for 2017
1. The central government budget 2017 shall be allocated for specific sectors and regulatory
authorities as stipulated in Annex 1, 2 and 6 attached hereto.
2. The ratio of distribution of revenues between the Central government budget and local budgets
of provinces (hereinafter referred to as “ ratio of revenue distribution“), additional funding and
additional funding for specific purposes located to the central government budget from local
budgets are presented in the Annexes 3, 4 and 6 attached hereto.
The ratio of revenue distribution of the year 2017 shall be maintained from 2017 to 2020. In case
the earnings from new projects coming into operation in the above-mentioned period considerably
increases the local budget, the Government shall request the National Assembly to review and
make decisions in accordance with point d clause 7 Article 9 of the Law on the State budget.
3. The local budget surplus, amount of loans for making up for the budget deficits and paying
debt principal (if any) are presented in Annex 5 attached hereto.
Article 3. Responsibilities of the Government
The Government shall:
1. Assign central and provincial authorities to take charge of the revenue, spending and
allocation of the central government budget as stipulated in the law on the State budget and
National Assembly’ Resolution , and send written notifications to the congressional delegations of


provinces.
2. Direct the People's Committees of provinces to request the People’s Council at the same level
to estimate the state budget revenue in the province, local budget expenditure, local budget
deficits and total amount of loans for making up for local budget deficits and for repaying the
principal on debts, and decide to make budget allocation according to the authority.
3. Direct central authorities and People’s Committees at all level to send the estimates of revenue
and spending for 2017 to authorities in charge of the budgetary revenue and spending before

December 31, 2016 as stipulated in the National Assembly’s Resolution; publicly report on
allocation and assignment of estimation of the budgetary revenue and spending under the Law on
the State Budget.
4. Instruct and direct other central and local authorities to allocate development capital to
accelerate the progress of nationally significant projects and programs, and essential projects in
progress; grant housing subsidies to households having contribution to the national Revolution;
give priority to grant of counterpart fund to ODA and PPP projects, and settle accrued expenses
for capital construction. Intensify phase inspection of investment. Grant funding or mobilize other
sources of finance to support key local governments whose revenue is adjusted decreased during
the period 2017-2020, facilitate those local governments to uphold its role as an economic driving
force of the country.
5. Direct local governments to control their spending to reserve budget for implementation of
important duties and new ones in 2017; increase revenues and tight the belt to make greater
contribution to implementation of the social security policy issued by the State.
Prepare solutions to keep within the annual estimated local spending budget and to ensure other
sources of finance for implementation of particular policies and spending purposes decided by the
People’s Council as stipulated in Article 30 of the Law on State Budget.
Article 4 Supervision of allocation of central government budget
The Standing committee of the National Assembly of the Socialist Republic of Vietnam, the
Finance and Budget Committee, Nationalities Councils, other Committees of the National
Assembly, Delegates of the National Assembly and congress persons shall, according to their
responsibilities and power, shall supervise the allocation of central government budget 2017 by
other central regulatory authorities, People’s Council and People’s Committees at all levels.
This Resolution is ratified by the 14th National Assembly of the Socialist Republic of Vietnam at
the second meeting session on November 14, 2016.
CHAIRPERSON

Nguyen Thi Kim Ngan

FILE ĐƯỢC ĐÍNH KÈM THEO VĂN BẢN

Annex