Eight-month budget collection increases by nearly 14 percent
Total budget collection in the January-August period was estimated at 871.8 trillion VND (37.3 billion USD), or 66.1 percent of the yearly estimates, an increase of 13.8 percent year on year, according to the Finance Ministry.
Total budget collection in the January-August period was estimated at 871.8 trillion VND (37.3 billion USD). (Photo: VNA)
Hanoi (VNA) –ܫ Total budget collection in theJanuary-August period was estimated at 871.8 trillion VND (37.3 billion USD),or 66.1 percent of the yearly estimates, an increase of 13.8 percent year onyear, according to the Finance Ministry.
Of the figure, domestic revenues were estimated at 695.8trillion VND, up 14.8 percent from the same period last year, and meting 63.3percent of the yearly estimates. The Finance Ministry said 44 out of the country’s 63provinces and centrally-run cities met the scheduled pace of budget collection,meaning they have collected 67 percent or more of the yearly estimates; and 60localities reported higher budget collection than in the same period last year. Accumulated budget revenues from import-export activitieswere around 199.7 trillion VND, while revenue from crude oil was nearly 40.9trillion VND. In the same period, budget expenditures came to 873.5trillion VND, up 10.2 percent on a yearly basis, and equivalent to 57.3 percentof the yearly estimates. More than 176.8 trillion VND of investment in capitalconstruction was disbursed in the past 8 months, meeting 44.24 percent of theplan assigned by the National Assembly and 45.57 percent of the plan set by thePrime Minister. The Government raised 119.26 trillion VND from the sale ofGovernment bonds in the period.-VNA
Total revenue of the State budget reached 215.76 trillion VND in the first two months of 2018, equivalent to 16.1 percent of the yearly estimate and up 12.7 percent year-on-year, said the Ministry of Finance.
Ho Chi Minh City continued enjoying growth in State budget collection in the first quarter of 2018, however, revenues from several sectors, especially import-export activities are forecast to fall, affecting the city’s budget collection this year.
Total revenue of the State budget reached 308.4 trillion VND (13.6 billion USD) in the first quarter of 2018, equivalent to 23.4 percent of the yearly estimate and up 5.3 percent year-on-year, said the Ministry of Finance.
The total state budget revenue reached 651.7 trillion VND (28.7 billion USD) in the first half of this year, equivalent to 49.4 percent of the estimate and up 14.3 percent year-on-year, Deputy Minister of Finance Huynh Quang Hai reported at a meeting in Hanoi on July 18.
Revenue to the State budget totaled 775 trillion VND in the first seven months of this year, equivalent to 58.7 percent of the yearly estimate and up 13.4 percent year-on-year, said the Ministry of Finance.
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Total budget collection in the January-August period was estimated at 871.8 trillion VND (37.3 billion USD). (Photo: VNA) 
