Hanoi’s State budget collection up nearly 24% in 2023
The State budget revenue of Hanoi as of December 28 topped 405.2 trillion VND (nearly 16.7 billion USD) or 114.8% of the projection, up 23.8% compared to the same period last year, according to the municipal Department of Finance.
State budget revenue of Hanoi tops nearly 16.7 billion USD. - Illustrative image (Photo: VNA)
Hanoi (VNA) – The State budget revenue of Hanoi asof December 28 topped 405.2 trillion VND (nearly 16.7 billion USD) or 114.8% of the projection, up23.8% compared to the same period last year, according to the municipalDepartment of Finance.
Meanwhile, the total State budget expenditure of the capitalcity neared 87.5 trillion VND, equivalent to 83.2% of the projection, and up 0.7%year-on-year.
Director of the municipal Department of Finance Nguyen Xuan Luusaid the tax and customs sectors, and the State Treasury of Hanoi have coordinatedwith relevant agencies at all levels to concertedly and effectively apply revenue management solutions, strengthen inspection, and minimise revenue loss, transfer pricing, and tax fraud, to increase revenue.
Attention has been paid to promoting the reform of taxadministrative procedures, applying information technology and digitaltransformation in serving taxpayers, strengthening tax management fore-commerce and real estate transfer activities, and accelerating the use of electronicinvoices, Luu said.
The city has focused resources on spending for investment anddevelopment, key transport infrastructure projects, and those in the fields of monumentrestoration, health care, and education monument restoration; and taken solutionsto speed up the disbursement of public investment capital.
The city's budget will continue to be managed flexibly andeconomically, ensuring budget balance at all levels, he went on.
According to Ha Minh Hai, Vice Chairman of the municipal People's Committee, thecity will continue to strictly implement the management by the Government,the Ministry of Finance, the General Department of Taxation, the GeneralDepartment of Customs, and the State Treasury in managing and using the State budgetin 2024.
❀ The city will also pay special heed to handling and removing difficulties inauctions, land allocation, and accelerating the implementation of projects to promotethe collection of land use fee, thus ensuring capital for developmentinvestment, he stated./.
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State budget revenue of Hanoi tops nearly 16.7 billion USD. - Illustrative image (Photo: VNA) 
