Spending for defense will be improved by the National Assembly

Vietnam Net Bridge reported that the National Assembly (NA) is considered to plan the allocation of budget funds in increased revenues in 2010.

Vietnam budget revenues in 2010 increased by more than 21.2% or VND31 trillion (U.S. $ 1.55 billion) compared to the results reported in 8 to the NA session, Finance Minister Vu Van Ninh said.

Ninh said the actual over-budget funds will be used to support investment in major cities and provinces. In addition, the budget is useful for social welfare, pay the debt (about VND10 trillion), for defense and security. Le Quang Binh as Chairman of the NA Committee on Defense and Security said that current investment in defense and security is still lacking. He wanted the budget funds are invested for the production and maintenance of weapons and to defend the sea and islands.

Finance Minister Ninh also added that the government has proposed additional funding for the Department of Defense of VND750 billion ($ 37.5 million) and the Ministry of Public Security of VND500 billion ($ 25 million) to support tasks such as purchasing equipment and the Military Hospital 108. Chairman of the NA Committee on Finance and Budget, Phung Quoc Hien said that investment in defense is very important to maintain state sovereignty. Therefore, he suggested the government allocate funds to the Ministry of Defense of VND100 billion ($ 5 million).