(VOVworld) - The National Assembly’s deputies today/Wednesday discussed major issues in the revised Law on National Reserves which include targets, total volume, an inventory of items and the national reserves budget. The revised Law on National Reserves is expected to be approved during this session. The deputies agreed that the national reserves should be ring fenced for emergencies such as preventing and overcoming the consequences of natural disasters, fires, epidemics, national defense and urgent matters of the state. In addition, strategic assets should also be on the list of national reserves. The budget allocation to the national reserves is in line with the Law on the State Budget and is included in the annual estimates. Nguyen Van Tuyet, a deputy from Ba Ria-Vung Tau province says: "I agree with the NA’s Standing Committee to remove the regulations to increase the national reserves on an annual basis. Under this proposal, the total amount of national reserves will be safeguarded and the government will reappraise the budget allocation to national reserves and forward its findings to the National Assembly every year".

Earlier, the deputies discussed the implementation of this year’s plan and tasks for next year. The deputies agreed that the macro-economy has been stabilized, inflation held to single digit and social security and political stability ensured. The government urged the National Assembly to consider the goal of strengthening macro-economic stability, reining in inflation, and increasing economic growth.  Next year, the GDP growth target is 5.5%. Vu Viet Ngoan, a deputy from Khanh Hoa province, said: "In addition to 9 measures proposed by the government and 8 by the State Economic Committee, we need to stimulate consumer demands, otherwise inventories will increase. We can select some important projects to issue bonds. It’s important to be more resolute in restructuring the banking sector, state owned enterprises and clearing bad debts. We need to establish a central committee for restructuring instead of ministerial committees to ensure synchronization and uniformity".

The deputies also discussed the implementation of this year’s budget plan and the estimate for next year. This year’s revenue collection is expected to meet the target and the budget deficit is expected to be kept at 4.8% of GDP.