On December 5, 2018, the Ministry of Finance issued Circular No. 119/2018/TT-BTC regulating the implementation of the State budget estimate for 2019. This Circular takes effect from the 20th. January 1, 2019.
Accordingly, the Ministry of Finance noted the organization to implement a number of contents to ensure the increase in budget letter sources such as effective implementation of tax regulations; continue to improve the business environment, improve national competitiveness; effectively implement the Law on Small and Medium Enterprise Support; strengthening monitoring, inspection and control activities in the field of tax and customs; fully and promptly implementing the Law on Public Property Management.
In addition, one of the important tasks to be implemented in 2019 is to implement a mechanism to generate revenue to implement the salary and allowance regime in 2019. In order to realize the goal of raising the base salary to VND 1.49 million / month since July 1, 2019, the Ministry of Finance has clearly defined the tasks of ministries, central agencies and provincial and municipal People’s Committees with the task of saving 10% Regular expenditure estimates to create wage reform sources. After balancing revenue sources, localities actively use the remainder of salary reforms to implement social security policies and regimes.
It can be seen that, with the Circular No. 119/2018 / TT-BTC issued, the Ministry of Finance is expressing its determination in implementing the tasks in the socio-economic development plan and home budget estimation. Water is proposed by the Prime Minister for 2019.