Friday, October 21 2016


2016-20 State budget released for 20 fields

Update: September, 15/2015 - 18:21


State budget for the 2016-20 period will be distributed to aqua-culture projects. — Photo

HA NOI (VNS) — The Prime Minister has signed a decision on the criteria and distribution of the Stage budget for the 2016-20 period.

According to the decision, the State budget's development and investment fund will be distributed to socio-economic infrastructure projects in 20 fields.

These include agriculture-forestry-irrigation and aqua-culture, industry, trading and traffic, as well as waste treatment, museums, culture and sports. Also on the list are tourism, science, information services and technology, as well as communications, education, health and food hygiene and society. Rounding up the list are the environment and natural resources, State management, national defence and the national reserve.

The State budget's distribution must serve the implementation of development plans for the 2011-20 socio-economic development strategy and the 2016-20 National Development Plan. The budget will also fund government-approved long-term projects.

The 2016-20 State budget will give top priority to developing the mountainous bordering island and ethnic minority areas as well as poor regions.

This move aims to narrow the gap in income, living standards and economic development amongst regions across the country.

The PM has urged provinces and cities to allocate funds for expediting key projects.

The PM's decision highlights the criteria for development and the distribution of investment funds.

The distribution takes five issues into consideration for each province or city. These are population; development level; land acreage; the number of districts; and other miscellaneous criteria, such as being a former base for the war resistance effort or being a border region. — VNS


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