State budget collection rises 18.2 percent in two months
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.
Total state budget revenue was estimated at nearly 10.6 billion USD in January-February. (thoibaotaichinhvietnam.vn)
Hanoi (VNA) – Total state budget revenue was estimated at nearly 246.5trillion VND (10.6 billion USD) in the first two months of 2019, up 18.2percent year-on-year and equivalent to 17.5 percent of the target for the wholeyear.
According to the Ministry of Finance, domestic revenue was estimated at 204.8trillion VND (8.8 billion USD), growing 19 percent from the same period last year.The figure was equal to 17.4 percent of the estimate.
Earnings from crude oil fell 1.7 percent to approximately 8.7 trillion VND (374million USD), accounting for 19.5 percent of the estimate.
Inthe period, state budget spending was at 195.4 trillion VND (8.4 billion USD),or 12 percent of the estimate and up 9.6 percent year-on-year.
The ministry said that it will work to ensure sufficient capital for the implementationof socio-economic targets.
Ithas also asked the General Department of Taxation and the General Department ofVietnam Customs to carry out efficient state budget collection measures, stepup inspections on tax collection and post custom clearance, as well as enhance themanagement of tax debts.–VNA
The National Assembly has issued a resolution on State budget estimates for 2019, in which total State budget collection will likely reach over 1.411 quadrillion VND (60.67 billion USD), while the total spending will hit more than 1.633 quadrillion VND.
State budget collection was estimated to reach almost 1.4 quadrillion VND ND (60.2 billion USD) this year, 6 percent higher than the estimate, Minister of Finance Dinh Tien Dung told a teleconference between the government and localities cities in Hanoi on December 28.
Ho Chi Minh City’s State budget collection topped 378.5 trillion VND (16.4 billion USD) as of December 31, 2018, or 100.47 percent of the estimate and marking a 8.65 percent increase year-on-year, Chairman of the municipal People’s Committee Nguyen Thanh Phong told a local conference on January 3.
The financial sector collected over 1,400 trillion VND (60.2 billion USD) towards the State budget in 2018, or 7.8 percent higher than projected, heard a conference to review financial and budget works in 2018 and put forward tasks for 2019.
The state budget revenue is estimated at 144.6 trillion VND (over 6.2 billion USD) in January, up 7.5 percent from a year earlier, the Ministry of Finance said on February 1.
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Total state budget revenue was estimated at nearly 10.6 billion USD in January-February. (thoibaotaichinhvietnam.vn) 
