NA approves state budget overspending for 2021

Photo for illustration. (Source: VNA)

Specifically, with 446 out of 448 delegates voting in favor (accounting for 92.53% of the total number of NA deputies), the NA officially passed a Resolution on the state budget estimate in 2021.

Accordingly, lawmakers adopted state budget deficit of more than VND343.6 trillion, equivalent to 4% of GDP, while total loan of state budget will be over VND608.56 trillion.

Next year’s total budget revenues are expected to reach more than VND 1,343 trillion (USD58 billion

Noticeably, minimum wage for civil servants and public employees, and the poverty threshold, shall remain unchanged in 2021./.


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