THE MINISTRY OF FINANCE
-------
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
------------
No: 54/2001/TT-BTC
Hanoi, July 05, 2002
 
CIRCULAR
GUIDING THE 2002 STATE BUDGET ESTIMATION
In furtherance of the Prime Minister’s Directive No. 16/2001/CT-TTg of June 21, 2001 on the elaboration of socio-economic development plan and State budget estimation for 2002, the Finance Ministry hereby guides the evaluation of the situation on execution of the 2001 State budget and the 2002 State budget estimation as follows:
A. ORGANIZATION OF THE ADMINISTRATION AND EVALUATION OF THE SITUATION OF EXECUTION OF THE 2001 STATE BUDGET
I. ORGANIZING THE ADMINISTRATION OF THE STATE BUDGET IN THE LAST SIX MONTHS OF 2001
The results of realization of the socio-economic tasks and State budget in the first six months of 2001 show that the economic and budgetary situation continues developing along the positive direction; many progresses have been made in some socio-cultural domains; the political security and social order and safety have been ensured.
However, numerous great difficulties have actually arisen, which should be settled with concentrated efforts: agricultural products were sold slowly and at lower prices; export, though on the rise, failed to reach the set rate; the number of underemployed people tended to rise; social evils remain acute. State budget revenues in some fields were recorded low, failing to match the economic growth rate. The deployment of budget estimation remained slow in some ministries and localities; the volume of implemented capital construction projects financed by the State budget and investment credit under the 2001 plan was recorded low; foreign direct investment tended to rise but slowly; a number of target programs were slow to be materialized; the State budget expenditure only reached 45.4% of the yearly estimate, in which the expenditure on capital construction was recorded only at 35.7%. The deployment of the policy on socialization in the fields of education, health, culture and physical training and sports as well as the experimental application of the financial management mechanism of self-financing to a number of administrative and public-service units with revenues are still limited.
Click Download to see full text