This requirement stems not only from the pressure to balance resources for development but also from the need to enhance budget efficiency, ensure sustainability, and maintain proactive control over the local macroeconomy.

For 2026, the total state budget revenue in the area is projected to reach VND 2,310 billion, representing a 42.65% increase over the estimate assigned by the Government. This figure demonstrates the province’s strong determination to exploit local revenue sources, which serves as a vital foundation for increasing financial autonomy and gradually reducing dependence on central budget supplements.

A highlight of this revenue management strategy is the proactive expansion of the tax base. Specifically, an additional VND 36 billion expected from the non-state economic sector reflects a clear orientation toward nurturing and developing the private sector. Instead of relying solely on traditional sources, the province is focusing on tapping into new revenue streams linked to the growth of production, business, trade, and services, which establishes a platform for sustainable growth.

Revenue from land use, with an expected increase of VND 609.78 billion, continues to play a significant role. However, provincial authorities do not view this as a primary “lifeline” but rather manage it flexibly in alignment with the progress of specific projects. This flexible approach helps mitigate risks associated with market fluctuations and avoids over-reliance on temporary revenue sources. Additionally, revenues from import-export activities, aid, and contributions continue to be strictly managed and effectively utilized.

According to the three-year state financial-budget plan for 2026 - 2028, the total local budget revenue for 2026 is set at VND 14,878,379 million, the majority of which still consists of central budget supplements. This indicates that while progress has been made in increasing domestic revenue, Điện Biên must continue its efforts to enhance self-sufficiency. Budget results for the first two months of the year show that the revenue structure still relies heavily on traditional items such as taxes, fees, and land-related payments. As of February 28, 2026, accumulated budget revenue reached an estimated VND 338.6 billion, equivalent to 22.4% of the ordinance estimate and 15.7% of the target set by the provincial People’s Council.

On the expenditure side, total local budget spending is projected at VND 14,985,879 million, highlighting the immense pressure from regular expenditures. In this context, austerity requirements are being enforced aggressively, tied to improving budget efficiency and restructuring spending toward a more rational model that prioritizes development investment. Development investment has been allocated VND 1,795,813 million, focusing on key sectors like transport infrastructure and target programs. By dedicating significant resources to investment, the province is utilizing the budget as a “lever” to stimulate growth. However, to ensure effectiveness, investment spending is managed flexibly based on revenue progress and balancing capabilities. During periods of increased revenue, the province may accelerate disbursement to drive the economy, whereas during financial difficulties, prioritizing urgent projects ensures financial safety.

Regular expenditure, exceeding VND 11,688,561 million, remains a major burden. Consequently, the province places special emphasis on practicing thrift and combatting waste in public spending. Agencies and units are required to scrutinize all expenses, minimize unnecessary costs, and enhance budget efficiency through autonomy and self-responsibility mechanisms. This is a crucial solution to create space for development investment without increasing budgetary pressure.

Allocations for debt repayment, contingencies, financial reserve funds, and salary reforms are fully maintained to ensure financial security. Notably, the reservation of VND 25,200 million for salary reform in 2026 shows early preparation to avoid being passive when policies are implemented. A key aspect of this management is the close link between revenue and expenditure; increasing revenue not only balances the budget but also creates resources for growth, while saving expenditure ensures that funds are used correctly for their intended goals to create added value for the economy.

Furthermore, VND 825,796 million for target programs and tasks, along with VND 358,987 million for the implementation of prescribed regimes and policies, affirms the budget’s role in social development and poverty reduction. This direction requires close coordination between levels and sectors, where the finance and tax departments must strengthen management to prevent loss and nurture revenue sources, while budget-using units must uphold their responsibility for thrift. With the total social investment capital for 2026 expected to reach VND 25,000 billion, effective budget management will play a vital role in “activating” and “leading” other resources. The state budget, particularly public investment, serves as “seed capital” to build trust and attract extra-budgetary investment, thereby expanding the scale and space of the economy.

Managing the budget through flexibility, revenue increases, and expenditure savings is not merely a temporary fix but a long-term orientation. When revenue is exploited effectively and spending is strictly controlled, the budget becomes a true tool for regulating and promoting socio-economic development. The proactiveness of all sectors, the responsibility of leaders, and increased transparency will create a foundation for enhanced budget management, serving as the key for Điện Biên to build a solid public financial system for sustainable development in the years ahead.