On November 5, continuing the 8th Session, the National Assembly discussed in the hall the implementation of the state budget in 2024, the state budget estimate, and the central budget allocation plan in 2025.
Speaking at the meeting hall, delegate Nguyen Quang Huan (National Assembly Delegation of Binh Duong province) said that budget revenue indicators in the first 9 months of the year had quite good growth, budget revenue increased compared to the estimate, ensuring sustainable budget revenue, serving as a basis for economic development.
However, this delegate said that according to the audit report, currently, regular expenditure allocation is still low, there are still many unallocated items, which hinders the stimulus tools for economic development.
Delegate Nguyen Quang Huan said, according to forecast, by 2025, our country's GDP will be around 500 billion USD, if maintaining a steady growth rate of 7%/year, by 2035 our country's GDP will be around 1,000 billion USD.
The goal is to reach 5 trillion USD by 2045 to become a high-income country and break the middle-income trap. To escape this trap, there are many tools on aspects such as labor, restructuring, and development investment, but we have not paid due attention to these aspects.
According to the delegate, although we are maintaining growth of nearly 7% per year, we have not achieved sustainability because we still rely on the driving force of FDI.
While FDI enterprises have a large trade surplus, domestic enterprises have a trade deficit. If we want to maintain a sustainable growth rate, we need to rely on domestic development resources.
Also at the meeting, delegate Ta Van Ha (National Assembly Delegation of Quang Nan province) stated that over the past year, voters and people highly appreciated the effectiveness and results of the country's socio-economic management.
However, in addition to the achieved results, there are still some limitations, including slow disbursement. Through practical research, delegates pointed out that, in addition to large projects and national key projects, infrastructure construction projects across the country are being blocked.
Delegate Ta Van Ha said that the cause of the above situation is the problem of raw materials. The Law on Bidding stipulates that when participating in bidding, contractors only have to deposit 20% of the value of the bidding package.
However, Decree 126 stipulates that the latest time to complete the obligation is 90 days, which leads to taking advantage of the auction to raise the deposit, then sell the raw materials at an increased price for profit.
In addition, for small projects, there is no shortage of local sand but it cannot be exploited without a license. Therefore, we have to go to other localities to buy it, which also increases the price of raw materials. This is also a problem that needs to be resolved soon to complete the medium-term public investment plan by 2025.
The underlying cause is that the quality of medium-term public investment planning is not good. Therefore, poor preparation of investment projects leads to slow progress.
The delegate said that in 2025, in addition to implementing the annual public investment plan, it is also necessary to prepare for the public investment plan for the 2026-2030 period. Therefore, it is recommended that the Government should promptly start preparing the public investment plan for the next period.
