Finance - Banking

Allocate 5% savings source for regular expenditure in 2024 to eliminate temporary and dilapidated houses

TB March 11, 2025 05:23

Deputy Prime Minister Ho Duc Phoc has just signed the Prime Minister's decision on allocating the use of 5% savings on regular expenditures in 2024 to support the elimination of temporary and dilapidated houses for poor and near-poor households.

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The army and people join hands to eliminate temporary and dilapidated houses in Lai Chau. Photo: Lai Chau Provincial Police website

Deputy Prime Minister Ho Duc Phoc has just signed Decision No. 559/QD-TTg dated March 10, 2025 of the Prime Minister on the allocation of the use of 5% savings from regular expenditures in 2024 to support the elimination of temporary and dilapidated houses for poor and near-poor households.

The Prime Minister decided to allocate 509.7 billion VND of the 5% savings source of regular expenditure in 2024 from the targeted supplementary central budget to 7 localities and transfer 1,022.1 billion VND of the unused 5% savings source of regular expenditure in 2024 from 28 localities to 16 localities lacking resources (details in Appendix I); allocate 999.967 billion VND of the 5% savings source of regular expenditure in 2024 from 8 localities to 15 localities (details in Appendix II) to support the elimination of temporary and dilapidated houses for poor and near-poor households.

The Ministry of Finance and the Standing Office of the Central Steering Committee for the elimination of temporary and dilapidated houses nationwide (formerly the Ministry of Labor, War Invalids and Social Affairs) shall, according to their assigned functions and tasks, be fully responsible for the contents, data reported and proposals, recommendations, and ensure compliance with legal regulations.

Localities that have met their spending needs but have not used up the 5% savings on regular spending must transfer the remaining savings to account 3399.0.9114266 - funds for eliminating temporary and dilapidated houses opened by localities at the Transaction Office - State Treasury before March 20, 2025 to support other localities that are lacking resources.

Based on the transfer level for each locality in Appendix I, the State Treasury will transfer money to the supported localities. For the 8 localities supporting the 15 localities in Appendix II, transfer money directly to the localities receiving support.

Localities shall manage and use targeted additional funding from the central budget for local budgets, and support sources from other localities (if any) to support the elimination of temporary and dilapidated houses for poor and near-poor households in the area with a support level of 60 million VND/newly built house and 30 million VND/repaired house according to the conclusion of the Prime Minister, Head of the Central Steering Committee for the elimination of temporary and dilapidated houses nationwide in Notice No. 523/TB-VPCP dated November 16, 2024 of the Government Office; ensuring timeliness, targeting, efficiency, and avoiding loss, waste, and negativity.

The management, use and settlement of the above-mentioned support funding sources shall comply with the provisions of law on state budget and other relevant legal documents.

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Allocate 5% savings source for regular expenditure in 2024 to eliminate temporary and dilapidated houses