Topic: expenditures

Deputy Prime Minister Le Minh Khai has signed a Decision adjusting and supplementing estimates on investment and development expenditures from the central budget in 2022 for ministries, central agencies, and localities. Nearly VND3 trillion ($126 million) was cut from nine ministries and central agencies and two localities, to supplement estimates for the Vietnam Development Bank and the Vietnam Bank for Social Policies.

According to the Ministry of Finance (MoF), the disbursement of investment capital in the first half of 2022 reached 27.75 per cent of the plan. More than VND58 trillion ($2.49 billion), or 10.78 per cent of the plan, has not been allocated by some ministries, central agencies, and localities. The Ministry has proposed cutting unallocated expenditure to supplement the implementation of the Economic Development and Recovery Program.