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National Assembly to Debate Draft Law on State Budget (Consolidated) on November 5

On November 5, the National Assembly debated the draft Law on State Budget (consolidated) in plenary session. Finance Minister Ngô Văn Tuấn, presenting on behalf of the Prime Minister, said the summary of the draft was submitted on October 23 and aims to institutionalize Party policy and resolve overlaps between two legal processes governing state-budget public investment capital. The draft has 10 chapters and 103 articles, integrating rules on planning, allocation, execution and settlement of budgets and public investment. Key policies include standardizing concepts such as development investment spending, budget reserves and budget surplus, reforming the annual public investment budget estimate, and adding a chapter on a five-year financial plan linked to the public investment portfolio.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Ngày 5/11, Quốc hội thảo luận về dự án Luật Ngân sách nhà nước (hợp nhất)

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