Budget collection hits nearly 518 trillion VND in four months
Nearly 518 trillion VND (22.23 billion USD) was collected towards the state budget in this year’s first four months, completing 36.7 percent of the yearly target and representing a year-on-year rise of 13.9 percent, reported the Ministry of Finance.
Tax payment information in Hue city of Thua Thien-Hue (Illustrative image. Photo: VNA)
Hanoi (VNA) – Nearly 518 trillion VND (22.23 billion USD) was collected towardsthe state budget in this year’s first four months, completing 36.7 percent ofthe yearly target and representing a year-on-year rise of 13.9 percent,reported the Ministry of Finance.
Accordingto the ministry, state budget collection in April was estimated to reach 133.9trillion VND.
Domestic revenue reached 111.6 trillion VND, pushing the four-month figure to 424.96trillion VND, up 14 percent year-on-year.
Collectionfrom crude oil was 4.7 trillion VND last month, raising the total amountcollected in four months to 18.29 trillion VND, equivalent to 41 percent of theyearly target.
Besides,collection from import-export activities was estimated to reach 17.2 trillionVND in April and 73.9 trillion VND in four-month period.
According to the ministry, high growth has been recorded in several sectors sofar this year. Firms’ tax payments saw positive signs in almost all economicsectors in the first four months of 2019.
Themajority of localities – 52 out of 63 – reported their domestic collection asreaching set estimates.
State budget spending reached 114.2 trillion VND in April and 429.8 trillionVND in the first four months of this year.
Government bonds worth 82 trillion VND were issued in January-April, ensuring supply forspending and debt payment.
In April,the Government paid about 13.06 trillion VND for debts, including about 11.22trillion VND in domestic debts and about 1.73 trillion of foreign debts. As aresult, in the first four months of this year, about 113.62 trillion VND ofdebt was paid off, about 17.31 trillion of which was for foreign debts.–VNA
Total state budget revenue was estimated at nearly 246.5 trillion VND (10.6 billion USD) in the first two months of 2019, up 18.2 percent year-on-year and equivalent to 17.5 percent of the target for the whole year.
The Ministry of Finance (MoF) has announced the outcomes of the implementation of financial and budgetary tasks in the first quarter of 2019, noting that there was a state budget surplus during this period.
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Tax payment information in Hue city of Thua Thien-Hue (Illustrative image. Photo: VNA) 
