The total revenue to the State budget as of December 25 surpassed 1.69 quadrillion VND (nearly 69.5 billion USD), up 4.5% compared to the yearly estimate, heard a conference hosted by the Ministry of Finance in Hanoi on December 27.
Hanoi (VNA) – The total revenue to the State budget as of December 25 surpassed 1.69 quadrillion VND (nearly 69.5 billion USD), up 4.5% compared to the yearly estimate, heard aconference hosted by the Ministry of Finance in Hanoi on December 27.
According to Deputy Minister of Finance Nguyen Duc Chi, thetotal State budget expenditure in the year reached about 1.73 quadrillion VND or 83.4% of theestimate. The spending for investment and development was equivalentto 79.8% of the estimatedecided by the National Assembly, and 81.9% of the plan assigned by the PrimeMinister.
The budget balance at all levels is guaranteed. As of December 25, 296.7trillion VND worth of Government bonds had been issued, equal to 74.2% of the yearlyplan, with an average interest rate of 3.21% per year.
The Ministry of Finance said it will continue to operate a flexible fiscal policy, thus contributing to stabilising macro-economy, speeding up theimplementation of important infrastructure investment projects, and creating afoundation to promote economic growth.
It will also focus on strictly managing Statebudget expenditures; improving the efficiency of management, allocation, anduse of state budget. More plans include tightening financial discipline, promoting restructuringof State budget spending, and tightly controlling State budget deficits, publicdebt, and contingent debt obligations./.
The General Department of Customs on October 4 reported that its state budget collection stood at 268.69 trillion VND (10.99 billion USD) between January and September, decreasing by 18.6% compared to the same period last year.
Vietnam’s State budget collection in the first ten months of this year stood at 1.4 quadrillion VND ( 57 billion USD), accounting for 86.3% of the estimate, and down 9.2% year-on-year, the Ministry of Finance reported.
The State budget collection from import-export activities topped 335.1 trillion VND (13.8 billion USD) during January – November, or 78.9% of the estimate, marking a year-on-year decrease of 16.8%, the General Department of Vietnam Customs said on December 6.
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Participants at the conference. (Photo: VNA) 
