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Friday,  Nov 24,2017,03:30 (GMT+7)

HCMC demands more for regular spending

Tu Hoang
Wednesday,  Aug 30,2017,22:34 (GMT+7)
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HCMC demands more for regular spending

Tu Hoang

HANOI – The HCMC government has proposed the central Government increase regular spending for its State machinery in order to guarantee the quality of its public services, said Nguyen Duy Tan, deputy head of the State Budget Department under the Finance Ministry, at a meeting on August 29.

According to the municipal government, Tan said, its public servants have their labor productivity much higher than those in other cities and provinces, but their incomes are just the same. As such, the city demanded more incentives for its public servants.

He cited the argument of the municipal government as saying that the city has over 600,000 public servants who serve more than 10 million residents while other localities also have the same number of State employees, but they just serve three million residents on average.

He did not reveal detailed information but said central agencies have yet to consider the proposal.

In a related development, he said, the proportion of regular expenditures has accounted for 74% of total State budget spending in the year to this month. However, the central Government would find it more difficult to allocate more for such expenditures as the minimum wages are set to rise by 7% a year by 2020.

He added the Government has in recent years called on private investors in a bid to reduce the State fund for capital construction and increase regular spending on healthcare and education.

As a result, the State budget has allocated an additional VND20-30 trillion for regular expenditures a year, owing to wage hikes, in order to ensure social welfare among disadvantaged residents.

Overall, he predicted, State budget revenue may exceed its estimate this year. However, its revenue may not meet the set targets in the coming years, as many localities are expected to fail their assigned ones.

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