Although state budget revenues for this year may be lower than the estimate, monthly minimum wage for 2014 will be maintained at VND1.15 million (USD54.43), one official said.
A possible halt to salary rise in case of deficiency in state budget revenue Deputy Minister of Finance, Vu Thi Mai, made the confirmation at the ministry's third quarter press conference on October 10.
According to the ministry’s report, state budget revenues in September reached VND52.8 trillion (USD2.5 billion), up 5.4% from the previous month.
Even though state budget revenues in the first nine months of this year were VND543.83 trillion (USD25.9 billion), up 8.7% from a year earlier; the figure is equal to only 66.6% of the estimate.
“State budget collection during this year’s nine-month period is a bit slower than several years ago. In previous years, the nine-month state budget collection often netted around 80% of the estimate. It’s likely that the country will not achieve the estimated figure set by the National Assembly for this year,” Mai commented.
According to her, the situation is a result of the global economic downturn. The ministry is coordinating with several other ministries to outline a solution, which they will submit to the NA for approval.
By the end of September this year, only 23 localities met the tax collection target, while the other 40, including many big cities like Hanoi, HCM City, Haiphong and Danang and Quang Ninh Province, failed to do so.
“As state budget revenues for the whole year may be lower than the estimate, several solutions are being considered, including a possible halt to salary rises, in order to balance the state budget,” she added.
Earlier this month, the Ministry of Finance encountered disagreement from the prime minister as well as many other government officials when it proposed a cut to the minimum wage by VND100,000 per month, from January 2014.
Đăng ký: VietNam News
