08:40 | 02/11/2016 Events
A number of economic matters were debated at the ongoing second session of the 14th National Assembly in Hanoi on November 1.
Minister of Finance Dinh Tien Dung speaks at the session (Photo: quochoi.vn)
In the morning, deputies discussed a five-year financial plan; goals and orientations for the mobilisation and use of loans as well as public debt management for 2016-2020; and the medium-term public investment plan for 2016-2020.
They proposed measures to restructure the State budget by increasing budget collection and reducing spending to curb public debt, while providing capital for prioritised projects which are aimed at ensuring sustainable development and benefiting mountainous, border, sea, island, and ethnic minority-inhabited areas.
The legislators stressed the need to set up a standby capital fund to address consequences of natural disasters and climate change in the drought and flood-prone areas.
They also held that it is necessary to forecast unfavourable impacts on the State budget collection and expenditure such as economic growth, global crude oil prices, and inflation index.
In the afternoon, the lawmakers deliberated the outcome of implementing the State budget in 2016 along with the State budget estimates and the central budget allocation blueprint in 2017.
Minister of Finance Dinh Tien Dung and Minister of Planning and Investment Nguyen Chi Dung cleared up a number of issues raised by the deputies.
On November 2, the National Assembly will focus discussions on a plan to restructure the economy in 2016-2020 and socio-economic development blueprints in 2016 and 2017./.