State budget revenue nears 770 trillion VND in five months
State budget collection in the January-May period was estimated at over 769.6 trillion VND (32.75 billion USD), equivalent to 47.5% of the estimates for the whole year, the Ministry of Finance reported on June 8.
Hanoi (VNA) - State budget collection in the January-May period wasestimated at over 769.6 trillion VND (32.75 billion USD), equivalent to 47.5% ofthe estimates for the whole year, the Ministry of Finance reported on June 8.
According to the ministry, although the domestic revenue in the reviewedperiod was quite good compared to the estimates, the monthly tended to decreaseas the January collection reached 14.7% of the estimate, February 7.7%, March8.9%, April 9.9%, and May 6.4%. The domestic collection in the first fivemonths was equal to 97.1% of that recorded in the same period last year.
The ministry said 17 out of the 63 provinces and centrally-run cities recordedstate budget revenue topping 48% of this year’s targets.
Thirteen localities saw the collection higher than that in the same periodof 2022, and 50 others were lower.
Meanwhile, 653.1 trillion VND from the state budget was spent in the period,representing 31.5% of this year’s plan, and rising by 10.9% year-on-year,statistics show.
The Finance Ministry said expenditures in theJan – May period were performed as planned, meeting demand for socio-economicdevelopment, defence and security, state management, debt repayment,and implementation of social security tasks./.
State budget collection from export-import activities in January topped 24.8 trillion VND (1.07 billion USD), or 5.8% of the estimate, down 42.3% annually, reported the General Department of Vietnam Customs (GDVC).
Vietnam’s total State budget collection in January is estimated at 183.7 trillion VND (7.78 billion USD), equal to 11.3% of the yearly estimate and down 0.5% year-on-year, announced the Ministry of Finance on February 7.
State budget collection from export-import activities in the first two months stood at 56.33 trillion VND (2.37 billion USD), or 13.3% of the estimate, down 19.4% year-on-year, reported the General Department of Vietnam Customs (Vietnam Customs).
The total State budget revenue in the first five months of this year reached over 663.84 trillion VND (28.27 billion USD), equivalent to 48.3% of the ordinance estimate and 96.9% compared to the figure in the same period last year, reported the General Department of Taxation on June 2.
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Illustrative image (Photo: VNA) 
