Hanoi, May 26 -- The National Assembly continues its ongoing 9th session on May 26 by debating several bills, including the draft Law on State Budget (revised). The draft revised law includes seven chapters and 76 articles, covering rules on budget planning, implementation, auditing, finalisation, transparency, and oversight. It also details the responsibilities and powers of agencies, organisations, units, and individuals involved in the State budgeting process. Key changes include reducing the classification of local authorities from three groups to two, while increasing the permitted debt limits for local administrations. The draft also introduces a principle prioritising budget allocation for science, technology, innovation, and digit...
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